If this year’s mega shopping event is going to be the answer to your wish-list dreams, there’s only one way to go about getting a deal you won’t live to regret, and that’s having – and sticking to – a plan. Black Friday misconceptionsIgnorance is bliss, but it can land you in hot water when paired with some ill-informed card swipes. In order to get the big deals without being duped by ‘fillers’ (the less-discounted items you’re tempted to buy just because they’re on sale), you need to go in with your eyes wide open and your purse partially shut. Always keep the following in mind: 1. On Black Friday, retailers have so-called doorbusters – those are the big-discount deals being advertised to get you into the shop or on their website – but the discounts on the majority of the products are much smaller. 2. If you think Black Friday was planned for your benefit, think again. It’s intended to get you to spend money. Retailers have not reduced prices to be kind to you. Rather, it’s a chance to drive sales and increase profit before year end.3. Buying things won’t make you happy. In fact, every new piece of clutter, technology or clothing you buy can add to your worries, because it’s something that can be stolen or damaged.4. This is not your last or best chance for shopping. Ask yourself, ‘Will this purchase help me to live better and realise my dreams?’ Electronics, clothing and flashy accessories quickly become old, but a new computer for your business or a vehicle to transport your kids to school can stand the test of time. Once you’re aware of the above, you’ll be ready for the one thing that most Black Friday shoppers won’t do… Make – and stick to – a Black Friday planThe best thing you can do before the Black Friday weekend is to make a plan. One of the worst things you can do is to buy things you weren’t planning on buying and probably don’t need. You have to be able to avoid impulse purchases when the prices are low and your adrenaline is high. Stick to your plan when you find your emotions start to rise amid the Black Friday hype. For example, if you plan to spend R1 000 on a new fridge, don’t spend R1 500 on a TV. Putting your Black Friday plan togetherYour plan should always start with your maximum budget based on what you can realistically afford to part with. This means your disposable income – in other words, after you’ve paid all your bills and you have enough money for your basic needs, like food and fuel. Then, and only then, make a list of items you need that could be on sale and allocate a portion of your Black Friday budget accordingly. Now, it’s time to do your homework. Research the regular prices of the items on your list. This will allow you to make quick assessments on the day of whether or not the Black Friday deals you see are really good. Most stores also advertise their Black Friday deals online beforehand. Simplify creditIf you’re short on cash you can use credit, but for the right reasons, like buying a computer for your business to increase your income. Avoid store cards that have high interest rates and complicated payment plans with a lot of fine print. You could consider using the Capitec credit card, which offers interest rates from prime (10%). Looking for more inspiration to simplify your life? Follow Capitec on Instagram or sign up to receive our new weekly newsletter.Loading… This post was sponsored, paid for and provided by Capitec.