If you don't have available cash, you can't afford Black Friday

Black Friday is seen as the best time to go on a shopping spree as many retailers promise massive discounts on a variety of products.

Consumer specialist, Megan Power advises that consumers should be careful when buying on credit as the possibility of a downgrade looms.

Read: 7 Cybersecurity tips for online shoppers this Black Friday

Two ratings agencies, Standard & Poor’s and Moody’s, are preparing to release their ratings review on Friday and many people might find themselves in serious debts.

Read: 7 tips to help you survive this Black Friday splurge

You have to be very careful when buying on credit.

Megan Power, Consumer specialist

If you don't have cash available just know you cant afford it.

Megan Power, Consumer specialist

Power gives the following advice to consumers ahead of Black Friday.

  • Ask yourself if do you need it?

  • Take a list to avoid buying unnecessary things

  • Remember January is a terrible month of the year and you have school fees to pay

  • Stockpile on the things you need

Read also: Black Friday is a thing, because everyone wants to be happy (and it’s not easy)

To hear more consumer tips from Megan Power, listen below:


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