Today is that dark day when many people go shopping for things they don’t need with money they don’t have. It’s a have-to-do thing for many I suppose. The feeling of ‘I’ll miss out’ is very overpowering for some. If it is something you really would use or need anyway, then that’s good.
The slogan that always bother me, is: ‘Buy this for only R1,999 and save R500.’ We don’t save by spending. It doesn’t make sense. You didn’t save it – you simply didn’t spend it.
But how it is possible – to save the savings if you really needed to buy that thing – is to actually ensure you put that R500 somewhere, because you would have spent it on this thing when the price was higher. So move another R500 into your home loan account, or put it into your motorcar HP, or let’s add it to one of your investments, or continue to build the cash you keep in a savings account for emergencies. These things would be saving the savings.
The biggest winners today are probably the banks, because so many folk will shop with money they don’t have, meaning they spend on their credit cards, which is borrowing money from the bank who then charge us interest.
Me… I don’t do crowds or queues very well. So I’ll just hide indoors today and avoid the shops.