Scottish Friendly Brings Singles’ Day to the UK

The information provided in this article was accurate at the time of publishing and should be read in the context of the date it was published. Views in this article are those of the author alone and do not necessarily represent the view of Scottish Friendly.

Move over Black Friday, there’s a new shopping frenzy in town and it goes by the name of Singles’ Day.

What is Singles’ Day?

Believe it or not, Singles’ Day has been around since the 1990’s where it began in China. The day acts as a celebration for single people – think Valentine’s day for the unattached – and it’s now become the world’s largest online shopping day.

Singles’ Day takes place on the 11th of November.  That’s one-one-one-one – get it? Using only the number 1, means Singles’ Day is, indulgently, all about number 1 (A.K.A you!).

Singles’ Day was discovered by retail powerhouse Alibaba, the Chinese equivalent of Amazon, in 2009. The trailblazers launched “Double 11” deals just in time for the boom of online shopping. Last year consumers in China spent an estimated £14 billion on 11/11, outperforming both Black Friday and Boxing Day sales across the rest of the world.

Since Alibaba took over the holiday in 2009, they have successfully challenged and transformed traditional perceptions of Singles’ Day. Consumers are encouraged to spend and make the most of Alibaba’s incredible savings regardless of their relationship status. Basically, 11/11 has become the perfect excuse to indulge in some guilt-free, treat yourself spending.

…I bet you’re all wondering why you’ve only just heard about it!

Another way to treat yourself

While it can be tempting to splurge on “deal days” such as Singles’ Day, it’s important not to fall victim to rash purchasing on items you don’t really need (we’re looking at you with those bright pink shoes or shirt at the back of the cupboard, you know, the thing you said you’d wear all the time)!

Joking aside, there are many ways to treat yourself on “deal day” like investing in your future. As one of the largest financial mutuals in the UK, we truly understand the importance of saving and investing – to put a little away for you. It’s a way of investing now for a special treat in the future; you can find out more about how we can help you do that here. Please note that stock market investments can fall as well as rise so you could get back less than you have paid in.

And to get into the spirit of the day Scottish Friendly are offering some additional treats! On Saturday 11th of November at 6pm, we’re bringing the Singles’ Day holiday to the UK and giving away 60 fantastic prizes in 60 minutes during a live quiz on our Facebook page. Up for the challenge? Here’s how to enter:

1/ Like the page

2/ Make sure your general knowledge is up to scratch

3/ Tune in at 6pm on the 11th of November

4/ Comment to submit an answer

5/ Wait for the winner of each 60 second round to be revealed

6/ Use all 60 chances to try win a prize!

So regardless of whether you’re single, in a relationship, married or have your own family, be sure to tune in and take part!

The prize draw terms and conditions are available via our website.

No advice has been provided by Scottish Friendly. If you are in any doubt as to whether a savings or investment plan is suitable for you, you should contact a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting Advisers may charge for providing such advice and should confirm any cost beforehand.