Black Friday, traditionally the biggest shopping day of the year for many retailers, takes place on Friday, 26 November.
Shoppers, who have continued working throughout the pandemic, may be in search of luxury goods, while others will be on the lookout for household basics at bargain prices.Whatever category you fall into, it’s important to plan ahead in order to avoid getting caught up in a shopping frenzy, advises Shafeeka Anthony, the marketing manager of personal finance website.
“There’s a lot of pent-up demand among South Africans for in-store shopping experiences, and those who’ve kept their jobs and saved income are in a powerful purchasing position,” she said.
“However, it’s important to keep in mind that Covid-19 will impact us for months, if not years to come. While it’s tempting to blow your savings on a holiday or to refresh your wardrobe for social gatherings, the growth prospects for the South African economy are muted.
“Job layoffs and retrenchments remain a strong possibility. While you may enjoy good health at present, COVID-19 or another misfortune could impact your long-term earning ability.
Be cyber-aware: Crooks are equally excited about Black Friday. Shop on legitimate sites (look for a padlock icon preceding the website URL), read customer reviews, and always protect your personal financial information.
Avoid bad debt: Store and credit cards enable you to buy items that you could not afford with a single payment. Paying your instalments timeously shows you are a responsible borrower, which is good for your credit score. However, avoid being saddled with debt at high interest rates. Opt for interest-free plans wherever possible, and be sure to pay the full credit card amount, or store card instalment, every month.
Anthony concluded: “A final tip is to remember to insure expensive purchases once they are delivered to your door. If you’ve invested in a designer watch or statement art piece, you need to protect it against theft and damage. Homeowners’ insurance includes personal property protection, which you may wish to supplement for individual items.
Source: eNCA
In other news – Amapiano star DBN Gogo covers Glamour Magazine – PICS
DBN Gogo recently took to her social media to announce she is the latest celebrity to cover Glamour Magazine SA. The star stated she is honoured to join the family and she had the most amazing time shooting with them. DBN Gogo went on appreciate the team that helped pull everything together.
She said: “A Cover Girl 💚Honoured to be @glamour_sa 2021 Summer Edition cover star 💫. Had the most amazing time shooting this. Learn more
