Finance

Money Matters: Why do we spend so much on Black Friday?

Black Friday is officially a mood. 

With all the Black Friday ads, newsletters, text messages and tempting discounted prices displayed for everyone to see, even a prudent spender can be convinced to splurge on needed – and sometimes unnecessary – items.

The unanswered question however is the same every year: “Why do we spend so much on Black Friday?”

 We’ve got two major guesses: 

  1. Fear Of Missing Out (FOMO): No matter who you are, A great motivation to spend during this season is the Fear Of Missing Out on something exciting – be it amazing deals and discounts or the opportunity to own a relatively new product. 
  2. Retail Therapy: For many of us, shopping is a stress reliever. In fact, Retail therapy (and even its more intense cousin, compulsive shopping) may be more common than people realize. 

Whichever reason(s) you catch the Black Friday fever, remember that there is no satisfying Black Friday experience without Money! Don’t miss out on the Black Friday deals this year. Get a loan from us today.

Oh, and if you want to start saving money in advance for next year’s sales, you can begin today with REAP – the Rosabon Earning Plan that allows you to earn up to 12.5% per annum with as little as N10,000. 

Want to know more about getting a Rosabon Loan or earning more money with REAP?  Contact us today by dropping a message in the comments section or calling us on 0815 088 0038, 0815 088 0039, 0815 084 6659 or 0815 084 6657. You can also email us at [email protected].

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