|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with your extended family and friends, going on holidays, offering presents to loved ones, and surely the grand Christmas dinner! It’s undoubtedly a time for giving, and with this comes costs. It’s very easy to go overboard with holidays, gifts, and scrumptious foods; to let your hair down and savour the spirit of Christmas. The fact is, though, that the silly season gradually passes and many of us are left with the strain of substantial credit card balances. Some families spend months attempting to repay their Christmas debts, while others find themselves in much deeper water.
Although some individuals have the financial capability to pamper their families with costly gifts and lavish celebrations, most of us should be careful to spend within our means so our Christmas joy can continue smoothly 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
Even though it may sound cliché, it’s extremely important that you set a budget and adhere to it. Compose 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 imagined. Use this as incentive 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 gifts, or perhaps consider making gifts yourself! ASIC has published an amazing app to keep track of your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m positive many of you would find useful.
2. Shop Online
Even though lots of individuals find pleasure in wandering through department stores and basking in the breathtaking Christmas displays, nearly all the same goods are available on the net at much cheaper prices. Take advantage of comparative shopping websites such as Google Shopping, Nextag, or PriceGrabber to locate what you’re searching for. These websites are exceptionally competitive and will often have discounts that can save you a bunch. While shopping online will be cheaper, you need 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 friends and family, you’ll comprehend that the costs of this exercise can be quite expensive. It’s no surprise that only a few of your friends and family will actually keep these cards so it’s essentially just money down the drain. As an alternative, 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 enjoyable Christmas videos that can be sent out digitally at no charge whatsoever. Then again, 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, despite being the cheapest of gifts. Christmas paper can be rather costly, 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 re-use brown paper bags that are often given at clothing stores. In contrast, consider buying plain gold, red, or green paper which can also be used as birthday gifts throughout the year. Remember, certain department stores will wrap your gift free of charge, so don’t hesitate to ask!
As you can see, Christmas celebrations doesn’t need to break the bank. Sadly, however, lots of people spend beyond their means and find themselves 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 options available to you; all you need is the right advice. For any assistance on financial hardship, speak to the specialists at Bankruptcy Tweed Coast by calling 1300 818 575, or alternatively visit our website for additional information: http://www.bankruptcy-tweedcoast.com.au/