Many of the Black Friday sales are already in full swing, with many of us hoping to bag a deal on the day itself (November 27) – but one financial expert has shared a word of warning
A finance guru has shared a Black Friday warning with shoppers, as “99%” will end up making a common mistake that could leave them worse off.
Major deals have already started popping up online and in-store across the UK, even though the big day officially falls tomorrow (November 29). Over the course of the Black Friday weekend, Brits are forecast to spend a staggering £3.8billion on everything from clothes to new tech.
However, a self-styled money expert claims many of us are making one major error when shopping during the sales. Content creator Louis (@louis_wb_) took to TikTok to reveal the “biggest Black Friday mistake” that “99% of people” make. “You can see up to 90% [off] in sales,” he said.
“However, the biggest mistake on Black Friday is, people buy stuff that they don’t actually need or [didn’t want] in the past. Instead of saving yourself money, you’ve actually made yourself worse off by purchasing that product that you didn’t need or want anyway.”
He then suggested what shoppers could do instead, ensuring they don’t part with cash unnecessarily. “Make a list of stuff that you want now,” he suggested. “If it goes on sale, fantastic. You save yourself some money. But don’t buy outside of that list.”
Louis’ video quickly garnered comments, with one person noting: “On top of that, some businesses raise their prices in increments in the months leading up to Black Friday. Not even a real discount.”
“Literally bro, ” Louis replied. “Absolute jokers.” “So true,” another user agreed.
An Instagram savings expert has also shared advice with her followers that missing out on impressive-sounding deals isn’t as regrettable as it might seem.
Emma Edwards of @the.brokegeneration posted: “Realisations that will set you free and save you a fortune,” adding, “That deal you think you’re gonna regret not taking advantage of: you won’t regret it nearly as much as you think you will.”
She continued: “Lots of very smart people have documented the regrets of the dying and [in] not one of them does it say, ‘Didn’t take advantage of 30% off site-wide on Black Friday.'”
