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The Black Friday promotions have started and, along with the Santa Claus figures, more and more high-value products that are a successful gift appear in stores. However, this year’s shopping season is likely to be different from previous ones due to the coronavirus epidemic.
It is also clear from the data already released that the pandemic has broken the steady growth in retail sales seen in previous years. According to CSO data, the growth was 7 percent last year and 6 percent last year, but in the first nine months of this year the surplus was only half a percent per year.
The caution appears to be that sales of products that can be deferred, such as clothing, shoes, technical items, furniture, computer equipment, have declined after last year’s increase.
In times of crisis, part of the population postpones shopping
– points to money.hu’s compilation on the Black Friday period and personal loans.
Despite switching to the prudent mode, many start to spend with personal loans, with a secure job and a high income behind in the long term.
What effect does inflation have on the life of a family? We present it month by month through four homes.
What do you need to pay close attention to?
Product promotions also appear during the promotional season, but it is recommended to handle them with care, even if they seem favorable at first glance. The downside to commodity loans is that the amount can only be spent on the given product; furthermore, the given merchant has a good chance of choosing between one or very few commodity credit plans.
– points out the communication manager of money.hu. However, Judit Németh-Simkó also warns that the THM ceiling introduced among the debt protection measures is only valid for personal loans until the end of the year, so current loan applicants should take into account the THM valid at from January at the latest, which will determine the monthly fee. .
According to the expert, they can save hundreds of thousands of guilders if they choose carefully:
In the case of a 5-year personal loan of HUF 1.5 million, a total savings of up to HUF 300-400,000 can be achieved by choosing the best rather than the most expensive.
According to data from money.hu, in mid-November, the monthly installment for the cheapest 5-year personal loans of HUF 1.5 million was HUF 30,000, and a total of 1.8 had to be repaid to the bank. million HUF. In the case of the most expensive constructions, the same monthly depreciation can be from 37 to 38 thousand guilders, which the amount to be reimbursed can reach up to 2.3 million HUF. This is why a thorough supply review is important Warn financial analysis.
(Cover Image: Denis Doyle / Getty Images Hungary)
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