|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with family, being on holidays, offering gifts to loved ones, and of course the grand Christmas lunch! It’s undoubtedly a time for giving, and with this comes costs. It’s very easy to overdo it with getaways, gifts, and scrumptious foods; to let your hair down and delight in the spirit of Christmas. The fact is, though, that the silly season gradually passes and a lot of us are left with the burden of substantial credit card balances. Some folks spend months attempting to pay off their Christmas debts, while others end up in much deeper water.
While some individuals have the financial ability to shower their loved ones with high-end gifts and lavish festivities, 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’d like to share with you some reliable ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
Whilst it may sound cliché, it’s crucial that you determine a budget and stick to it. Draft a list of all the gifts you’ll be giving and calculate the total amount. Most of the time, it will be much more than you envisioned. 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 garage sale and sell possessions that aren’t being used anymore, speak with family and friends about a setting price limit for gifts, or perhaps contemplate making gifts yourself! ASIC has released a great 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 enjoyment in strolling through department stores and basking in the lovely Christmas displays, almost all the same goods are readily available on the web at much cheaper prices. Use comparative shopping websites like Google Shopping, Nextag, or PriceGrabber to find what you’re trying to find. These websites are remarkably competitive and will almost always have discounts that can save you a bunch. While shopping online will be more cost-effective, you have to 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 friends and family, you’ll understand that the costs of this exercise can be fairly expensive. It’s no surprise that only some of your family and friends will in fact 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 plenty of apps on smart phones and tablets that allow you to send quirky and amusing Christmas videos that can be sent out electronically at no cost at all. Then again, you can always create your own Christmas cards with personalised messages and have your children draw pictures to make them super special!
4. Wrapping Paper
An exquisitely wrapped gift can make a dramatic difference, even with the cheapest of gifts. Christmas paper can be rather expensive, so contemplate buying plain brown paper and adding a festive ribbon from a craft shop which will look much better than Christmas paper. You can even re-use brown paper bags that are often given at clothing stores. Alternatively, consider purchasing plain green, red, or gold paper which can also be used as birthday gifts throughout the year. Remember, certain department stores will wrap your presents free of charge, so don’t hesitate to ask!
As you can see, Christmas festivities doesn’t need to break the bank. Sadly, however, lots of individuals spend beyond their means and end up 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 options available to you; all you need is the right advice. For any support on financial hardship, speak to the specialists at Bankruptcy Whitsundays by phoning 1300 818 575, or alternatively visit our website for more information: http://www.bankruptcy-whitsundays.com.au/