Black Friday Savings How Much Do They Cost In The Long Run

2016-12-02   minute read

Pamela Meger

Debt Solutions

omy continues to stagger and unemployment grips several provinces throughout the country, Black Friday shopping can feel like ‘smart spending.’ If you’re spending on credit however, depending on how long it takes you to pay off your Black Friday spend, the interest accrued over time might actually outdo the savings you thought you were getting at the time. Creating a comprehensive budget to account for your holiday spending, financial obligations, cost of living and income will help you prioritize your spending and curb impulse purchases that could end up costing you far more than you bargained for in the long run. Pamela Meger, a Licensed Insolvency Trustee with MNP recently spoke with Global News about Black Friday overspending and managing debt bills as they roll in throughout the holiday season.Global News​ posted an original article on November 25, 2016.

Consultation icon