One of the best parts of the holiday season is getting all pumped up for huge sales and discounts as the eve of Black Friday I finally upon us. It is a time of unlimited shopping at crazy deals, right? While it is true to some extent, this may not be the case for an average Canadian, especially this year when the inflation rates are running rampage. In this article, we will examine if black Friday shopping is worth your time this year or if it is better to give a pass.
Now, don’t get me wrong, I love the occasional discounts that companies tend to offer, especially during Black Friday and Cyber Monday sales. Still, what is different this year is as the economy is recovering and inflation rates are at an all-time high, there is a good chance that you might face financial difficulty if you are not careful. Sure, if you need anything urgent or if there is something you have been craving long for, go ahead, but before you do, keep these tips on the back of your mind to help you stay focused and help you not to get carried away.
Is Black Friday a waste of time for Canadians – REDPAYDAY
Don’t shop for discounts only.
Let’s get this one out nice and early; you should not shop during Black Friday just because there is a hefty discount attached to it. There are many instances where people buy things only because of a considerable discount, but the something they believe has no real value in their lives. I remember getting a google home on black Friday because they were selling it for $1 ( you needed to be a youtube premium member though to get the offer), but as I was invested in the Apple ecosystem, I hardly got to use it as it made no support apple music and comes with many other inconveniences. Do I regret buying it? Not necessarily, but it was a total waste of time and money. SO before you buy something just because it is on discount, ask yourself the usefulness of the product and do you really need it?
Don’t go overboard with gifts.
Christmas is a great time to enjoy with friends and family, and a large part of Christmas is getting gifts to your loved ones as this helps create a bond, and people appreciate having you in their life. But this does not have to mean that you have to jeopardize your financial freedom to buy gifts for your friends; in most situations, people will understand if you are having a bad year and the effort counts more than the gift you are getting them. So, do not force yourself into buying gifts for all your friends and family if you are having some difficulties financially. Plus, given Canada’s current economic condition, it is totally understandable if you would like to skip this year or buy presents only for people who are very close to you.
Better not to waste your time searching
Have you ever heard the expression “time is money”? We go to work and are compensated with an hourly or salaried salary. The more time we put in at the office for hourly workers, the more money we earn. Many paid employment to necessitate the presence of the employee for more than 40 hours each week.
We’re certainly accustomed to exchanging time for money, which indicates that we place a monetary value on our time, at least in part. Nonetheless, on Black Friday, we’ll stand in line for a very long period to either get inside the store immediately when it opens or to get our hands on something that has been marketed as a “great deal.” we have already spent a substantial amount of time, and if you are splitting hairs, we made a net loss then making any profit.
It is true that at the time, black Friday had fantastic deals that you just could not miss out on, but due to financial worries, money can be hard to get a hand on if you find yourself short of cash and really need money for getting hands-on that new gadget that is half the price, we understand the urge you have and can apply of a guaranteed payday loan and get money directly transferred to you bank account within hours of applying. For more details, visit the redpayday website to learn more.