4 Money Saving Tips This Christmas
Christmas can be a wonderful time of year. Spending quality time with your extended family and friends, being on holidays, offering presents to loved ones, and certainly the noble Christmas meal! It’s unquestionably a time for giving, and with this comes costs. It’s very easy to go overboard with family holidays, gifts, and extravagant foods; to let your hair down and enjoy the spirit of Christmas. The truth is, though, that the silly season inevitably passes and many of us are left with the strain of sizeable credit card balances. Some individuals spend months trying to settle their Christmas debts, while others end up in much deeper water.
While some people have the financial capability to shower their loved ones with luxurious gifts and lavish festivities, the majority of us need to be watchful 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 helpful ways of celebrating Christmas, without breaking the bank.
- Set a Budget
Although it may sound cliché, it’s imperative that you create a budget and stick to it. Write a list of all the presents you’ll be giving and calculate the total amount. The majority of the time, it will be much 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 garage sale and sell items that aren’t being used anymore, talk with family and friends about a setting price limit for presents, or maybe consider making gifts yourself! ASIC has published a terrific app to control your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m certain many of you would find useful.
- Shop Online
Even though lots of individuals find delight in wandering through department stores and basking in the lovely Christmas displays, nearly all the same products are offered on the web at more affordable prices. Take advantage of comparative shopping websites like Google Shopping, Nextag, or PriceGrabber to locate what you’re trying to find. These websites are extremely competitive and will almost always have discounts that can save you a bundle. Although shopping online will save you money, you will need to take extra precaution to ensure you get what you paid for.
- Rethink your Christmas Cards
If you are among the many people who send Christmas cards to all your family and friends, you’ll have an idea that the costs of this exercise can be quite expensive. It’s no surprise that only a few of your friends and family will in fact keep these cards so it’s virtually just money down the drain. As a substitute, why not send a family Christmas video message online? There are loads of apps on smart phones and tablets that enable you to send fun and entertaining Christmas videos that can be delivered electronically at no cost at all. On the other hand, you can always make your own Christmas cards with personalised messages and have your kids draw pictures to make them super special!
- Wrapping Paper
An exquisitely wrapped present can make a significant difference, even with the cheapest of gifts. Christmas paper can be fairly 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 normally given at clothing stores. Additionally, consider buying plain red, gold, or green paper which can also be used as birthday presents throughout the year. Don’t forget, certain department stores will wrap your presents completely free, so don’t be afraid to ask!
As you can see, Christmas festivities doesn’t have to break the bank. Sadly, however, lots of folks spend beyond their means and end up in financial troubles 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 options available to you; all you need is the right advice. For any direction on financial hardship, get in touch with the specialists at Bankruptcy Experts Wollongong by phoning 1300 795 575, or alternatively visit our website for additional information: www.bankruptcyexpertswollongong.com.au