GERALD ON CAPETALK 702: Black Friday 2020

Even banks and insurers are in on the consumerist orgy, says Certified Financial Planner (CFP) Gerald Mwandiambira. SALE! DISCOUNT! DEALS! BLACK FRIDAY! BLACK NOVEMBER! CYBER MONDAY! November is the new December and retail mania is here (Pandemic? What pandemic?) There will be lots of deals, Black Friday is great IF you planned and budgeted for it. Africa Melane asked Certified Financial Planner (CFP) Gerald Mwandiambira what to consider before pouncing on a deal. Before you bite off more than you can chew, consider that much uncertainty still exists regarding the nascent economic recovery. Will a second wave of Covid-19 infections kneecap our economy once more, or will we avoid the fate of so many other countries that are suffering yet again? We just don’t know, so it’s best to chase deals only if you have surplus cash. Mwandiambira reminds “consumers” to look out for financial deals as some banks and insurers also have offers ahead of Black Friday.