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El Buen Fin 2023: Mexico's 'Cheapest Weekend of the Year'

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María Alejandra Trujillo
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El Buen Fin 2023: Mexico's 'Cheapest Weekend of the Year'

El Buen Fin 2023, the 'Cheapest weekend of the year' in Mexico, is slated to occur from November 17 to 20. During this period, hundreds of stores will offer enticing discounts and promotions. While not all stores participate in El Buen Fin, those affiliated with ANTAD, the National Chamber of Commerce, the Business Coordinating Council, and the hotel and tourism industry will offer discounts and payment facilities.

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A Boost to Mexico's Economy

The primary objective of El Buen Fin is to stimulate the domestic market, promote formal commerce, and encourage the use of credit and debit cards instead of cash. This approach aims to instill consumer confidence in these payment methods while simultaneously reducing cash usage in commercial transactions.

(Read Also: Xóchitl Gálvez’s Report: Shaping the Political Landscape of Mexico)

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Expectations for El Buen Fin 2023

For El Buen Fin 2023, participant businesses are expected to increase their sales by at least five percent compared to the previous edition. In 2022, El Buen Fin generated an economic spill of 134.4 billion pesos. The projection is to surpass this figure and promote formality in commerce, benefiting all involved sectors.

(Read Also: Mexico Approves Historic 2024 Budget Amid Controversy)

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Participation and Responsibility

The Federal Consumer Prosecutor's Office (Profeco) provides tips for responsible shopping during El Buen Fin. Among them, it emphasizes the importance of not being swayed by supposed offers and only purchasing what is needed. It recommends budgeting, sticking to a set amount, and avoiding impulse buying. Additionally, it advises comparing product costs and quality, using credit only for planned expenses, and taking precautions when shopping online.

Though El Buen Fin features numerous participating stores, one notable absentee is Walmart. The supermarket chain has chosen not to partake in El Buen Fin and instead created its own discount season called El Fin Irresistible.

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