It’s back! Rock-bottom Black Friday deals. It’s been a year already. Have you mentally prepared yourself to shop like a pro?
Whether you’re on the lookout for a massive bargain, simply in the mood to treat yourself with a big-ticket item or want to get a head start on your Christmas shopping – all are justifiable. But before you fill your cart, get a load of these helpful pointers prior to making your next purchase. After all, if the last two years have taught us anything, it’s to be future-focused when it comes to our finances.
Here's a short list of tips that may help you avoid Black Friday regret and perhaps serve you well with any other purchases during the ‘silly season’:
1. 2022 is around the corner: so after Black Friday, you still have to get through December…and then you have to get through January. That’s a massive gap between pay cheques. So be honest with yourself. Maybe Black Friday 2021 isn’t for you.
2. Credit is everything: no, it really is. Don’t damage your credit rating with purchases you can barely afford. Take a look at your credit health now with DirectAxis Pulse, our free credit score rating tool It will give you an up-to-the-moment summary of your financial status, insights into where you can improve your credit score rating, and a free credit check to show how much you qualify for when it comes to credit. Register for free here.
3. Clicks vs Bricks: sure, you can go into the store and get a deal, but are you sure it’s the best deal? Many businesses advertise their Black Friday specials online ahead of time. So fire up that search engine and look around. Extra tip: some businesses have already gone live with their Black Friday offers so keep your eyes open.
4. Bust out that budget sheet: setting a Black Friday budget could save you a lot of stress afterwards. Keep in mind that financial success relies on your long-term financial plans. If you are currently struggling with your financial obligations, skip Black Friday this year. Instead, you may want to consider a debt consolidation loan from DirectAxis With one lower monthly repayment, you could free up to R1 500 in cash every month. And you can save that money towards Black Friday 2022. Click here to find out more.
While the term Jan-u-worry is cute, the fact is that January is a pretty horrible month to be broke. All it takes is a few impulse buys to leave you cash-strapped with a serious case of festive season FOMO. Resist the urge to impulse buy and reap the benefits of a fun-filled festive season – and better still, a debt-free start to 2022.