|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with family, being on holidays, offering presents to loved ones, and surely the acclaimed Christmas dinner! It’s most certainly a time for giving, and with this comes expenses. It’s very easy to overdo it with holidays, presents, and delicious foods; to let your hair down and indulge in the spirit of Christmas. The fact is, though, that the silly season sooner or later passes and many of us are left with the stress of sizeable credit card balances. Some people spend months trying to repay their Christmas debts, while others find themselves in much deeper water.
Although some people have the financial capacity to shower their loved ones with expensive gifts and lavish festivities, most of us should be watchful to spend within our means so our Christmas joy can continue smoothly into the New Year. So with this being said, I’d like to share with you some practical ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Although it may sound cliché, it’s imperative that you establish a budget and adhere to it. Prepare a list of all the presents you’ll be giving and calculate the total amount. The majority of the time, it will be far more than you envisioned. Use this as inspiration to think outside the box (pardon the pun!) and make some revisions so you can stick to your budget. You could have a yard sale and sell possessions that aren’t being used any longer, speak with friends and family about a setting price limit for gifts, or even think about making gifts yourself! ASIC has introduced a fantastic app to monitor your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m sure many of you would find helpful.
2. Shop Online
Whilst lots of people find pleasure in wandering through department stores and basking in the wonderful Christmas displays, nearly all the same items are offered on the internet at more affordable prices. Use comparative shopping websites such as Google Shopping, Nextag, or PriceGrabber to find what you’re looking for. These websites are highly competitive and will usually have discounts that can save you a bunch. Whilst shopping online will save you money, you have to take extra precaution to ensure you get what you paid for.
3. Rethink your Christmas Cards
If you are among the many families who send Christmas cards to all your friends and family, you’ll have an idea that the costs of this exercise can be relatively expensive. It’s no surprise that only a few of your friends and family will in fact keep these cards so it’s ultimately just money down the drain. Instead, why not send a family Christmas video message online? There are loads of apps on smart phones and tablets that enable you to send quirky and amusing Christmas videos that can be sent digitally at no cost whatsoever. Additionally, you can always create your own Christmas cards with personalised messages and have your little ones draw pictures to make them super special!
4. Wrapping Paper
A nicely wrapped gift can make a powerful difference, despite being the cheapest of presents. Christmas paper can be quite expensive, so contemplate buying plain brown paper and adding a festive ribbon from a craft shop which will look a lot better than Christmas paper. You can even re-use brown paper bags that are frequently given at clothing stores. Additionally, consider buying plain green, red, or gold paper which can also be used as birthday presents throughout the year. Always remember, some department stores will wrap your gift for free, so don’t hesitate to ask!
As you can see, Christmas festivities doesn’t have to break the bank. Regrettably, however, many individuals spend beyond their means and end up in financial hardship in the New Year. If you end up in this position, it’s better to seek professional advice sooner rather than later. There are many solutions available to you; all you need is the right advice. For any assistance on financial problems, get in touch with the specialists at Bankruptcy Bundaberg by calling 1300 818 575, or alternatively visit our website for further information: http://www.bankruptcy-bundaberg.com.au/