Debtfree Issue 202310 - DB
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BEWARE BLACK FRIDAY HYSTERIA<br />
WHY<br />
BLACK FRIDAY?<br />
The name "Black Friday" is said to have come from the<br />
idea that retailers’ financial records would go from<br />
being "in the red" (where in the olden days people wrote<br />
losses in red ink) to being "in the black" (indicating<br />
profits) on this day due to the high volume of sales.<br />
It has become a significant event for both retailers and consumers and<br />
social media and sales emails can really get you all hyped up to spend,<br />
spend, spend.<br />
It is shopping FOMO on steroids.<br />
When everyone around you is spending and talking about the amazing<br />
deals they got, it can be hard not to just join in, even if you can’t really<br />
afford it. This is why it can be difficult for those sticking to a budget to<br />
avoid giving in and splurging on something nice even if they do not<br />
really need it or really need it now.<br />
But the retailers are eager to get you in their stores spending all your<br />
money so they can go from being ‘in the red’ to ‘being in the black’.
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