|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with friends and family, 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 go overboard with getaways, gifts, and heavenly foods; to let your hair down and indulge in the spirit of Christmas. The fact is, though, that the silly season sooner or later passes and a lot of us are left with the stress of hefty credit card balances. Some families spend months attempting to repay their Christmas debts, while others find themselves in much deeper water.
Although some people have the financial capacity to shower their families with luxurious gifts and lavish festivities, most of us need to 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 reliable ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Even though it may sound cliché, it’s essential that you set a budget and follow it. Produce 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 envisioned. Use this as inspiration 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 belongings that aren’t being used any longer, talk with family and friends about a setting price limit for presents, or perhaps think about making gifts yourself! ASIC has published a wonderful app to monitor your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m confident many of you would find helpful.
2. Shop Online
While lots of folks find enjoyment in wandering through department stores and basking in the enchanting Christmas displays, almost all the same products are available on the internet at much cheaper prices. Use comparative shopping websites like Google Shopping, PriceGrabber, or Nextag to locate what you’re trying to find. These websites are very competitive and will almost always have discounts that can save you a bunch. Even though shopping online will be cheaper, 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 families who send Christmas cards to all your family and friends, you’ll comprehend that the costs of this exercise can be relatively expensive. It’s no surprise that only few of your family and friends will in fact keep these cards so it’s essentially just money down the drain. As an alternative, why not send a family Christmas video message online? There are heaps of apps on smart phones and tablets that enable you to send fun and enjoyable Christmas videos that can be sent out digitally at no cost whatsoever. Alternatively, 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
A beautifully wrapped present can make a powerful difference, despite being the cheapest of presents. Christmas paper can be rather pricey, so look at purchasing 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 often given at clothing stores. In contrast, consider buying plain red, green, or gold paper which can also be used as birthday presents 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 have to break the bank. Regrettably, however, lots of people 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 advice on financial problems, get in contact with the specialists at Bankruptcy Northern Rivers by phoning 1300 818 575, or alternatively visit our website for more information: https://www.bankruptcy-northernrivers.com.au/