Black Friday came to Poland from the USA, where it has been celebrated for over half a century. It falls on the first Friday after Thanksgiving, i.e. 2021 November 26. Another Monday after it is Cyber Monday (October 29, 2021), which offers online shopping promotions.
Although Black Friday 2021 and Cyber Monday 2021 fall at the end of November, this year promotional campaigns flood the Internet, radio and television from the beginning of the month. It’s not a coincidence. World sales in this period, compared to normal days, increase by up to several hundred percent. Price reductions apply to almost everything – home and garden equipment, household appliances, sports and automotive equipment, clothing, cosmetics and electronics.
Black Friday – what rules of safe shopping should we follow?
– Black Friday, Black Week and even Black November – shops encourage shopping, and we are tempted. We often spend money in a rash, on the spur of the moment, which can affect our home finances. Let’s use the promotion, but in a thoughtful way – let’s make a list of the things we need. Let’s check whether the bargain prices offered actually differ from those in force on a daily basis. And above all – let’s not spend more than the home budget allows. We should remember that purchases during these promotional periods should be well thought out, otherwise the purchase installments may become debts that will later be difficult to pay off – says Marcin Czugan, President of the Management Board of the Association of Financial Companies, an organization that implements the “Debt Collection? Clear Case!” Campaign.
Black Friday 2021. So many Poles do on Black Friday. Then they have a problem
Experts from Adobe Analitycs predict that “Black Friday” will reach $ 10 billion in the US this year. online sales and could stay ahead of Cyber Monday. Every second person thinks that it is possible to get the best prices online these days.
The data of the 2019 BIG InfoMonitor Debtors Register are, however, merciless. Poles have borrowed over PLN 1.3 billion from unpaid sales and installment purchase contracts. A significant part of these expenses is realized in the autumn due to increased advertising campaigns and in connection with the upcoming holidays.
According to the report of the Union of Financial Companies (ZPF), prepared at the end of the third quarter of 2020, as much as 58 percent of the respondents – despite the crisis and pandemic – declared their willingness to spend and take out loans for everyday objects.
When shopping, we often don’t check if we can afford it
Almost every fourth Pole taking out a loan does not consider whether he is able to pay it back – we read further in the ZPF report. The main reason for such behavior is the desire to buy immediately. On the other hand, borrowing money has become commonplace and the decision to take out a loan is often made on an impulse. It is also worth paying attention to the psychological aspect. Uncertainty and the increase in the incidence of coronavirus causes us fear and anxiety. We buy to improve our mood. Unfortunately, this is a deceptive impression. You have to be careful that such behavior does not become a habit that relieves anxiety and stress, and also leads to addiction to shopping and makes us make ill-considered decisions more and more often.
– Unfortunately, “virtual” money often seems easier than the money in your wallet. Additionally, many sellers attract us with attractive offers. And there are more reasons to buy, for example, electronics in the era of home office and distance learning than before. Before buying, always ask yourself “Can I afford it?” – adds Marcin Czugan.
Debt payment – you can get help
What if we incurred a debt during the fall promotions, which we will have a problem paying off or we already receive debt repayment reminders from the previous Black Week? In such a situation it is better to talk openly with specialists from a debt collection company that will help us determine the rules for repayment of the existing debt. It is possible, among others spreading the repayment into convenient installments, tailored to the client’s budgetary capabilities or extending the repayment period, and thus – lowering the amount of installments in the period agreed by the parties. The sooner we pay off the debt, the sooner we can think about shopping again during Black Friday and other seasonal sales.
Black Friday 2021. How to prepare for the sale? What do you need to know in order not to overpay?
Black Friday 2021 and consumer rights. Can the discounted goods bought in the store be returned?
Warranty, return, complaint, warranty – what are your rights as a consumer?
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