MONEY CLINIC | What should I look out for before buying into a special offer? | Business

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Retailers entice shoppers to visit their outlets and websites all year round. Still, marketing reaches a fever pitch during the festive season as special offers gather momentum with pre-Christmas sales. Festive season frenzy morphs into sales pitches to clear holiday stock in the New Year, followed by back-to-school specials during January.

If you have decided that an item is a good buy, such as an air fryer for family meals, shop around first. Numerous sites showcase the best daily deals in South Africa. There are also clearance sites with stock overruns from previous seasons, factory outlets and distribution centres.Major purchases often require a loan. Understand the difference between good debt – such as a loan to revamp your house and increase its value – and bad debt, such as buying the latest fashions on credit.

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