If you shop online just once this year, it should be with Grow My Money during its Black Friday 2025 sales. Here’s why.
Why Black Friday is your online shopping event of the year
Black Friday, covering the period Friday 29 November until Monday 2 December 2024, is perfectly positioned to help us buy all our holiday and Christmas gifts in one hit. We cover more about Black Friday in detail in our other blog but in a nutshell, this is when retailers offer shoppers a winning combination of deep discounts of up to 25% off (or more), as well as cashback into your pocket. However, Black Friday is not just a great gift-purchasing opportunity, it’s a fantastic time to buy all those items you’ve had your eye on. It could be those flights, it could be a new mattress or bedding, it could buy those household appliances you’ve been meaning to replace. Many shoppers prefer to purchase their big-ticket items during the Black Friday period, rather than during the Boxing Day sales according to Mi-3 . Not only is there more stock available, many shoppers like to go into the Christmas and entertaining season knowing their home is in tip-top shape.
At Grow My Money, our Black Friday starts early on November 19 2024, so that you can maximise our amazing retailer offers.
What does Grow My Money do?
Grow My Money is a shopping platform where you earn cashback from your purchases into your mortgage or superannuation account.
It offers over 500 online and 1000 instore leading Australian retailers who are all willing to pay a percentage of your spend - known as cashback - into your Grow My Money account. Some of the key online brands include Chemist Warehouse, Appliances Online, Big W, and many more.
Simply start your shopping journey using the Grow My Money app or website. You select a tile (shown below) which will then push you to that retailer’s website where you purchase as normal. Your cashback shows up in your Grow My Money account usually within 24 hours although it does occasionally take a little longer.
The retailer pays Grow My Money a commission, which Grow My Money shares with you. The price you see on the retailer’s website is the same price everyone sees. You can still buy the retailer’s sale items, as well as earn their loyalty points.
You choose whether you direct your earned cashback into your mortgage or your superannuation. Grow My Money pays into any nominated mortgage or super account, including Self Managed Super Funds (SMSF) automatically without you having to request it. Once you’ve earned your cashback, Grow My Money does the rest; it really is a ‘set and forget’ strategy.
Which Grow My Money retailers are participating?
We’ve put together a table as shown below, outlining the retailer (listed alphabetically), the category and what they’re offering you. Hurry; these offers only last until midnight Monday 2 December AEST.
Why you should choose Grow My Money over other cashback platforms
Apart from the fact these cashback offers are ahead of the competition? The cashback you earn from your Black Friday purchasing can make a significant difference to your financial future.
On the left is a chart showing the power of Grow My Money cashback when added to your mortgage; the chart on the right reflects your superannuation. The ‘Cashback balance’ shows the present-day value of your cashback; on the right, how much interest you will save on your mortgage*, or how much your superannuation could be worth in the future*.
Mortgage assumptions: $30 paid in each month from Grow My Money cashback, compounding monthly. $500,000 starting mortgage balance, 30 year loan term, 6% interest rate. Saves $19,033.97 in interest over the lifetime. Superannuation assumptions: $30 paid in each month from Grow My Money cashback, compounding monthly. $50,000 starting superannuation balance, 30 year investment timeframe, 7.4% p.a. median net return. Increases to $41,214.00 over the lifetime. Source: Grow My Money
Grow My Money is free to join and use, so sign up here (https://growmymoney.com.au/signup/). You can buy gifts for the holiday and Christmas, as well as upgrade or purchase new homewares and furnishings with market-leading offers from incredible brands. The significant cashback amounts you earn can become worth so much more when added to your mortgage or your superannuation. So when you shop the Black Friday sales this year, make sure you choose Grow My Money as your shopping platform of choice.