|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with your extended family and friends, enjoying holidays, offering presents to loved ones, and surely the acclaimed Christmas dinner! It’s undoubtedly a time for giving, and with this comes expenses. It’s very easy to overdo it with family holidays, presents, and heavenly foods; to let your hair down and enjoy the spirit of Christmas. The reality is, though, that the silly season sooner or later passes and many of us are left with the strain of hefty credit card balances. Some families spend months trying to settle their Christmas debts, while others find themselves in much deeper water.
Although some people have the financial aptitude to shower their loved ones with classy gifts and lavish parties, most of us need to be vigilant to spend within our means so our Christmas joy can continue smoothly into the New Year. So with this being said, I’d like to share with you some reliable ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Though it may sound cliché, it’s paramount that you establish a budget and adhere to it. Produce a list of all the presents you’ll be giving and calculate the total amount. The majority of the time, it will be much more than you envisioned. Use this as encouragement 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 items that aren’t being used anymore, speak with family and friends about a setting price limit for presents, or maybe contemplate making gifts yourself! ASIC has released an exceptional app to keep track of your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m sure many of you would find beneficial.
2. Shop Online
Although lots of people find pleasure in strolling through department stores and basking in the brilliant Christmas displays, nearly all the same items are readily available on the web at more affordable prices. Make use of comparative shopping websites such as Google Shopping, PriceGrabber, or Nextag to find what you’re looking for. These websites are very competitive and will nearly always have discounts that can save you a bundle. Although shopping online will save you money, you must take extra precaution to ensure you get what you paid for.
3. Rethink your Christmas Cards
If you are among the many people who send Christmas cards to all your family and friends, you’ll comprehend that the costs of this exercise can be pretty expensive. It’s no surprise that only a few of your family and friends will in fact keep these cards so it’s virtually just money down the drain. Instead, why not send a family Christmas video message online? There are lots of apps on smart phones and tablets that enable you to send quirky and entertaining Christmas videos that can be delivered electronically at no charge whatsoever. On the other hand, 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 nicely wrapped present can make a remarkable difference, despite being the cheapest of gifts. Christmas paper can be rather expensive, so consider 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 re-use brown paper bags that are often given at clothing stores. Alternatively, consider purchasing plain gold, green, or red paper which can also be used as birthday gifts throughout the year. Always remember, a few department stores will wrap your presents completely free, so don’t be afraid to ask!
As you can see, Christmas festivities doesn’t need to break the bank. Unfortunately, however, many people spend beyond their means and find themselves in financial troubles 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 to the specialists at Bankruptcy Melbourne by calling 1300 818 575, or alternatively visit our website for more information: http://www.bankruptcy-melbourne.com.au/