Black Friday is seen as the best time to go on a shopping spree as many retailers promise massive discounts on a variety of products.
Consumer specialist, Megan Power advises that consumers should be careful when buying on credit as the possibility of a downgrade looms.
Two ratings agencies, Standard & Poor’s and Moody’s, are preparing to release their ratings review on Friday and many people might find themselves in serious debts.
You have to be very careful when buying on credit.— Megan Power, Consumer specialist
If you don't have cash available just know you cant afford it.— Megan Power, Consumer specialist
Power gives the following advice to consumers ahead of Black Friday.
Ask yourself if do you need it?
Take a list to avoid buying unnecessary things
Remember January is a terrible month of the year and you have school fees to pay
- Stockpile on the things you need
To hear more consumer tips from Megan Power, listen below:
This article first appeared on CapeTalk : If you don't have available cash, you can't afford Black Friday