Martin Lewis warns shoppers about Black Friday: "If you were going to buy it anyway and it is half price, you have saved 50 percent. If you were not going to buy it but you did it because it was half price, you have wasted 100 percent." His advice is clear that only make purchases you truly intend to follow through with, as promotion-induced buying can lead to financial regret.
In a cautionary tone, Martin Lewis emphasized that shoppers should "stay calm today. Use a list, don't let them tweak your impulse spending nipples. Buy what you need and want not what they want you to buy." This highlights the essence of mindful purchasing amidst aggressive marketing tactics.
Regarding Premium Bonds, NS&I has announced a drop in the prize fund rate to 4%, down from 4.4%, which is disappointing news for savers who rely on these investments for returns. Andrew Westhead stated: "We carefully review our savings rates based on market conditions to ensure competitive returns for our customers."
With the decreased Premium Bond rates, Lewis underscores that savers should stay alert about the value of their investments and the changing landscape of interest rates, especially during uncertain economic times.
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