Disclosure: This is a partnered post with Tangerine Bank. However, all opinions and views on this post are 100% my own.
November should be called “Black November” because of all the holiday shopping deals during the entire month. I have seen pre Black Friday sales since the start of November. Regardless – Black Friday and Cyber Monday are big holiday spending times. As Canadians, we normally celebrate ” Boxing Day” on December 26, 2019 but now we are as into Black Friday as much as the Americans.
Have you been waiting for #BlackFriday deals? Will you waiting in line on BlackFriday to try and get the door crasher deals or will you be making your purchases from your laptop or mobile device? What is on your list? I need a new mobile phone because mine is broken. I am waiting to get the best deal possible. Do you have a list of items on your holiday shopping list that you will purchase or do you think you might spend money on items you find a great deal on? I have a holiday spending budget so I am going to do my best NOT to overspend this holiday season. And I most certainly do not want to overspend before I complete my holiday shopping list. November is also Financial Literacy Month in Canada, so it is a great time to get smart about your money!
- In a recent survey conducted by RetailMeNot.ca, 55% of Canadians polled said that they were looking to shop for holiday gifts over the Black Friday and Cyber Monday weekend.
- Of those polled in the RetailMeNot survey, 45% are planning to spend between $250 and $900 during Black Friday and Cyber Monday, with a reported average of $738.
- According to Rate.ca More than half (60 percent) of families with children reported overspending on the holidays last year.
- Canadians will spend an average of CA$1,593 for the 2019 holiday season, slightly up from CA$1,563 (or 1.9%) in 2018, according to PwC Canada’s Holiday Outlook report
- Eight out of ten Canadians plan to spend the same or more this holiday season and they are likely to focus the majority of their spending on family ($869), followed by indulging themselves with a few gifts ($537), gifts for friends ($118), pets ($40), and others ($29).
Credit Savvy should be top of mind!
With holiday shopping well underway, being #CreditSavvy should be top of mind. Learn more at our #CreditSavvy Twitter Chat on November 21, 2019 at 8:00pm ET.
Credit Savvy Twitter Chat
Date: Thursday, November 21, 2019
Time: 8:00pm ET – 9:00pm ET
No RSVP Required
$500 in prizing!
Rules & Regs: Click here
Anyone can participate in the #CreditSavvy Twitter Chat. Only residents of Canada, excluding those in the province of Quebec can win prizes.Tweet