Black Friday has become one of the most anticipated shopping events of the year. Huge Black Friday deals, jaw-dropping discounts, and prices that make you feel like you must buy now before the offers disappear. But here’s the truth: while it’s exciting, it can also be one of the most financially stressful days.
Since Black Friday only comes once a year, every brand is fighting for your attention with big promotions and flashy ads. You might feel like you’ll miss out if you don’t shop. But at the same time, spending too much in such a short period can make the rest of the month financially tight, especially if you’re relying on credit cards or taking out loans with interest.
That’s why shoppers usually fall into two groups: those who wait for the sales, buy on installments, and end up with debt and high-interest payments for months or even years, and those who plan smart with Money Fellows app. By saving in advance, they walk into Black Friday ready to pay cash, grab the biggest discounts, spend less, and most importantly, stay debt-free while avoiding the debt trap altogether.
The trick is to enjoy the discounts without putting a dent in your budget, and that’s exactly what we’ll show you in today’s article. Ready? Let’s dive in.
Common Black Friday Mistakes You Should Avoid
1. Impulse shopping: Buying anything just because it’s on sale.
2. Forgetting priorities: Spending on extras and forgetting the essentials you’ve needed for months.
3. Ignoring your budget: Hitting the stores without a clear spending limit.
4. Relying on debt: Using a credit card increases the real cost of your purchases due to interest.
How to Prepare for Black Friday the Smart Way?
Black Friday isn’t just about discounts; it’s about preparation. Here’s how to shop smart:
- Make a list of what you need.
- Check prices now and compare them with the Black Friday offers to spot genuine discounts.
- Use safe, interest-free payment methods instead of relying on debt or high-interest installments.
And this is where Money Fellows comes in. Instead of scrambling for cash at the last minute or spending your entire paycheck, you can prepare your shopping money in advance.
Don’t wait until the last moment! Join an August Circle with Money Fellows and get your payout in October or November with up to EGP 3,000 discount on installments plus a 500 EGP Amazon gift! Join now