|January 5, 2018||0|
Christmas can be a wonderful time of year. Spending quality time with your family, going on holidays, offering presents to loved ones, and of course the legendary Christmas dinner! It’s undoubtedly a time for giving, and with this comes expenses. It’s very easy to overdo it with family trips, gifts, and scrumptious foods; to let your hair down and delight 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 strain of big credit card balances. Some folks spend months attempting to pay off their Christmas debts, while others find themselves in much deeper water.
While some people have the financial aptitude to shower their loved ones with costly gifts and lavish parties, the majority of us need to be careful 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 efficient ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Whilst it may sound cliché, it’s paramount that you establish a budget and stick to it. Create a list of all the presents you’ll be giving and calculate the total amount. The majority of the time, it will be a lot more than you imagined. Use this as incentive to think outside the box (pardon the pun!) and make some alterations so you can stick to your budget. You could have a yard sale and sell goods that aren’t being used anymore, talk with friends and family about a setting price limit for presents, or maybe contemplate 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 positive many of you would find valuable.
2. Shop Online
Although lots of people find delight in strolling through department stores and basking in the spectacular Christmas displays, nearly all the same goods are offered on the web at much cheaper prices. Take advantage of comparative shopping websites like Google Shopping, Nextag, or PriceGrabber to find what you’re searching for. These websites are exceptionally competitive and will nearly always have discounts that can save you a bundle. Although shopping online will be more cost-effective, you should 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 friends and family, you’ll understand that the costs of this exercise can be considerably expensive. It’s no surprise that only a few of your family and friends will actually keep these cards so it’s basically just money down the drain. As a substitute, why not send a family Christmas video message online? There are numerous apps on smart phones and tablets that enable you to send quirky and entertaining Christmas videos that can be sent electronically at no cost whatsoever. On the other hand, you can always make your own Christmas cards with personalised messages and have your kids draw pictures to make them super special!
4. Wrapping Paper
A nicely wrapped present can make a significant difference, even with the cheapest of presents. Christmas paper can be relatively expensive, so look at 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 commonly given at clothing stores. On the other hand, consider purchasing plain red, green, or gold paper which can also be used as birthday gifts throughout the year. Don’t forget, many department stores will wrap your presents completely free, so don’t be afraid to ask!
As you can see, Christmas celebrations doesn’t need to break the bank. Sadly, however, many people spend beyond their means and find themselves 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 solutions available to you; all you need is the right advice. For any guidance on financial problems, talk with the specialists at Bankruptcy Dandenong by phoning 1300 818 575, or alternatively visit our website for more information: http://www.bankruptcy-dandenong.com.au/