Shoppers issued warning over ‘biggest Black Friday mistake’ that ‘99% of people make’

Shoppers Beware: Expert Warns of Common Black Friday Mistake

As Black Friday approaches, shoppers are urged to be cautious before splurging on supposed deals. Retailers have already started rolling out discounts on a wide range of products, even though the official day is tomorrow. From fashion to tech, numerous items are available at reduced prices not only on the main day but also in the lead-up to it.

However, a financial expert has highlighted a common pitfall that could leave consumers in a worse financial position. Louis, a TikTok content creator, identified the “biggest Black Friday mistake” that “99% of people” make every year. He pointed out that while sales can offer discounts of up to 90%, many shoppers end up purchasing items they neither need nor wanted in the past.

Louis advised consumers to create a list of desired items and only purchase those if they go on sale. Falling outside this list could lead to unnecessary spending on unnecessary products. His video garnered attention, with users sharing experiences of businesses potentially inflating prices in the lead-up to Black Friday, rendering the discounts not genuine.

As the UK is expected to spend a staggering £3.8 billion over the Black Friday weekend, financial influencers like Emma Edwards from @the.brokegeneration have advised followers that missing out on seemingly tempting deals may not be as regrettable as it seems. She emphasised that passing on deals that are not essential is a wise financial decision in the long run.

In conclusion, shoppers are encouraged to approach Black Friday with a strategic mindset, focusing on needs rather than succumbing to the allure of seemingly massive discounts.

Insights:
This article sheds light on the common trap consumers fall into during the Black Friday shopping frenzy. It emphasises the importance of mindful spending and prioritising needs over impulsive purchases. By following expert advice and being discerning in their shopping habits, consumers can make the most of Black Friday without falling prey to unnecessary spending.