4 Money Saving Ideas This Christmas
Christmas can be a wonderful time of year. Spending quality time with your extended family, going on holidays, offering gifts to loved ones, and certainly the famous Christmas lunch! It’s undeniably a time for giving, and with this comes expenses. It’s very easy to overdo it with holidays, presents, and mouth watering foods; to let your hair down and enjoy the spirit of Christmas. The fact is, though, that the silly season ultimately passes and many of us are left with the strain of large credit card balances. Some individuals spend months attempting to pay off their Christmas debts, while others find themselves in much deeper water.
Although some folks have the financial capability to shower their loved ones with extravagant gifts and lavish parties, the majority of us should be watchful 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 efficient ways of celebrating Christmas, without breaking the bank.
- Set a Budget
Even though it may sound cliché, it’s vital that you create a budget and follow it. Create 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 envisioned. Use this as motivation to think outside the box (pardon the pun!) and make some refinements so you can stick to your budget. You could have a yard sale and sell possessions that aren’t being used anymore, talk with family and friends about a setting price limit for gifts, or perhaps contemplate making gifts yourself! ASIC has released a marvelous 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.
- Shop Online
Although lots of individuals find delight in strolling through department stores and basking in the lovely Christmas displays, nearly all the same items are offered on the internet at more affordable prices. Make use of comparative shopping websites like Google Shopping, PriceGrabber, or Nextag to locate what you’re searching for. These websites are incredibly competitive and will often have discounts that can save you a bundle. Whilst shopping online will be more cost-effective, you should take extra precaution to ensure you get what you paid for.
- 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 an alternative, 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 entertaining Christmas videos that can be sent electronically at no charge whatsoever. 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!
- Wrapping Paper
An exquisitely wrapped gift can make a dramatic difference, despite being the cheapest of presents. Christmas paper can be relatively expensive, so consider buying plain brown paper and adding a festive ribbon from a craft shop which will look much better than Christmas paper. You can even recycle brown paper bags that are often given at clothing stores. Additionally, consider purchasing plain green, gold or red paper which can also be used as birthday presents throughout the year. Remember, some department stores will wrap your gift free of charge, so don’t be afraid to ask!
As you can see, Christmas celebrations doesn’t have to break the bank. Sadly, however, lots of folks spend beyond their means and end up in financial hardship in the New Year. If you find yourself 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 difficulties, talk to the specialists at Bankruptcy Experts Tablelands by phoning 1300 795 575, or alternatively visit our website for more information: www.bankruptcyexpertstablelands.com.au