Black Friday is just around the corner and financial gurus are cautioning against overspending in the current economic climate.
Programme manager for consumer education at FNB, Dhashni Naidoo, emphasised the importance for consumers to exercise caution and self-discipline when managing their money over this period.
“Lack of financial discipline around Black Friday can easily lead to financial woes, especially in these uncertain times,” said Naidoo.
“Sometimes we are lured by the excitement as well as the appealing marketing and therefore tempted to buy goods simply because we are told that the prices have been reduced,” explained Naidoo.
If shopping online, remember to factor in shipping costs to determine if you are paying less than usual.
“Just because something is labelled cheaper on Black Friday doesn’t always mean that it’s a worthwhile buy,” said Naidoo.
The easiest way to determine if there has been a decrease is to track the price over a period of time.
Make a wish list and stick to it.
NOW READ: Black Friday: SA’s biggest shopping spree is around the corner
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