Where to find the best Black Friday deals

WASHINGTON - Whether you're shopping at the mall or online, chances are that you'll be spending some serious cash this holiday season.

Have no fear we are here to help you get the most for your money! Jill Gonzalez, the spokeswoman and analyst for "Wallet Hub," joined FOX 5 DC to share with us where you can find the best deals and discounts this Black Friday.

WalletHub identified the stores offering the biggest discounts in various categories, including appliances, jewelry and toys.

Macy's topped the list with the highest overall discount rate at 63.35 percent. Other department store giants Kohl's and Sears, took sixth and tenth place, respectively. Jill says these deals are actually real deals, they look at them all year round and most of them usually extend to cyber Monday.

Jill also warned against Black-Friday "traps" -- customers should aim for a 39 percent discount or higher when shopping Black Friday deals. Shoppers should use that as a threshold for what they are looking at and if it is less than that, it's probably not the best discount.

Now, onto the gift cards, Jill says 60 percent of consumers this year actually want to receive gift cards. Here are the top five ranked gift cards that are not only the ones that are best for your money, but also the most popular ones.

Now get your walking shoes ready if you're headed to the mall for Black Friday shopping, or make sure your lap tops are charged up for online shopping!