Top tips for budgeting as holiday shopping season starts

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It is almost that time of the year again when frenzied shoppers and bargain hunters are looking for deeply discounted items.

It is more important than ever to plan for your Black Friday shopping spree.JOHANNESBURG - It is almost that time of the year again when frenzied shoppers and bargain hunters descend upon stores and shopping sites looking for deeply discounted items.According to BankServ1, Black Friday 2019 saw a total of just over seven million transactions in South Africa -- an increase of almost 35 percent when compared to 2018’s figures.

While Black Friday can be an exhilarating experience for some, it can have severe financial implications for others. Below Rossouw offers top tips on how to survive the craziness that is Black Friday.Make a list of the items you have your eye on and do some research on what these products would normally cost.

Should you decide to make use of a credit card to purchase a big-ticket item, Rossouw’s advice preferably pay off the debt before interest gets charged – most credit card companies provide a set number of days interest-free; and know what the interest rate is, and calculate your total debt before making the purchasing decision.“The good thing about online shopping,” adds Rossouw “is that it allows you to compare prices at a click of a button.

 

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