|January 5, 2018||Comments Closed|
Christmas can be a wonderful time of year. Spending quality time with family, going on holidays, offering presents to loved ones, and of course the noble Christmas lunch! It’s undoubtedly a time for giving, and with this comes costs. It’s very easy to overdo it with holidays, presents, and delicious foods; to let your hair down and indulge in the spirit of Christmas. The fact is, though, that the silly season inevitably passes and many of us are left with the burden of substantial credit card balances. Some families spend months attempting to pay off their Christmas debts, while others find themselves in much deeper water.
Although some individuals have the financial ability to shower their loved ones with luxurious gifts and lavish parties, the majority of us need to be conscientious 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 practical 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 follow 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 a lot more than you imagined. 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 yard sale and sell belongings 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 a terrific app to track your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m certain many of you would find useful.
2. Shop Online
Even though lots of individuals find enjoyment in wandering through department stores and basking in the gorgeous Christmas displays, almost all the same items are available online at much cheaper prices. Utilise comparative shopping websites like Google Shopping, Nextag, or PriceGrabber to locate what you’re searching for. These websites are exceptionally competitive and will usually have discounts that can save you a bunch. While shopping online will save you money, you need 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 relatively expensive. It’s no surprise that only a few of your friends and family 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 heaps of apps on smart phones and tablets that enable you to send fun and amusing Christmas videos that can be delivered electronically at no charge whatsoever. Additionally, you can always make your own Christmas cards with personalised messages and have your little ones draw pictures to make them super special!
4. Wrapping Paper
An artistically wrapped gift can make a powerful difference, even with the cheapest of presents. Christmas paper can be relatively pricey, so consider 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 commonly given at clothing stores. Alternatively, consider purchasing plain red, gold, or green paper which can also be used as birthday gifts throughout the year. Always remember, some department stores will wrap your presents free of charge, so don’t hesitate to ask!
As you can see, Christmas celebrations doesn’t need to break the bank. Regrettably, however, many individuals 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 options available to you; all you need is the right advice. For any advice on financial problems, speak with the specialists at Bankruptcy Rockhampton by phoning 1300 818 575, or alternatively visit our website for additional information: http://www.bankruptcy-rockhampton.com.au/