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Spending strategies for Black Friday

Posted: 26 Nov 2019

3 mins to read

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Black Friday is a fantastic shopping day that is usually described as a chaotic shopping experience. Previously, Black Friday sales were only in physical stores, but as our world has become more digital, Black Friday has come to exist both online and in person.

Black Friday is most certainly an essential event for both saving and spending. Amongst all the hype and chaos in this “saving experience”, it becomes so easy to end up spending a lot more than what you are saving.

Here is a list of ways to save money on Black Friday deals.

Develop a game plan

Through all the chaos, it is impossible to navigate your way through each store, that is why you should create a shopping list of everything you want to get for the day and where to get it. Make a schedule of when you want to get to these particular stores by, to make sure that you get to all your desired deals. Start with your most desired purchased first just in case they are sold out before you get a chance to buy them.

Budget

Know how much you can spend, whether that is cash or credit. Once you know what you want, work out how much you can spend. Keep in mind the festive season approaching in December!

Compare deals on items

Just because one store has a specific product on sale doesn’t mean another store won’t have the same product for a better price. Check online for the specials of the different stores that sell the product you want and compare which one has the better deal.

Follow your stores’ social media pages

Sign up to the newsletters and visit the social media pages of your favourite stores so that you can stay informed on what they have on offer. This means you’ll be one of the first to hear about the Black Friday specials they are running.

Staying indoors

If you’re not a people person or if you don’t live close to a shopping centre, don’t feel left out. Specials for Black Friday and Cyber Monday are abundant online. Many online retailers are offering huge discounts.

Be responsible with your credit

As tempting as it is to splurge during Black Friday, it’s essential to keep in mind the rest of the year. Before Black Friday, take a look at your credit report at www.mycreditcheck.co.za to see what your accounts are looking like. You can use the information on your credit report to determine if you can afford to spend more on your credit accounts.

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