|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with friends and family, enjoying holidays, offering gifts to loved ones, and of course the acclaimed Christmas meal! It’s undoubtedly a time for giving, and with this comes expenses. It’s very easy to overdo it with getaways, gifts, and delicious foods; to let your hair down and savour the spirit of Christmas. The bottom line is, though, that the silly season eventually passes and many of us are left with the stress of big credit card balances. Some folks spend months trying to settle their Christmas debts, while others find themselves in much deeper water.
Although some people have the financial ability to shower their loved ones with expensive gifts and lavish celebrations, the majority of us should be conscientious 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
Although it may sound cliché, it’s critical that you set a budget and follow it. Produce a list of all the gifts you’ll be giving and calculate the total amount. The majority of the time, it will be a lot more than you believed. Use this as inspiration to think outside the box (pardon the pun!) and make some alterations so you can stick to your budget. You could have a yard sale and sell possessions that aren’t being used anymore, speak with friends and family about a setting price limit for presents, or maybe think about making gifts yourself! ASIC has published an exceptional app to track your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m positive many of you would find valuable.
2. Shop Online
While many individuals find enjoyment in wandering through department stores and basking in the magnificent Christmas displays, almost all the same goods are readily available on the web at much cheaper prices. Take advantage of comparative shopping websites such as Google Shopping, PriceGrabber, or Nextag to find what you’re trying to find. These websites are very competitive and will generally have discounts that can save you a bundle. Although shopping online will be more affordable, you will need to take extra precaution to ensure you get what you paid for.
3. Rethink your Christmas Cards
If you are among the many people who send Christmas cards to all your family and friends, you’ll comprehend that the costs of this exercise can be considerably expensive. It’s no surprise that only a few of your family and friends will in fact keep these cards so it’s basically just money down the drain. Instead, 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 electronically at no cost at all. Alternatively, 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
An exquisitely wrapped gift can make a powerful difference, even with the cheapest of gifts. Christmas paper can be relatively costly, so contemplate purchasing 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 commonly given at clothing stores. On the other hand, consider buying plain red, gold, or green paper which can also be used as birthday presents throughout the year. Remember, a number of department stores will wrap your presents for free, so don’t be afraid to ask!
As you can see, Christmas festivities doesn’t have to break the bank. Unfortunately, however, lots of people spend beyond their means and find themselves in financial hardship 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 guidance on financial problems, get in touch with the specialists at Bankruptcy Mount Isa by calling 1300 795 575, or alternatively visit our website for further information: https://www.bankruptcy-mountisa.com.au/