|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with your extended family, enjoying holidays, offering gifts to loved ones, and surely the famed Christmas dinner! It’s undeniably a time for giving, and with this comes expenses. It’s very easy to overdo it with holidays, gifts, and enticing foods; to let your hair down and delight in the spirit of Christmas. The bottom line is, though, that the silly season gradually passes and many of us are left with the strain of sizeable credit card balances. Some people spend months attempting to settle their Christmas debts, while others find themselves in much deeper water.
Although some people have the financial capacity to pamper their loved ones with high-end gifts and lavish celebrations, many of us should be watchful to spend within our means so our Christmas joy can smoothly sail into the New Year. So with this being said, I’d like to share with you some practical ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
While it may sound cliché, it’s critical that you determine a budget and stick to it. Compose a list of all the gifts you’ll be giving and calculate the total amount. Most of the time, it will be much more than you pictured. Use this as encouragement to think outside the box (pardon the pun!) and make some revisions so you can stick to your budget. You could have a yard sale and sell belongings that aren’t being used anymore, speak with family and friends about a setting price limit for presents, or even think about making gifts yourself! ASIC has launched an excellent app to track your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m certain many of you would find valuable.
2. Shop Online
While lots of people find excitement in strolling through department stores and basking in the spectacular Christmas displays, almost all the same goods are offered on the net at much cheaper prices. Utilise comparative shopping websites such as Google Shopping, Nextag, or PriceGrabber to locate what you’re looking for. These websites are exceptionally competitive and will nearly always have discounts that can save you a bunch. Although shopping online will be more affordable, 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 family and friends, you’ll know that the costs of this exercise can be rather expensive. It’s no surprise that only a few of your friends and family will in fact keep these cards so it’s essentially just money down the drain. Rather, why not send a family Christmas video message online? There are plenty of apps on smart phones and tablets that allow you to send quirky and entertaining Christmas videos that can be delivered electronically at no cost at all. 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 remarkable difference, even with the cheapest of presents. Christmas paper can be quite expensive, so look into 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 typically given at clothing stores. In contrast, consider buying plain green, red, or gold paper which can also be used as birthday gifts throughout the year. Don’t forget, certain department stores will wrap your presents free of charge, so don’t hesitate to ask!
As you can see, Christmas celebrations doesn’t need to break the bank. Sadly, however, many 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 options available to you; all you need is the right advice. For any assistance on financial difficulties, get in touch with the specialists at Bankruptcy Joondalup by phoning 1300 818 575, or alternatively visit our website for further information: http://www.bankruptcy-joondalup.com.au/