|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with family, being on holidays, offering gifts to loved ones, and certainly the legendary Christmas lunch! It’s unquestionably a time for giving, and with this comes costs. It’s very easy to go overboard with getaways, gifts, and heavenly foods; to let your hair down and delight in the spirit of Christmas. The fact is, though, that the silly season eventually passes and many of us are left with the stress of large credit card balances. Some individuals spend months trying to settle their Christmas debts, while others end up in much deeper water.
While some folks have the financial capability to pamper their loved ones with luxurious gifts and lavish functions, the majority 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 paramount that you determine a budget and adhere to it. Create a list of all the gifts you’ll be giving and calculate the total amount. Most of the time, it will be far more than you envisioned. Use this as motivation to think outside the box (pardon the pun!) and make some changes so you can stick to your budget. You could have a yard sale and sell things that aren’t being used anymore, talk with friends and family about a setting price limit for presents, or even think about making gifts yourself! ASIC has published a wonderful app to track your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m positive many of you would find helpful.
2. Shop Online
While lots of people find enjoyment in wandering through department stores and basking in the spectacular Christmas displays, nearly all the same products are available on the web at more affordable prices. Take advantage of comparative shopping websites such as Google Shopping, PriceGrabber, or Nextag to find what you’re trying to find. These websites are very competitive and will almost always have discounts that can save you a bundle. While shopping online will be more affordable, you must take extra precaution to ensure you get what you paid for.
3. Rethink your Christmas Cards
If you’re one of the many families who send Christmas cards to all your family and friends, you’ll understand that the costs of this exercise can be considerably expensive. It’s no surprise that only few of your friends and family will actually keep these cards so it’s basically just money down the drain. Instead, why not send a family Christmas video message online? There are loads of apps on smart phones and tablets that enable you to send quirky and amusing Christmas videos that can be sent electronically at no charge at all. Then again, you can always create your own Christmas cards with personalised messages and have your little ones draw pictures to make them super special!
4. Wrapping Paper
An artistically wrapped gift can make a dramatic difference, despite being the cheapest of gifts. Christmas paper can be quite expensive, so contemplate 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 recycle brown paper bags that are regularly given at clothing stores. Conversely, consider purchasing plain red, green, or gold paper which can also be used as birthday presents throughout the year. Don’t forget, a number of 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. Unfortunately, however, lots of folks spend beyond their means and end up in financial hardship 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 support on financial problems, speak with the specialists at Bankruptcy Gympie by phoning 1300 818 575, or alternatively visit our website for additional information: http://www.bankruptcy-gympie.com.au/