Author
27four Investment Managers
Published
19th November 2019
27four Investment Managers
Published
19th November 2019
Avoid the Black Friday hype.
Certified financial planner Marietjie Oosthuizen provides some tips to help you spend and save wisely and avoid the trappings of Black Friday.
- Plan ahead. Research products that you are interested in buying and compare!
- Look for the best deal and avoid compulsive spending.
- Remember to budget for the months ahead (e.g. school fees).
- Don’t withdraw your savings for items you don’t need.
- Do not overspend or buy unnecessary items on credit.
- Consider whether your purchases will actually benefit your usual monthly budget.
- Look for hidden costs on purchases – for example delivery fees.
- If you did save money consider investing your extra funds left over.
- If you did overspend, work out a recovery plan to get back on track as soon as possible. If you did buy on credit try settle this as soon as possible to avoid high interest rates.
- Working with a trusted financial planner can help you avoid or fix some of these concerns.