We are already inundated with advertising telling us that there are some really special prices heading our way on Black Friday.
Black Friday is coming up on 29 November, but shops are already cashing in on the buying frenzy by offering special prices for the whole month of November. But are these specials really that special and do you really save money?
Amey says you must ask yourself: “Am I truly saving money by spending on Black Friday specials, or would I be better off saving that same money and placing it in an investment that can grow over time?”Are the items you want to buy really cheaper on Black Friday? A report by “Which?” found that 98% of products on sale in the UK during Black Friday 2021 were cheaper or the same price at other times during the year.
Will you still be enjoying the new TV you bought in 2024 or would the money you could have invested instead put you in a far better place, financially, in 20- or 30-years’ time? Think about your future self, and what you would thank yourself for in the years to come.“In South Africa, according to Eighty20, the middle-class group pays approximately 80% of their net salary to service debt. This debt is loaded with interest rates that far exceed the average salary increase.
Now Amey offers an alternative outcome, similar to a choose-your-own-adventure and introduces Miss Compound Interest, who talks to Freddy about his exorbitant buying habits.
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