|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with family, enjoying holidays, giving presents to loved ones, and of course the acclaimed Christmas meal! It’s unquestionably a time for giving, and with this comes expenses. It’s very easy to overdo it with holidays, gifts, and scrumptious foods; to let your hair down and indulge 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 substantial credit card balances. Some families spend months trying to pay off their Christmas debts, while others find themselves in much deeper water.
While some individuals have the financial aptitude to pamper their families with costly gifts and lavish celebrations, most of us should 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 practical ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Even though it may sound cliché, it’s vital that you establish a budget and follow it. Write a list of all the presents you’ll be giving and calculate the total amount. Most of the time, it will be a lot more than you envisioned. Use this as motivation to think outside the box (pardon the pun!) and make some adjustments so you can stick to your budget. You could have a yard sale and sell things that aren’t being used any longer, speak with friends and family about a setting price limit for gifts, or maybe think about making gifts yourself! ASIC has introduced an exceptional app to keep track of your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m confident many of you would find invaluable.
2. Shop Online
Whilst lots of folks find pleasure in wandering through department stores and basking in the dazzling Christmas displays, almost all the same items are offered on the web at more affordable prices. Make use of comparative shopping websites like Google Shopping, Nextag, or PriceGrabber to locate what you’re looking for. These websites are remarkably competitive and will nearly always have discounts that can save you a bunch. Although shopping online will save you money, you should 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 friends and family, you’ll have an idea that the costs of this exercise can be relatively expensive. It’s no surprise that only few of your family and friends will actually keep these cards so it’s virtually just money down the drain. Rather, why not send a family Christmas video message online? There are heaps of apps on smart phones and tablets that allow you to send fun and amusing Christmas videos that can be sent digitally at no charge whatsoever. Additionally, 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 gift can make a powerful difference, even with the cheapest of gifts. Christmas paper can be pretty pricey, so think about buying plain brown paper and adding a festive ribbon from a craft shop which will look much nicer than Christmas paper. You can even recycle brown paper bags that are regularly given at clothing stores. In contrast, consider purchasing plain red, gold, or green paper which can also be used as birthday presents throughout the year. Remember, various department stores will wrap your presents free of charge, so don’t be afraid to ask!
As you can see, Christmas celebrations doesn’t have to break the bank. Sadly, however, lots of individuals spend beyond their means and end up in financial turmoil in the New Year. If you find yourself in this position, it’s better to seek professional advice sooner rather than later. There are many solutions available to you; all you need is the right advice. For any assistance on financial problems, speak with the specialists at Bankruptcy Port Stephens by calling 1300 818 575, or alternatively visit our website for further information: https://www.bankruptcy-portstephens.com.au/