Quote from: slapper on November 30, 2023, 09:49:35 AM

Quote from: PeRo on November 30, 2023, 09:26:58 AM

Well, if you have a separate budget for every purchase/investment forms then you shouldn't have a problem with buying yourself something on a great discount - that's how I organize my finances. If you don't, then you have to be at least disciplined not to go overboard with spending money you could've used to invest (of course, spending Bitcoin directly is not wanted at all).
It all depends on how organized are you personally, it will reflect on the investments you make.

As for Black Friday, I've seen some good deals and I have made some purchases but only on stuff I already intended buying and I knew the price before so I made sure it's really a discount and not a marketing trick.
You can genuinely find some good discounts but there are also many fake discounts you should watch out for. My strategy is following the price of my wishlist items so I know if a discount is real.

It's interesting to explore the human mindset's susceptibility to amazing offers. Budgeting for certain investments or purchases is wise. Behavioral economics shows that discount excitement often trumps logical budgeting. Even with a separate budget, overspending on discounted things can lead to a psychological trap where we excuse additional purchases. This conduct, intriguingly, often reallocates monies that may have been better invested.

Your point about Black Friday is correct, yet deals are everywhere in retail today. Black Friday has become a cultural phenomenon, a shopping holiday where social excitement boosts spending. Actually, smart buyers like you can locate better bargains year-round. This begs the question: is Black Friday more about community consumption than actual savings? Deals that happen discreetly but frequently throughout the year may be more profitable.

It's indeed fascinating how the excitement of discounts can sometimes override logical budgeting decisions. The observation about overspending on discounted items creating a psychological trap is particularly relevant, as it often leads to justifying additional purchases. The notion that the social excitement surrounding events like Black Friday may contribute to increased spending raises an interesting question about the true nature of the day. Is it more about community consumption and the thrill of shopping together than actual savings?

Your suggestion that smart buyers can find better bargains year-round implies that discreet deals happening throughout the year might be more financially beneficial. Your perspective encourages a deeper reflection on consumer behavior, economic decision-making, and the role of cultural phenomena like Black Friday in shaping spending habits. It's a reminder for individuals to stay mindful of their financial goals and not get swayed solely by the excitement of discounts, considering more strategic and sustainable approaches to saving money.