sAnd you need to shop (and save) that item for you. explain Doctor in Finance🇧🇷

The personal finance company explains six concepts and terms associated with savings so that consumers can make informed decisions. Take note:

1. Are the credits really credits?

“The first myth is sales. It is important to be aware of sales seasons. Until a few years ago, there were only twice a year when this type of sale was allowed. This is not the case and commercial districts can do it for that whenever they want. It is understood that sales are Discount campaigns with a higher percentage, i.e. at least 30% off.”

2. Purchases on “VAT-free days”

There is another “myth” called “VAT-free days”. Some business districts run a campaign called “VAT-Free Days” two or three times a year. As a rule, this is a short-term campaign, for, say, two or three days, and for the most part, they work in a way that many consumers are not aware of, and end up saving less than they think they are saving.”

3. Black Friday and Internet Monday

“In these campaigns it is possible to save a lot, but it is also necessary to be aware of the prices of the products. The thing that often happens in this type of campaign is the increase in the price of the goods. Slightly, therefore, when buying “on sale”, the consumer thinks that he is getting A big discount, when in fact it is not.”

4. “Take 3 Pay 2” or shop with promotions

“Sure, in supermarkets, you have already come across promotions like ‘Get 3 pay 2’ or ‘Get 2 pay 1’, among other similar types. This type of promotion can be very useful, especially in large families. .Be aware of that some characteristics.”

5. The percentage of discounts on the customer card

“Another way to save that may not match what you expect 100% is the percentage of discounts on a customer’s card. Currently, it is common for the discounts to be on the card or receipt rather than direct. That is, if the product has a 20% discount on the Customer card, it means that at the time of purchase you pay the full amount and then you get 20% of the amount in the form of credit on the customer card.

6. Discounts on purchases over a certain amount

“Last but not least, we have discounts with a minimum purchase amount. For example, if you buy over 50 euros, you will receive an instant discount of 10 euros. This kind of promotion is, in fact, beneficial, as long as, like, you don’t spend money, just to enjoy the discount.

Read also: Black Friday Special. Are the discounts worth more online or in-store?