|January 5, 2018||0|
Christmas can be a wonderful time of year. Spending quality time with family, going on holidays, offering presents to loved ones, and surely the famed Christmas dinner! It’s undeniably a time for giving, and with this comes expenses. It’s very easy to overdo it with family trips, presents, and mouth watering foods; to let your hair down and indulge in the spirit of Christmas. The reality is, though, that the silly season sooner or later passes and a lot of us are left with the stress of beefy credit card balances. Some people spend months attempting to pay off their Christmas debts, while others end up in much deeper water.
Although some folks have the financial aptitude to shower their loved ones with costly gifts and lavish celebrations, many of us should be cautious 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 efficient ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
While it may sound cliché, it’s extremely important that you create a budget and adhere to it. Prepare 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 encouragement to think outside the box (pardon the pun!) and make some refinements so you can stick to your budget. You could have a yard sale and sell goods that aren’t being used any longer, speak with friends and family about a setting price limit for presents, or maybe think about making gifts yourself! ASIC has introduced a wonderful app to control your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m sure many of you would find valuable.
2. Shop Online
Although lots of folks find enjoyment in wandering through department stores and basking in the stunning Christmas displays, nearly all the same goods are available on the net at more affordable prices. Take advantage of comparative shopping websites like Google Shopping, PriceGrabber, or Nextag to find what you’re trying to find. These websites are exceptionally competitive and will almost always have discounts that can save you a bunch. Although shopping online will save you money, you must take extra precaution to ensure you get what you paid for.
3. Rethink your Christmas Cards
If you’re one of 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 pretty expensive. It’s no surprise that only few of your family and friends will actually keep these cards so it’s basically just money down the drain. As a substitute, why not send a family Christmas video message online? There are numerous apps on smart phones and tablets that enable you to send quirky and amusing Christmas videos that can be sent digitally at no cost at all. Conversely, you can always make 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 present can make a dramatic difference, despite being the cheapest of gifts. Christmas paper can be quite costly, so contemplate 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 normally given at clothing stores. On the other hand, consider purchasing plain green, gold or red paper which can also be used as birthday gifts throughout the year. Always remember, a few department stores will wrap your presents completely free, so don’t be afraid to ask!
As you can see, Christmas festivities doesn’t need to break the bank. Sadly, however, many individuals 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 solutions available to you; all you need is the right advice. For any advice on financial hardship, speak with the specialists at Fresh Start Solutions Hobart by phoning 1300 818 575, or alternatively visit our website for additional information: Bankruptcy Hobart