|January 5, 2018||0|
Christmas can be a wonderful time of year. Spending quality time with your family, enjoying holidays, offering gifts to loved ones, and certainly the noble Christmas meal! It’s most certainly a time for giving, and with this comes expenses. It’s very easy to overdo it with family trips, presents, and heavenly foods; to let your hair down and enjoy the spirit of Christmas. The truth is, though, that the silly season sooner or later passes and a lot of us are left with the burden of hefty credit card balances. Some families spend months trying to settle their Christmas debts, while others end up in much deeper water.
While some folks have the financial capability to pamper their families with extravagant gifts and lavish functions, many of us should be careful to spend within our means so our Christmas joy can continue smoothly into the New Year. So with this being said, I want to share with you some helpful ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Whilst it may sound cliché, it’s vital that you set a budget and follow it. Create a list of all the gifts you’ll be giving and calculate the total amount. Most of the time, it will be far more than you pictured. Use this as incentive 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 things that aren’t being used any longer, speak with friends and family about a setting price limit for gifts, or perhaps consider making gifts yourself! ASIC has launched a marvelous app to monitor your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m positive many of you would find beneficial.
2. Shop Online
Whilst lots of individuals find pleasure in wandering through department stores and basking in the enchanting Christmas displays, almost all the same items are offered on the web at much cheaper prices. Make use of comparative shopping websites like Google Shopping, Nextag, or PriceGrabber to locate what you’re trying to find. These websites are remarkably competitive and will almost always have discounts that can save you a bunch. Whilst shopping online will be more affordable, you should take extra precaution to ensure you get what you paid for.
3. Rethink your Christmas Cards
If you’re one of the many people who send Christmas cards to all your friends and family, you’ll know that the costs of this exercise can be relatively expensive. It’s no surprise that only few of your friends and family will in fact keep these cards so it’s basically just money down the drain. Rather, why not send a family Christmas video message online? There are numerous apps on smart phones and tablets that allow you to send fun and amusing Christmas videos that can be delivered digitally at no cost at all. 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 beautifully wrapped gift can make a significant difference, despite being the cheapest of gifts. Christmas paper can be fairly costly, so think about buying plain brown paper and adding a festive ribbon from a craft shop which will look much better than Christmas paper. You can even re-use brown paper bags that are regularly given at clothing stores. In contrast, consider purchasing plain red, gold, or green paper which can also be used as birthday gifts throughout the year. Always remember, a few department stores will wrap your gift free of charge, so don’t be afraid to ask!
As you can see, Christmas festivities doesn’t need to break the bank. Sadly, however, lots of folks spend beyond their means and find themselves 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 solutions available to you; all you need is the right advice. For any direction on financial hardship, speak with the specialists at Fresh Start Solutions Gold Coast by calling 1300 818 575, or alternatively visit our website for additional information: Bankruptcy Goldcoast