Don’t let Black Friday leave you in the red | Business

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All decisions have consequences and money spent on Black Friday is money you can’t invest for the future. | News24_Business

You may be expecting an annual bonus and feeling rather flush around Black Friday, but consider that every R1 000 you spend today could be worth R1 400 in five years time, at a growth of 7%.

So, consider the opportunity cost – what else could you be doing with that money – before jumping into an impulsive Black Friday deal. With a bit of thought and forward planning, you can put yourself firmly in the driver’s seat and spend responsibly. You won’t suffer from FOMO and certainly won’t start 2023 with a hefty credit bill that needs to be repaid. As the American author and actor Sean Patrick Flanery said, “Do something today that your future self will thank you for.”

 

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_Business People suffer and when it comes to buying something at a discount the thoughts of saving are not top of mind...

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