This year Black Friday season is set to last even longer than ever. According to data by Barclaycard, spending in 2018 saw a modest increase of 1.6% with particularly strong growth in entertainment and experiences but it’s an increase nonetheless. In a time where debt is spiralling and many families are still struggling to make ends meet, is it only me who thinks the increase is more socially worrying than economically reassuring?
Many retailers claim that Black Friday provides customers with genuine opportunities to buy thousands of great value products. But according to reports from social watchdogs such as Which? it seems these deals may not always be as they seem. Is this just not all about fantasy promotions, make believe deals, pie in the sky offers and fabricated prices? So many deals aren’t even money saving deals at all and yet we are taking to our computers and shopping malls in frenzied droves to pick up whatever we can.
Not that there is any real rush when you think about it as ‘Black Friday’ seems to have become ‘Black season of Friday’ so there are lots of offers already out there and there are further offers yet to come.
However, although many people just won’t be able to resist the excitement of snapping up a potential bargain, here are 7 reasons why I’ll not be doing any Black Friday spending!
- It’s just a month away from Christmas. This is an expensive enough time of year as it is without putting any further pressure on my already weary credit card.
- Many deals aren’t what they seem so in order to get the best ones; you should do your research in advance. This takes time and I don’t know about you but at this time of the year, time is one thing I most definitely do not have.
- Some purchases will be outside the 28 returns policy window so if your purchases are Christmas presents then you’ll also have to check terms and conditions carefully before buying. Again this takes time.
- Black Friday is irresponsible; it potentially encourages people to spend beyond their means and buy things they don’t need at a price they still can’t really afford.
- You’re not saving money if you’re spending it unless it’s a purchase you’ve been intending to buy for some time, have budgeted it for it and then manage to get it for a lower price on Black Friday.
- If it’s worth waiting for until Black Friday, then whatever it is can also wait until January when life is a little less festively bonkers and you have a little more time to make those all important decisions.
- I don’t like crowds and I don’t like queues so it would need to be bargain of the decade, never mind year or day, to get me anywhere near a shopping centre during Black Friday season.
Of course if you spend regardless of what time of year or month it is, have lots of time to plan and research, don’t mind taking a chance on returns policies, like to think you’re saving when you’re not, can’t wait for the purchase and don’t mind braving the crowds or queues, then a very Happy Black Friday Season to you all!