Black Friday 2022 – here’s how to shop wisely and save money.
Image via Pixabay
Black Friday: How to save cash whilst shopping
Don’t go into debt at the expense of a ’good deal’. Here are ways to limit overspending – and even save cash – this Black Friday…
Black Friday 2022 – here’s how to shop wisely and save money.
Image via Pixabay
Black Friday, or Black November for that matter, has been widely advertised as the shopping extravaganza of the year…
This year, Black Friday falls on 25 November 2022 – payday for many! And with Covid-19 restrictions like social distancing, mask-wearing, and the number of people restricted in stores completely abolished in South Africa, many are gearing up to head to the shops to splash their cash.
But the price of the item you’ve had your eyes on can often come at a higher cost if you don’t have the cash for it.
Here’s how to spend wisely this Black Friday…
DON’T GO INTO DEBT
National Debt Advisors’ Moeshfika Botha warned consumers to be mindful on what they spend their cash on – and if they had the cash at all.
She told Eyewitness News: “South Africans should seriously consider the true cost of Black Friday purchases when using high-interest credit cards or personal loans to pay for them.
“A R5,000 spent from a personal loan can end up costing more than double. No one wants to end up over-indebted or in need of debt relief solutions because of Black Friday purchases”.
Debt Rescue’s Anneline van der Poel also advised the public not to “get caught up in the excitement”of the day.
She told Cape Talk: “Credit is not free! There’s interest attached to that credit that you’re taking. It could end up costing you the same, or even more than this reduced sale price is.
ALSO READ: ‘Black Friday the biggest form of clownery’: Is it really worth the hype?
BLACK FRIDAY MONEY-SAVING TIPS
If you’re still keen on cashing in on Black Friday, here’s how you can minimise overspending…
- Make a shopping list of things you need and can afford – and stick to it!
- Do your research on if it truly is a good price
- Familiarise yourself with various retailers “price matching” policies.
- Don’t go overboard with gifts. If your budget is R200 – stick to it!
- If you’re using a credit card to make a purchase, pay it off the first chance you can
- Save the money you saved, don’t spend it!
ALSO READ: Black Friday: Safe and seamless online shopping tips
