|January 5, 2018||0|
Christmas can be a wonderful time of year. Spending quality time with friends and family, being on holidays, giving presents to loved ones, and certainly the acclaimed Christmas meal! It’s unquestionably a time for giving, and with this comes expenses. It’s very easy to go overboard with family holidays, gifts, and enticing foods; to let your hair down and indulge in the spirit of Christmas. The reality is, though, that the silly season ultimately passes and many of us are left with the strain of beefy credit card balances. Some folks spend months trying to settle their Christmas debts, while others end up in much deeper water.
Although some people have the financial aptitude to pamper their families with classy gifts and lavish parties, most of us should be mindful to spend within our means so our Christmas joy can smoothly sail into the New Year. So with this being said, I want to share with you some effective ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Whilst it may sound cliché, it’s essential that you establish a budget and stick to it. Develop a list of all the gifts you’ll be giving and calculate the total amount. The majority of the time, it will be much more than you imagined. Use this as incentive to think outside the box (pardon the pun!) and make some alterations so you can stick to your budget. You could have a garage sale and sell items that aren’t being used any longer, speak with family and friends about a setting price limit for gifts, or perhaps think about making gifts yourself! ASIC has launched a terrific app to track your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m positive many of you would find useful.
2. Shop Online
Whilst many people find pleasure in strolling through department stores and basking in the magnificent Christmas displays, nearly all the same products are available online at more affordable prices. Make use of comparative shopping websites like Google Shopping, PriceGrabber, or Nextag to locate what you’re looking for. These websites are exceptionally competitive and will generally have discounts that can save you a bunch. Despite the fact that shopping online will be cheaper, 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 family and friends, you’ll know that the costs of this exercise can be relatively expensive. It’s no surprise that only a few of your family and friends will actually keep these cards so it’s ultimately just money down the drain. As an alternative, why not send a family Christmas video message online? There are plenty of apps on smart phones and tablets that allow you to send quirky and amusing Christmas videos that can be delivered digitally at no charge at all. Alternatively, you can always make your own Christmas cards with personalised messages and have your children draw pictures to make them super special!
4. Wrapping Paper
An artistically wrapped present can make a significant difference, despite being the cheapest of presents. Christmas paper can be quite costly, so think about purchasing plain brown paper and adding a festive ribbon from a craft shop which will look a lot nicer than Christmas paper. You can even recycle brown paper bags that are often given at clothing stores. Additionally, consider purchasing plain green, red, or gold paper which can also be used as birthday gifts throughout the year. Always remember, a few department stores will wrap your gift for free, so don’t hesitate to ask!
As you can see, Christmas celebrations doesn’t need to break the bank. Regrettably, however, lots of people spend beyond their means and end up in financial troubles in the New Year. If you find yourself in this position, it’s better to seek professional advice sooner rather than later. There are many options available to you; all you need is the right advice. For any advice on financial problems, get in contact with the specialists at Fresh Start Solutions Adelaide by calling 1300 818 575, or alternatively visit our website for additional information: Bankruptcy Adelaide