Stay In The Black On Black Friday

It's consumer season! The US has just celebrated Thanksgiving, which means today is Black Friday—the time when brands and stores push us to spend, spend, spend. But are these deals really as good as they seem?

There’s a danger of overspending during the festive period, and it starts today with the onslaught of marketing boasting massive discounts, all aimed at convincing us that these deals are too good to miss.

In reality, these deals are no longer limited to just one day; they extend throughout this weekend and often the festive season. So, here's my tip for keeping your budget in check while all those tempting deals appeal to your impulse to buy: apply the 24-hour wait rule. For any purchase over £50, when you find yourself at the online checkout, pause, save the tab, and wait 24 hours. If you still want it after that, go ahead. You'll likely discover that many purchases, especially those prompted by social media posts, lose their appeal a day later. This could save you a substantial amount of money—money better spent on other, more fulfilling life experiences rather than just accumulating more stuff.

Key Articles I Have Read This Week:

• Black Friday sales can be a great time to purchase flights especially if you have a big trip planned. So for planning next year’s adventures… : Read it here

• Sticking with the Black Friday theme - make sure you’re not getting caught out by any deals: Read it here

Investment Markets This Week:

Best Cash Savings Rates This Week

Not sure where the Brits would fall on this pic? 🇬🇧