Good End 2020: How you can prepare

Due to the pandemic, the interest-free monthly savings and purchase event will run from November 9 to 20.

Due to the health emergency generated by COVID-19, this year's edition of El Buen Fin will seek to avoid crowds that could put the health of buyers and people who work in stores at risk. For this reason the duration of the event was extended to 12 days. Fabulous!

Just to control the number of people entering the stores, one person per family will be allowed access as long as they have a healthy body temperature and wear a mask at all times.

The stores will also apply many health security measures so that customers can shop safely.

The truth is that, due to the pandemic, the most convenient thing would be to do our shopping from home.

According to the Mexican Association of Online Sales (AMVO), it is estimated that online sales will represent 30% of what is collected during El Buen Fin this year. The association also estimates that five in 10 shoppers plan to spend more money shopping online than in physical stores. Ideal option for those who like to buy with the same conditions, or better, than physical stores.

If you are going to buy online, to avoid being a victim of fraud, type the full address of the store you want to visit in the navigation bar, do not use public computers or unsafe Wi-Fi networks, review the conditions of purchase, do not share unnecessary data To purchase a product, check the movements in your bank account through your bank's App or through online banking.

Returning to purchases, in addition to discounts, the Association of Banks of Mexico (ABM) has indicated that banks will offer up to 24 months without interest in the use of credit and debit cards, double and triple reward points, reductions in applicable rates, and discounts on auto, life, home and personal insurance, as well as monthly payment bonuses. Super!

One of the advantages for credit card users that exist in campaigns such as El Buen Fin is the possibility of being able to pay months without interest, which allows the consumer to buy without losing capital. What you need to be clear about is that you are committing to pay a fixed amount each month until the end of the financing term, which implies having to reserve a part of your income for this purpose.

An additional way to get more out of your credit card is by going to department stores, which in many cases allow you to transfer your points to an electronic wallet with an additional bonus so you can make purchases in that establishment. The same is true of many other loyalty plans such as airlines.

If you plan to make purchases before, during or after El Buen Fin, don't forget to first make your list of priorities and your budget so you don't go overboard.

When you know how much you can spend, compare products and prices in different stores so that you always take home or better at the lowest price.

And always remember to take the necessary measures to take care of yourself from COVID-19.