Ask someone about the 11.11 sale and they would probably talk about the event as if it were a special holiday. From staying up until midnight to the overflowing abundance of gifts, it may as well be Christmas already! But in case you’ve been MIA on all things digital and missed the magic that is this sale, don’t fret! We’re about to give you a quick rundown on the anticipated event:
The 11.11 sale is one of the biggest sale events of the year. Falling on November 11, e-commerce brands slash the prices of their products giving consumers great deals when making purchases. From clothes to appliances and even food, every category joins in. Whatever it is you want to buy, now is the chance to grab it. After all… you “deserve it”!
However, like all things, this special day also has its own cons. It’s very easy to overindulge in purchasing products due to the appeal of their prices. You may find yourself under a mountain of bills and purchases you should not have made by November 12.
So, to guide you, here are things to consider before deciding to splurge this 11.11:
Do you really need this?
Weigh the value of each product you are about to buy. Do you really need it, or are you simply giving in to a sense of urgency from the sale? Think hard about each item without factoring in the fact that it’s discounted and evaluate if it really is needed.
Slashed prices make each thing you want to buy appear shinier and more attractive than ever. But in the long run, you might find these things to be stuck in a cabinet somewhere or simply in a corner collecting dust. Point is, you end up buying useless or non-essential things in the name of the sale.
In fact, we often tell ourselves, “Actually, nakatipid ka pa kasi nga mas mababa yung price.” That’s understandable for what you see when buying things at a slashed price is the 20 or 40 percent discount you’ll get. But in reality, you’re paying 80 or 60 percent more than what you would have if you’re buying something only because of the sale.
Is this the best deal possible?
The previous point discussed the internal factors when making a purchase: what the item’s worth is to you. This next idea will talk about the external factors: are you getting said item with the best deal? Hey, it’s already a sale, might as well ensure that each purchase is bought at the absolute lowest price it can be! How do we achieve this? Research.
It’s important to canvass and strategize for this event because all platforms and brands will be having their own sales and promos. The ball is in your court to decide which plan of action is the best to take and make the most of your money (yes, it’s this serious).
One of the easiest things to do is to compare and contrast prices of things you want to buy on each platform. Check which one offers the item you want to buy at the lowest price, and voilà, you’ve just saved yourself a few pesos! Next is the time. Did you know that there are bigger sales and vouchers only limited to certain times of the day? Be on the lookout and then set an alarm for your chosen hour where great bargains will pop up. Finally, look at your payment getaways like credit cards or e-wallets, you may not notice but they also have their own promos that could be used this coming sale!
Would it be worth more to just save?
Lastly, before spending a considerable amount of money this 11.11 sale, maybe you can consider just staying put and not even spending most of your money at all! A little extra money in your pocket can go a long way when you factor in the current economic landscape, the possibility of emergencies, or just the comforting feeling of having more money saved.
All in all, the key approach to this 11.11 sale is to shop responsibly. Of course we all deserve to treat ourselves every now and then, but like all good things, it should still be enjoyed in moderation so we don’t regret our actions when enough time passes.
Happy 11.11 sale! Abba once said “money must be funny in a rich man’s world,” but here in real life, it’s a gem that only a few get the privilege to spend in excess.
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