Black Friday 2023: 7 tips for shopping without getting into debt

[jisansorkar12]

Just a few days separate Black Friday 2023 for shoppers. The date of the most anticipated retail promotional campaign is set for November 24th. According to a survey commissioned by Google , 2 out of 3 Brazilians intend to purchase a product or service during Black Friday. If you are part of this group, check out 7 tips for shopping without getting into debt.

Accountant and IFES professor Gladyson Brommonschenkel Demonier emphasizes that you need to be careful not to overspend on purchases, running up debts that will be a major bottleneck in your budget. With that in mind, check out the tips listed by the professor that will help you spend more consciously during Black Friday 2023.

But first, how about reflecting a little more on conscious consumption? Check out the ABAC Blog, 40 habits to adopt in your daily life .

Let's get to the tips?
1. Make a list of needs
The strong advertising appeal of Black Friday awakens in people the urge to buy even things they had never thought of. In the days leading up to the event, it seems like there is only one topic on the agenda. Therefore, consumers tend to want to take advantage of the opportunity to buy everything that the high discounts can provide.

Therefore, it is important to have a list of needs . In addition to usa whatsapp list identifying the desired items, it is necessary to analyze the level of priority of what should be purchased now and what can wait a little longer.

2. Be clear about your budget
It is essential to be aware of your true financial situation. This way, you will be able to determine whether this is an opportune time to make new expenditures, as well as establish a spending limit and, above all, respect it.

3. Research the price
This action is essential so that you are not fooled by false discounts or even deceived by prices that are even higher than those practiced outside of Black Friday, the famous “Everything for half the double”.

This research can be made easier with price comparison websites, such as Compare TechTudo , Zoom and Buscapé .

4. Don't compromise your 13th salary
Black Friday takes place at the end of the year, close to the 13th salary, and this is intentional. The expectation of extra income makes consumers more likely to spend more.

However, it is important to remember that often the additional salary is already committed to other debts taken on during the previous months or to those traditional expenses at the beginning of the new year such as taxes, registration and school supplies.

5. Observe the payment methods
Many retailers, whether in physical or online stores, offer larger discounts for payments made in cash, whether by Pix or boleto. So when choosing a credit card, it is important to check whether the discount will remain the same or will be smaller compared to other methods. And also, whether there will be interest included in the case of installments.

Sometimes when choosing credit, the amount is much higher compared to paying in cash, making it not worth taking advantage of Black Friday.

Furthermore, it is essential to keep an eye on your credit card limit and the bills you have already paid in advance so as not to exceed your budget. If you do this, you may later have to deal with high interest rates on your credit card due to late payments or defaults.

6. Beware of scams
It is essential to research the store's reputation. Check reviews and recommendations from other consumers, as well as the quality of the product. This prevents you from going into debt by purchasing low-quality or even damaged items. In this post , we show you some tips for shopping safely on Black Friday.

7. Avoid virtual scams
Be wary of exorbitant discounts. Compare the prices charged by other stores for the same product category to see if the discount really makes sense.

Use platforms such as Reclame Aqui and social networks to check the credibility and suitability of the store you intend to buy from.

Check whether the website has a security certificate, that is, whether it has the letters “HTTPS” before “www” in the address bar. Having this acronym means that the communication between the two sources is encrypted and secure.

Also, pay attention to the name of the store registered in the address bar. Sometimes, a wrong letter will take you to a fake page, resulting in not only the debt, but also in great losses, as you will not receive the desired product or service.

#Extra Tip
Finally, accountant and professor Gladson brings more than a tip, but a warning, as he himself emphasized.