|January 5, 2018||0|
Christmas can be a wonderful time of year. Spending quality time with your extended family and friends, going on holidays, giving gifts to loved ones, and surely the legendary Christmas dinner! It’s undeniably a time for giving, and with this comes expenses. It’s very easy to overdo it with getaways, gifts, and extravagant foods; to let your hair down and enjoy the spirit of Christmas. The bottom line is, though, that the silly season ultimately passes and many of us are left with the strain of big credit card balances. Some folks spend months trying to repay their Christmas debts, while others end up in much deeper water.
While some individuals have the financial aptitude to pamper their families with luxurious gifts and lavish functions, the majority of us need to be mindful 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 efficient ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Though it may sound cliché, it’s critical that you create a budget and stick to it. Develop a list of all the presents 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 encouragement to think outside the box (pardon the pun!) and make some refinements so you can stick to your budget. You could have a garage sale and sell things that aren’t being used any longer, speak with family and friends about a setting price limit for gifts, or even consider making gifts yourself! ASIC has published a terrific app to keep track of your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m confident many of you would find useful.
2. Shop Online
While many people find delight in strolling through department stores and basking in the spectacular Christmas displays, nearly all the same items are offered on the web at much cheaper prices. Utilise comparative shopping websites such as Google Shopping, PriceGrabber, or Nextag to locate what you’re trying to find. These websites are incredibly competitive and will usually have discounts that can save you a bunch. Even though shopping online will be more cost-effective, you have to 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 have an idea that the costs of this exercise can be somewhat expensive. It’s no surprise that only a few of your friends and family 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 lots of apps on smart phones and tablets that allow you to send quirky and amusing Christmas videos that can be sent out electronically at no cost at all. Then again, you can always create your own Christmas cards with personalised messages and have your kids draw pictures to make them super special!
4. Wrapping Paper
An artistically wrapped gift can make a powerful difference, despite being the cheapest of presents. Christmas paper can be quite costly, so contemplate buying plain brown paper and adding a festive ribbon from a craft shop which will look a lot nicer than Christmas paper. You can even re-use brown paper bags that are typically 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, some 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. Regrettably, however, lots of folks spend beyond their means and find themselves 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 guidance on financial problems, reach out to the specialists at Bankruptcy Cassowary Coast by phoning 1300 818 575, or alternatively visit our website for more information: http://www.bankruptcy-cassowarycoast.com.au/