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Man waiting for black friday

Looking to Buy a Big Ticket Item? Hold off Until Black Friday!

The Black Friday craze is looming on South Africa once again, and even though we can’t know for sure what deals are installed for us this year, it’s in your best interest to wait until Black Friday to shop for your big ticket items. You either love it, or hate it, but Black Friday has become a crucial part of South Africa’s shopping calendar, especially for those struggling financially.

So.. Where did it start? 

It’s the single biggest shopping day in South Africa and yet it doesn’t even belong to us.. Black Friday originated in the United States and falls on the Friday after Thanksgiving which is held on the fourth Thursday of November and is symbolically seen as the start of the critical holiday shopping season.

Some argue that the name stems from the old bookkeeping practice of recording profits in black ink and losses in red ink. The idea is that retailers will sell enough on this day to put them ‘in the black’ (in profit) for the rest of the year.  The term is, however, said to have been coined in the 1950s by overworked Philadelphia police officers to describe overcrowding at the shops just after Thanksgiving.

Nowadays, Black Friday has turned into a worldwide craze with most retail stores offering large discounts on food, furniture, electronics and other big ticket items.

Generally, most people use Black Friday as an opportunity to:

  1. Stock up on essential food products as the discounts are often substantial.
  2. Get a head start on their Christmas shopping.
  3. Splurge on themselves.

Why should I wait until Black Friday to buy a big ticket item? 

We all know how difficult it can be to hold off on purchasing something that we’ve been wanting for months! But, if you have the willpower to wait just a little bit longer, you’ll be opening yourself up to incredible money saving opportunities, with South Africa’s Black Friday sales just around the corner. 

Black Friday sales are notorious for their massive discounts of up to 60%. Retailers like Game, Makro and Incredible Connection often have huge discounts on electronics. So why not wait until Black Friday to buy that new fridge, TV, cell phone or couch that you’ve been wanting to purchase for months? Black Friday sales are always good because there is so much on sale and there’s always such a wide variety to choose from.

Black Friday Tips

  • Start saving early!

It’s important to start saving early (months before), so that you have sufficient capital to purchase the things you are needing, especially the big ticket items. You don’t want to be purchasing things on credit.

  • Set yourself a budget and stick to it

It’s important to set yourself a budget before you go out shopping on the day. You don’t want to land up overspending and putting yourself under financial pressure, that’s not what Black Friday is about.

  • Plan beforehand

Major retailers usually release adverts and brochures beforehand so that people know what specials they are offering. This gives you the opportunity to know beforehand if the store will be having a sale on an item you are looking at purchasing.

  • Shop online

Avoid the lengthy queues by shopping online (Takealot, Loot and OneDayOnly are great options). In the wake of the pandemic, it would be better to stay home and take part in Black Friday from the comfort and safety of your own home. If you are looking to shop online this Black Friday, and you are a first-time buyer, make sure you have signed up beforehand and have given yourself some time to get to grips with how the site works so you won’t be disappointed on the day.

At Debt Movement, we know that bad debt happens to good people. We specialise in Debt Review and make it our mission to rescue people who have found themselves in financial difficulty. Our qualified debt counsellors have used the Debt Review process to help thousands of people manage their debt and find financial freedom. Please feel free to contact us today, we are here to help you on your journey to financial freedom.