Recent research from Barclays LifeSkills revealed that over a quarter (27%) of UK adults have faced financial issues or avoided financial tasks in the past year due to low confidence with numbers, while 43% of UK adults believe their finances would be stronger if they had better number skills – so, if you’re feeling the pressure, you’re definitely not alone.
But new research and tips from MoneySavingExpert.com and Martin Lewis, National Numeracy ambassador, are here to make sure we all get off to the best start when scouring the sales.
Are Black Friday prices actually cheaper than pre-Christmas sales?
MoneySavingExpert.com looked at the prices of 50 popular items from last year’s Black Friday and pre-Christmas sales. They found that the biggest discounts were available on Black Friday, with 37 of 50 items having lower prices. Martin says:
"The idea that Black Friday discounts are a complete washout is not backed up by our data – compared, that is, to other prices in the run-up to Christmas. Yet that doesn't mean it won't be cheaper at other points of the year. Ironically, the best time to do Christmas shopping (apart from for perishables) is likely to be in January.
"Most people don't do that though. So if the item you've been planning to buy has a decent discount on Black Friday, and you need it by Christmas, the chances are you should buy it. Waiting to see if it gets cheaper in the pre-Christmas sales will more often than not be fruitless."