How to avoid the Black Friday debt trap | The Citizen

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The biggest one-day shopping event in the world is fast approaching. And in South Africa, consumer spending on Black Friday continues to increase year on year.🛒 Full story here➡️

The biggest one-day shopping event in the world is fast approaching. And in South Africa, consumer spending on Black Friday continues to increase year on year, with sales volumes having tipped the scale at over R2.5 billion in 2021.

I advise South Africans to not think of Black Friday as the day to make up for lost time, when it comes to spending. On the whole, South Africans need to become more aware of how the financial decisions they make today, will impact them in the months and years to come.Don’t budge on your budget Armed with your list and your limit, you can safely browse available offers and choose to take advantage of them if they are relevant to what you originally planned to buy. Anything that didn’t make the preliminary list or fall within the limit, simply shouldn’t make the cut.In previous years, Black Friday was dominated by more ‘traditional’ retailers on items such as clothing, electronics and home appliances.

 

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