What is El Buen Fin?
El Buen Fin is a Mexican initiative based on the Black Friday of the United States, which takes place on the last Friday of November. Black Friday puts everyone in the lead with their sales of up to 50% off. That day people do not sleep and wait outside the stores because the objects fly.
In Mexico, this still does not happen because there is still a need for businesses to provide better discounts for better products. However, with each year El Buen Fin is growing more and more and better things are expected for this year; so, if you want to encourage you to see what you can find in El Buen Fin, in Finerio we give you 5 valuable tips so you can make the most of your money and demand the best price for the best quality.
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1. Plan your purchases
Do not go to the Good End just with the idea of seeing that you are and if you like what you buy. Big mistake! Before poking your nose at shopping centers and stores, write a list of the things you really need and what you have to buy. Maybe you think it’s boring because it would only be things like super, medicines, household items, etc. Excellent! Did you know that shopping centers such as Wal-Mart and Farmacias del Ahorro will participate this year? Also dental clinics, furniture stores and self-service stores. You can check the list of participating shops on the page www.elbuenfin.org
After you have the most relevant things you can think about things that you would like to buy and maybe you will need soon: clothes, shoes or technology. Make a list of what you need most and prioritize.
2. Define your budget
Now, since you have your list, determine how much money you can allocate to the items you would like to buy. That is, if you want to buy a room, set a budget limit for that. If you want a pair of t-shirts and pants, how much money would you be willing to pay? Stick to that budget and look for the best deals.
Do not let yourself be carried away by the excitement of purchases and excessive expenses. Remember that in the end your portfolio will resent what you spent and you will have to pay.
3. Be a demanding buyer
When buying, look for products that really have offers. Do not buy expensive items that are disguised with offer prices. Unfortunately in El Buen Fin most of the businesses offer few offers that are worth it, if you do not convince the “offer” that they are giving you better choose to go to another establishment. Perhaps this is how stores begin to offer better discounts to their consumers.
According to a Deloitte survey, 52% of Buen Fin consumers believe that the discounts are the same as other events such as night sales, annual sales and end-of-season sales. Do not let them see your face!
4. Opt for discounts on payment facilities
The most popular benefit of El Buen Fin is the payment facilities: months without interest on your purchases. But is it really a benefit? Maybe you just end up in debt for an item you did not need. Remember not to sacrifice the peace of your future days for a whim of today.
The best benefit you can get from Buen Fin is to find good discounts. Do not! Perhaps the best thing is to find great discounts for months without interest. How about?
Although we only recommend you use the months without interest when you are going to buy something that you really need and that means a good investment for you. Do not use that option for anything because in the subsequent months it will mean a flight of your income.
5. Do not abuse your credit card
This is very linked to respecting your budget. If you respect your budget you will not have to abuse your credit card. However, we remind you that the credit card is not an extension of your salary, it is money that you will pay someday, do not forget about the next expenses that you will have to do: Christmas, New Year, gifts, vacations, etc. Do not let the January slope be waiting for you. Better avoid it.