Christmas can be a wonderful time of year. Spending quality time with your extended family, enjoying holidays, giving gifts to loved ones, and surely the noble Christmas lunch! It’s undoubtedly a time for giving, and with this comes expenses. It’s very easy to overdo it with holidays, presents, and delicious foods; to let your hair down and savour the spirit of Christmas. The reality is, though, that the silly season gradually passes and many of us are left with the strain of hefty credit card balances. Some people spend months attempting to pay off their Christmas debts, while others end up in much deeper water.
While some folks have the financial ability to pamper 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 smoothly sail into the New Year. So with this being said, I want to share with you some efficient ways of celebrating Christmas, without breaking the bank.
Though it may sound cliché, it’s critical that you determine a budget and stick to it. Produce a list of all the gifts you’ll be giving and calculate the total amount. The majority of the time, it will be a lot more than you believed. Use this as incentive to think outside the box (pardon the pun!) and make some adjustments so you can stick to your budget. You could have a garage sale and sell items that aren’t being used anymore, talk with friends and family about a setting price limit for gifts, or maybe think about making gifts yourself! ASIC has released a wonderful app to keep track of your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m certain many of you would find beneficial.
Although lots of people find enjoyment in strolling through department stores and basking in the exquisite Christmas displays, nearly all the same items are offered on the internet at more affordable prices. Take advantage of comparative shopping websites like Google Shopping, PriceGrabber, or Nextag to find what you’re searching for. These websites are very competitive and will almost always have discounts that can save you a bundle. Even though shopping online will save you money, you should take extra precaution to ensure you get what you paid for.
If you are among the many people who send Christmas cards to all your friends and family, you’ll have an idea that the costs of this exercise can be considerably expensive. It’s no surprise that only few of your family and friends will actually keep these cards so it’s ultimately just money down the drain. As an alternative, why not send a family Christmas video message online? There are heaps of apps on smart phones and tablets that enable you to send fun and entertaining Christmas videos that can be sent electronically at no cost at all. On the other hand, you can always make your own Christmas cards with personalised messages and have your kids draw pictures to make them super special!
A nicely wrapped gift can make a remarkable difference, even with the cheapest of gifts. Christmas paper can be relatively expensive, so contemplate purchasing plain brown paper and adding a festive ribbon from a craft shop which will look a lot better than Christmas paper. You can even recycle brown paper bags that are normally given at clothing stores. Additionally, consider purchasing plain green, red, or gold paper which can also be used as birthday presents throughout the year. Don’t forget, a few department stores will wrap your gift completely free, so don’t hesitate to ask!
As you can see, Christmas festivities doesn’t have to break the bank. Unfortunately, however, many people spend beyond their means and find themselves 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 advice on financial problems, get in contact with the specialists at Bankruptcy Experts Penrith by calling 1300 795 575, or alternatively visit our website for more information: www.bankruptcyexpertspenrith.com.au