Streaming issues? Report here
Just the Hits generic CapeTalk Just the Hits generic CapeTalk
Just the Hits
10:00 - 11:00
volume_up
volume_mute

Up Next: Inside EWN
See full line-up
Just the Hits
10:00 - 11:00
Home
arrow_forward
MyMoney Online

Black Friday: Tips on ACTUALLY saving money (versus 'saving' yourself broke)

11 November 2020 10:35 AM

Even banks and insurers are in on the consumerist orgy, says Certified Financial Planner (CFP) Gerald Mwandiambira.

SALE! DISCOUNT! DEALS! BLACK FRIDAY! BLACK NOVEMBER! CYBER MONDAY!

November is the new December and retail mania is here (Pandemic? What pandemic?)

There will be lots of deals, Black Friday is great IF you planned and budgeted for it.

Africa Melane asked Certified Financial Planner (CFP) Gerald Mwandiambira what to consider before pouncing on a deal.

© lightfieldstudios/123rf.com

Related articles:


Before you bite off more than you can chew, consider that much uncertainty still exists regarding the nascent economic recovery.

Will a second wave of Covid-19 infections kneecap our economy once more, or will we avoid the fate of so many other countries that are suffering yet again?

We just don’t know, so it’s best to chase deals only if you have surplus cash.

Mwandiambira reminds “consumers” to look out for financial deals as some banks and insurers also have offers ahead of Black Friday.

It’s literally become ‘Black November’…

Gerald Mwandiambira, Certified Financial Planner - Sugar Creek Wealth

If you didn’t plan to spend, stay away because you’re going to be lured by the marketing… Play Black November with caution… you might end up in debt…

Gerald Mwandiambira, Certified Financial Planner - Sugar Creek Wealth

Remember, on these Black Friday specials, retailers get rid of stock…

Gerald Mwandiambira, Certified Financial Planner - Sugar Creek Wealth

If you can get a premium reduction on insurance, those are the specials you should look out for…

Gerald Mwandiambira, Certified Financial Planner - Sugar Creek Wealth

It’s a heavy year… Do you really want, in a year like this, to be splashing money… when there’s so much need in South Africa?

Gerald Mwandiambira, Certified Financial Planner - Sugar Creek Wealth

We’re still anticipating a second wave of Covid-19… Rather budget and prepare… spend on something you would normally spend on… Stay away from non-recurrent expenditure… Buy stationary… Electronic gadgets may not be wise, especially in a year like this.

Gerald Mwandiambira, Certified Financial Planner - Sugar Creek Wealth

Listen to the interview in the audio below.


11 November 2020 10:35 AM

More from MyMoney Online

JSE Johannesburg Stock Exchange 123rf 123rfbusiness

Economy in 2021: 'Expect a better year for South African assets'

15 January 2021 3:02 PM

An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.

Share this:
Read More arrow_forward

Funky hipster retired older mature couple 123rf 123rfbusiness retirement

Retirement funds in SA are changing – new laws come into effect on 1 March 2021

15 January 2021 1:23 PM

Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.

Share this:
Read More arrow_forward

Profit interest yield growth

How to buy your very first share – even if you have mere cents to invest

13 January 2021 3:04 PM

You can buy R1 (or even one cent) worth of shares. "The key to getting started is to get started," says Charles Savage.

Share this:
Read More arrow_forward

Happy woman new car vehicle motoring 123rf 123rfbusiness

Buying a new car may be possible – even if you can’t afford the monthly payments

13 January 2021 10:49 AM

Need new wheels? WesBank’s Lebogang Goaaketse discusses a popular method for making repayments more affordable.

Share this:
Read More arrow_forward

black-family-house-for-sale-sold-property-household-investment-bond-rent-123rf

Buy hugely discounted properties (up to 70% off) on auction right now

11 January 2021 7:23 PM

Distressed properties on auction are going for a song. Bruce Whitfield interviews property economist Francois Viruly.

Share this:
Read More arrow_forward

Happy child getting vaccine vaccinated Covid-19 flu influenza 123rf

Free Covid-19 vaccine for all medical aid members – Discovery CEO

6 January 2021 9:01 AM

"It’s mandatory for medical schemes to pay for for the Covid-19 vaccine," says Dr Ryan Noach, CEO at Discovery Health.

Share this:
Read More arrow_forward

Bitcoin 123rfbusiness 123rf

'You can buy Bitcoin for as little as R10'

5 January 2021 12:55 PM

"Over the last month, it’s up 67%," says Farzan Ehsani. "Over the last year, it’s up 293%. These are dizzying numbers!"

Share this:
Read More arrow_forward

Bitcoin pacman eating US dollar dollars cryptocurrency cryptocurrencies 123rf

Should you buy Bitcoin right now? A handy 3-point checklist…

4 January 2021 2:31 PM

You may be missing out on riches beyond your wildest dreams. Or not. Here’s a 3-point checklist to guide your decision.

Share this:
Read More arrow_forward

renting letting property tenant landlor 123rfproperty 123rflifestyle 123rf

Renting and letting property – how to determine what's fair to charge or pay

29 December 2020 12:03 PM

"There’s a huge supply of properties for rent," says Tamira Gumzburg on determining what a market-related rental is right now.

Share this:
Read More arrow_forward

mechanic-car-parts-repair-vehicle-maintenance-service-auto-manufacturers-123rf

Service your car wherever you want without losing your warranty

15 December 2020 2:41 PM

"There’s no real reason why people shouldn’t be able to shop around," says Tembinkosi Bonakele (Competition Commission).

Share this:
Read More arrow_forward