|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with your extended family, going on holidays, giving gifts to loved ones, and certainly the acclaimed Christmas dinner! It’s unquestionably a time for giving, and with this comes costs. It’s very easy to go overboard with family holidays, presents, and heavenly foods; to let your hair down and savour the spirit of Christmas. The bottom line is, though, that the silly season inevitably passes and many of us are left with the burden of beefy credit card balances. Some individuals spend months attempting to pay off their Christmas debts, while others end up in much deeper water.
While some folks have the financial capacity to shower their families with expensive gifts and lavish functions, many of us need to be cautious 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 useful ways of celebrating Christmas, without breaking the bank.
1. Set a Budget
While it may sound cliché, it’s very important that you create a budget and adhere to it. Create a list of all the gifts you’ll be giving and calculate the total amount. Most of the time, it will be far more than you envisioned. Use this as motivation 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 possessions that aren’t being used anymore, talk with friends and family about a setting price limit for presents, or even think about making gifts yourself! ASIC has launched a terrific 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
Whilst lots of individuals find pleasure in strolling through department stores and basking in the spectacular Christmas displays, nearly all the same goods are offered on the net at more affordable prices. Use comparative shopping websites such as Google Shopping, Nextag, or PriceGrabber to find what you’re looking for. These websites are highly competitive and will often have discounts that can save you a bunch. Whilst shopping online will save you money, you have to 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 friends and family, you’ll understand that the costs of this exercise can be somewhat expensive. It’s no surprise that only few of your friends and family will actually keep these cards so it’s basically just money down the drain. Instead, why not send a family Christmas video message online? There are heaps of apps on smart phones and tablets that allow you to send quirky and enjoyable Christmas videos that can be delivered electronically at no charge at all. Additionally, you can always make your own Christmas cards with personalised messages and have your children draw pictures to make them super special!
4. Wrapping Paper
A nicely wrapped present can make a powerful difference, even with the cheapest of gifts. Christmas paper can be quite pricey, so think about buying plain brown paper and adding a festive ribbon from a craft shop which will look much nicer than Christmas paper. You can even re-use brown paper bags that are often given at clothing stores. In contrast, consider purchasing plain gold, red, or green paper which can also be used as birthday gifts throughout the year. Always remember, certain department stores will wrap your presents completely free, so don’t hesitate to ask!
As you can see, Christmas celebrations doesn’t have to break the bank. Regrettably, however, many individuals 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 advice on financial problems, talk with the specialists at Bankruptcy Experts Mount Isa by phoning 1300 795 575, or alternatively visit our website for more information: Bankruptcy Mount Isa