Offers and discounts: how to take advantage of the sales period without spending too much?

The last period of the year is approaching when many offers And discountsHowever, they are not always as good as they lead us to believe and without proper spending planning, we find ourselves in debt and start the next year with endless payments. So below we will tell you how you can make the most of sales without you. find themselves without money.

During the month of November 2023, the Good end from November 17 to 20 and the 24th is the Black Fridayat a time dates on which various commercial establishments discount their goods by offering them to customers low price and promotions that are not seen all year round.

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How to take advantage of the sales period without spending more?

According to the Mexican Online Sales Association (AMVO) in 2022, only the Good end This generated an economic profit of 134 billion pesos in sales. These data highlight the extent of the impact of these dates on the economy, not only in terms of consumption, but also in terms of boosting the market and generating temporary jobs.

To make the most of this discount season and manage your personal or business finances wisely, Coperva recommends adopting five financial tips to make the most of this season:

Planning and budgeting

Planning is the foundation of any successful financial strategy. Before launching into tempting offers, it is essential to set a clear and realistic budget. Keep in mind which items are priority, how much you’re willing to spend, and which deals are truly profitable. The above will help avoid impulsive spending and control cash flow.

Price search and comparison

Before making any purchase, it is advisable to research and compare prices. In the digital age, there are many online tools and platforms that make it easy to compare prices from different stores. This practice will allow you to identify genuine offers and ensure you get the best price for a product or service.

Strategic use of credit cards

Using credit cards can be a powerful tool during discount season, as long as they’re used responsibly. Taking advantage of cashback offers or points and loyalty programs offered by certain cards can offer additional benefits; However, it is essential to maintain a financial balance between expenses and income.

Prioritize needs over wants

It is essential to differentiate between real needs and momentary desires. “During the discount season, it’s common to feel pressure to buy products that aren’t really necessary. Staying focused and avoiding the temptation of impulse purchases is essential to maintaining healthy finances,” explains the CEO of Coperva.

Be careful with debt

Deals and discounts may be tempting, but accumulating unnecessary debt can have a negative impact in the long run. If you are using credit, it is essential to ensure that you can repay your debts without compromising your future financial stability. “With careful planning, a strategic approach and discipline, it is possible to get the most out of these deals without compromising long-term financial stability,” warns Ramírez.