Budol Responsibly: How to fund your passion purchases

    TechnologyFinTechBudol Responsibly: How to fund your passion purchases

    Checking out with a “budol” purchase during an e-commerce mega sale day is an adrenaline-pumping activity we are all familiar with. It can be easy to get caught in the middle of the hype and suddenly, you find yourself blowing your monthly budget. But fret not—there are ways through which you can shop responsibly even if you’re a little short on funds. Here are four easy tips you can follow.

    Add-to-cart in advance

    One of the surest ways for you to get the best deals is to research and plan ahead. Make a list of items that you are looking into purchasing, and canvas across various e-commerce platforms. Also, e-commerce platforms will typically show sneak-peeks of how much the low the prices will be on items a few days before the mega sale day. Ensure that you make use of this feature, so that you can get the best prices possible on your budol buys.

    Stay tuned for flash deals and major price drops

    Fun fact: The hours on a mega sale day are not made the same. During specific periods within the day, usually at around midnight and noon, there will be major price drops on select products in e-commerce platforms. There will also be flash deals, available at varying hours in the day, on different products, so be sure to keep your eyes peeled!

    Take advantage of vouchers 

    Living in a country where coupons are not a norm, we thankfully can live out our Extreme Couponing dreams through e-commerce vouchers. Ranging from free shipping to cashback and to X% off deals, vouchers are a staple in e-commerce mega sale days. Be sure to collect a few ahead of the sale dates and strategize your check-outs so that you can maximize them all. 

    Give yourself some credit

    If the product you are eyeing will be significantly discounted in that it outweighs the interest rate, and you can’t afford to pay for it in full, consider purchasing it through credit. You can choose a revolving credit product, like CIMB’s REVI Credit, or CIMB-powered Shopee SPayLater and GCash’s GCredit, to pay for your purchases.

    REVI Credit is the first-of-its-kind, all-in-one revolving credit line that provides you with easy access to credit and financial flexibility. Get up to PHP250,000 credit line with interest rates as low as 1% per month. You also get instant approval through your phone.

    GCash’s GCredit, a loan product powered by CIMB Bank, gives you a credit line of up to PHP30,000 and allows you to instantly pay for your online transactions at a later date to over 100,000 stores and billers with no additional requirements needed. 

    SPayLater, on the other hand, is a feature in Shopee wherein qualified buyers have the option to buy now and pay later or apply for an installment loan of up to 12 months for their purchases—and it’s brought to you by CIMB Bank, too.

    So get ready for 6.6, 7.7, 8.8, and beyond! What’s important to remember is to be responsible in using your credit lines when funding your passion purchases. With CIMB as your bank partner, you can confidently live your purpose and buy the necessary tools to help you get started on your goal, whatever it may be. 

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