Cleo Is Boycotting Black Friday

... And because you could win $500.

‍Is the over-hyped shopping holiday really the best time to score deals? Or is that what they want you to think?

Hint: it’s the second one.

Look, we know how tempting these so-called deals can be, especially when corporations are shouting at you from every direction that these are the best prices you’ll find all year. But the thing is… they’re literally lying.

Join in as Cleo busts the biggest Black Friday myths so you can sit this one out and save yourself some money.

‍

🛍️ MYTH #1: Black Friday is the best time to score high quality products at doorbuster prices.

‍DEBUNKED! Companies actually work with manufacturers to produce sh*ttier versions of popular products just to sell on Black Friday. It may look like that TV is majorly marked down, but really it’s actually just cheaply made (on purpose).
‍

🛍️ MYTH #2: Black Friday and Cyber Monday prices are the lowest you’ll find all year across the board.

DEBUNKED! It’s been shown that the same products you see on sale will be available for the same prices or cheaper within 6 months of Black Friday. Sometimes stores even hike up the prices of goods in the months leading up to Black Friday so that the deals seem extra enticing.
‍

🛍️ MYTH #3: Even though shopping in-store will be madness, this is still the best time of year to shop online.

DEBUNKED! 2022 has seen major supply chain issues globally. This has meant big shipping delays and product shortages for online shoppers, which will only be exacerbated by the massive amounts of orders being placed on Black Friday and Cyber Monday.
‍

🛍️ MYTH #4: With rising inflation and cost of living, you would be a fool to miss out on Black Friday savings.

DEBUNKED! Inflation has driven the prices of all goods up by ~8%, meaning those final deal prices you see are higher than ever. Especially if you’re shopping strategically for a replacement to something you already own, you would be smart to wait a while.
‍

So now that we’ve gone full Mythbusters on you, let’s talk logistics. What do you need to do to join the boycott? Nothing, really.

‍Just don’t shop on Black Friday, and you could win $500 ✨

‍We will need to see your spending for this to work, though. That’s where Cleo comes in.

‍

💙 To enter:

1. Download Cleo from the App Store or Google Play and connect your bank account
2. Type “boycott Black Friday” in the app to get schooled on why capitalism’s favorite holiday is a scam
3. Take a screenshot and share to Twitter or Instagram and tag us (@meetcleo) so your friends can join the boycott too. Oh, and you’ve gotta be following us to be eligible. Duh.
4. Go cold turkey and spend nothing on Friday, November 25, 2022 (groceries, gas, etc aside, you gotta eat)
5. Stay tuned on social media where we’ll announce the winner the following week
   ‍

That’s it. Stay in and you could win.

See you on the other side.

Sources: NerdWallet, USA Today, Duncan Financial Group, Money

Contest terms and conditions can be found here.