The holiday season is nearly upon us. Which means you can expect to be bombarded by advertisements. Black Friday is no different.
Holiday shopping is stressful — fighting crowds. Picking the right gifts and finding good deals can be exhausting.
But for many, the worst part about holiday shopping comes from the many financial pressures the season brings. Including saving enough for all the gifts you need to buy and struggling to stick to your budget. In fact, about 60% of people say spend too much during the holiday season.
About 63% say that holiday shopping puts a strain on their finances. So here are some easy strategies you can and avoid overspending on Black Friday and Cyber Monday


Set a spending limit

Set your limits and make them known. There’s nothing wrong with doing that. Talk with your family and come up with an amount per person that makes sense for everyone. Or you can set your own limits, such as R100 per person. And let your family and friends know in advance what you’re planning to do this holiday.

Don’t Buy Something Because It’s On Sale

It can feel great to score a deal. But you only win if you need the item or were looking to buy something in particular. There’s no point in buying something because it’s on sale.
It’s tempting when you come across deals that seem like they’re unbeatable.
When you come across a great deal for something not on your list, ask yourself how you’ll feel about that item in 30 to 90 days. Would it end up stuffed in the corner of your house somewhere? In other words, do you really need to spend the money on that item?
If you feel like purchasing something, see if you can swap it out with something else on your list so you’re not overspending.

Avoid using credit

Keep in mind that while buying on credit allows you to get the item instantly, you will end up paying more in interest over time. Possibly even cancelling out the discount and causing a lot of financial distress in the future.

Track your spending

It’s important to track your spending. People often overspend and get into debt during the holiday season. They get caught up in the ongoing sales and don’t watch all those purchases. You can do this by checking your transactions, or by using the real time sale alerts.

You Can Still Get Great Deals Without Going Over Budget

Holiday spending can be great as long as you have full control over your spending habits. Even with all the Black Friday and Cyber Monday deals, it’s important to get clear on what you want and spend wisely. With this in mind, you won’t move into the new year with added debt – or guilt.
So you can avoid overspending on Black Friday and Cyber Monday , by following these tips.


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