Black Friday shoppers urged to pay using one method on big purchases
25.11.2022 - 15:25
/ dailyrecord.co.uk
A finance expert has issued advice for Black Friday shoppers this year as he recommended one way of paying for expensive orders.
The final Friday in November sees thousands of retailers drop their prices in what is one of the busiest shopping days of the year. Often continuing through to Cyber Monday, many people choose to take advantage of the sales for their Christmas presents.
But in order to stay safe while shopping online and to help spread the cost, a money specialist has told shoppers exactly how they should pay for any big purchases.
Salman Haqqi, personal finance editor from money.com, has revealed that you should always pay for anything expensive using a credit card - especially if you expect to spend more over Black Friday weekend than you normally would.
This offers protection on faulty items that you wouldn’t get from the retailer alone and can also help you spread out the costs when your wallet takes a hit.
"It's important that you don’t get swept up in the excitement of the sales and marketing of big discounts," Salman commented.
He also warned shoppers not to assume every deal is a good one.
Salman explained: "It's easy to assume that the discounted price will give you a decent saving, but many retailers will mark up their prices ahead of the sales, only to knock a percentage off. The perception is that you are then saving money on the item, but in reality, it may have been a similar price before."
The expert told consumers how to judge if something is a true discount, saying: "The best way to ensure you're getting the best price is to head straight to the source and check the manufacturer's website for the true cost.
"Assuming all retailers use the same selling tactic of upping the original price ahead of