|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with friends and family, being on 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 go overboard with family holidays, gifts, and delicious foods; to let your hair down and savour the spirit of Christmas. The fact is, though, that the silly season ultimately passes and a lot of us are left with the burden of sizeable credit card balances. Some folks spend months trying to settle their Christmas debts, while others end up in much deeper water.
Although some individuals have the financial ability to pamper their families with luxurious gifts and lavish functions, the majority 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 want to share with you some effective ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Whilst it may sound cliché, it’s vital that you set a budget and follow it. Draft a list of all the gifts 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 motivation to think outside the box (pardon the pun!) and make some modifications so you can stick to your budget. You could have a garage sale and sell items that aren’t being used anymore, speak with family and friends about a setting price limit for presents, or perhaps think about making gifts yourself! ASIC has released a fantastic app to track your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m positive many of you would find invaluable.
2. Shop Online
Although many individuals find enjoyment in strolling through department stores and basking in the dazzling Christmas displays, nearly all the same products are offered on the internet at much cheaper prices. Make use of comparative shopping websites such as Google Shopping, Nextag, or PriceGrabber to locate what you’re searching for. These websites are extremely competitive and will often have discounts that can save you a bunch. Although shopping online will be more affordable, you will want 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 comprehend that the costs of this exercise can be rather expensive. It’s no surprise that only a few of your family and friends will in fact keep these cards so it’s ultimately just money down the drain. Instead, why not send a family Christmas video message online? There are lots of apps on smart phones and tablets that enable you to send quirky and amusing Christmas videos that can be delivered digitally at no charge at all. Additionally, you can always make your own Christmas cards with personalised messages and have your children draw pictures to make them super special!
4. Wrapping Paper
An artistically wrapped gift can make a significant difference, even with the cheapest of gifts. Christmas paper can be pretty pricey, 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 recycle brown paper bags that are often given at clothing stores. Alternatively, consider purchasing plain green, red, or gold paper which can also be used as birthday presents throughout the year. Remember, some department stores will wrap your gift completely free, so don’t be afraid to ask!
As you can see, Christmas celebrations doesn’t need to break the bank. Regrettably, however, lots of people 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 advice on financial problems, speak to the specialists at Bankruptcy Port Macquarie by calling 1300 818 575, or alternatively visit our website for more information: https://www.bankruptcy-portmacquarie.com.au/