|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with your family, going on holidays, giving gifts to loved ones, and certainly the legendary Christmas lunch! It’s undeniably a time for giving, and with this comes expenses. It’s very easy to overdo it with getaways, gifts, and enticing foods; to let your hair down and delight in the spirit of Christmas. The truth is, though, that the silly season gradually passes and a lot of us are left with the strain of beefy credit card balances. Some folks spend months attempting to repay their Christmas debts, while others end up in much deeper water.
While some individuals have the financial ability to pamper their families with expensive gifts and lavish celebrations, many of us should 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 helpful ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Even though it may sound cliché, it’s extremely important that you establish a budget and follow it. Compose a list of all the gifts you’ll be giving and calculate the total amount. The majority of the time, it will be far more than you imagined. Use this as inspiration 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 any longer, speak with family and friends about a setting price limit for presents, or even think about making gifts yourself! ASIC has released a fabulous app to track your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m positive many of you would find valuable.
2. Shop Online
While lots of folks find enjoyment in strolling through department stores and basking in the dazzling Christmas displays, almost all the same goods are offered on the internet at much cheaper prices. Make use of comparative shopping websites like Google Shopping, PriceGrabber, or Nextag to find what you’re searching for. These websites are extremely competitive and will generally have discounts that can save you a bundle. Despite the fact that shopping online will be cheaper, 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 somewhat expensive. It’s no surprise that only few of your family and friends will actually keep these cards so it’s essentially just money down the drain. As a substitute, 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 delivered electronically at no cost 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
A nicely wrapped gift can make a dramatic difference, even with the cheapest of presents. Christmas paper can be fairly expensive, so think about buying plain brown paper and adding a festive ribbon from a craft shop which will look a lot better than Christmas paper. You can even re-use brown paper bags that are regularly given at clothing stores. Alternatively, consider purchasing plain red, green, or gold paper which can also be used as birthday presents throughout the year. Remember, a number of department stores will wrap your gift completely free, so don’t be afraid to ask!
As you can see, Christmas celebrations doesn’t have 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 solutions available to you; all you need is the right advice. For any assistance on financial hardship, get in contact with the specialists at Bankruptcy Mildura by calling 1300 818 575, or alternatively visit our website for additional information: http://www.bankruptcy-mildura.com.au/