|January 5, 2018||0|
Christmas can be a wonderful time of year. Spending quality time with friends and family, going on holidays, offering gifts to loved ones, and surely the acclaimed Christmas meal! It’s most certainly a time for giving, and with this comes costs. It’s very easy to go overboard with getaways, gifts, and heavenly foods; to let your hair down and delight in the spirit of Christmas. The reality is, though, that the silly season ultimately passes and a lot of us are left with the stress of beefy credit card balances. Some families spend months trying to repay their Christmas debts, while others end up in much deeper water.
Although some individuals have the financial aptitude to pamper their loved ones with classy gifts and lavish parties, the majority of us should be conscientious 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 reliable ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Whilst it may sound cliché, it’s paramount that you create a budget and adhere to it. Draft a list of all the presents you’ll be giving and calculate the total amount. Most of the time, it will be a lot more than you believed. Use this as motivation to think outside the box (pardon the pun!) and make some changes 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 presents, or even contemplate making gifts yourself! ASIC has launched a marvelous app to control your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m confident many of you would find valuable.
2. Shop Online
Whilst many people find excitement in wandering through department stores and basking in the radiant Christmas displays, almost all the same products are offered on the net at more affordable prices. Utilise comparative shopping websites like Google Shopping, Nextag, or PriceGrabber to find what you’re searching for. These websites are highly competitive and will almost always have discounts that can save you a bundle. Even though 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 families who send Christmas cards to all your family and friends, you’ll understand that the costs of this exercise can be rather expensive. It’s no surprise that only a few of your family and friends will actually keep these cards so it’s essentially just money down the drain. As a substitute, why not send a family Christmas video message online? There are plenty of apps on smart phones and tablets that allow you to send fun and enjoyable Christmas videos that can be delivered digitally at no charge at all. Then again, you can always create 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 remarkable difference, even with the cheapest of gifts. Christmas paper can be relatively pricey, so think about purchasing plain brown paper and adding a festive ribbon from a craft shop which will look much nicer than Christmas paper. You can even recycle brown paper bags that are frequently given at clothing stores. On the other hand, consider purchasing plain green, red, or gold paper which can also be used as birthday presents throughout the year. Don’t forget, certain department stores will wrap your presents for free, so don’t hesitate to ask!
As you can see, Christmas festivities doesn’t have to break the bank. Regrettably, however, lots of individuals spend beyond their means and end up in financial turmoil 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 advice on financial problems, speak to the specialists at Fresh Start Solutions Sydney by calling 1300 818 575, or alternatively visit our website for further information: Bankruptcy Sydney