Old Mutual advises smart spending ahead of Black Friday

As Black Friday approaches, financial experts are urging shoppers to plan their purchases carefully amid rising living costs.

Experts have recommended creating a shopping list, comparing prices, and avoiding impulse purchases or unplanned credit. They caution that not all deals, especially on big-ticket items, offer real savings.

Mignon du Preez, Group Marketing, Public Affairs, and Sustainability Executive at Old Mutual Namibia, says shoppers should focus on essentials like groceries and consider how overspending now could impact budgets for the festive season.

By planning carefully and prioritising needs over wants, consumers can make the most of Black Friday without compromising their financial stability.