4 Money Saving Ideas This Christmas
Christmas can be a wonderful time of year. Spending quality time with your family, going on holidays, offering presents to loved ones, and surely the noble Christmas lunch! It’s indeed a time for giving, and with this comes expenses. It’s very easy to go overboard with family holidays, gifts, and delicious foods; to let your hair down and indulge in the spirit of Christmas. The bottom line is, though, that the silly season eventually passes and a lot of us are left with the strain of substantial credit card balances. Some families spend months trying to pay off their Christmas debts, while others end up in much deeper water.
While some individuals have the financial capability to shower their loved ones with costly gifts and lavish festivities, many of us need to be conscientious 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
Even though it may sound cliché, it’s extremely important that you determine a budget and follow it. Compose a list of all the presents you’ll be giving and calculate the total amount. The majority 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 adjustments so you can stick to your budget. You could have a garage sale and sell things that aren’t being used any longer, talk with friends and family about a setting price limit for gifts, or even think about making gifts yourself! ASIC has launched a wonderful app to track your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m confident many of you would find valuable.
2. Shop Online
Even though many individuals find pleasure in strolling through department stores and basking in the gorgeous Christmas displays, almost all the same products are offered on the internet at more affordable prices. Take advantage of comparative shopping websites like Google Shopping, Nextag, or PriceGrabber to locate what you’re looking for. These websites are remarkably competitive and will almost always have discounts that can save you a bundle. Despite the fact that shopping online will be more affordable, 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 families who send Christmas cards to all your family and friends, you’ll comprehend that the costs of this exercise can be relatively expensive. It’s no surprise that only a few of your family and friends 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 enable you to send quirky and entertaining Christmas videos that can be delivered digitally at no cost at all. Additionally, you can always make your own Christmas cards with personalised messages and have your kids draw pictures to make them super special!
4. Wrapping Paper
An artistically wrapped gift can make a significant difference, even with the cheapest of presents. Christmas paper can be fairly costly, so contemplate buying plain brown paper and adding a festive ribbon from a craft shop which will look a lot better than Christmas paper. You can even re-use brown paper bags that are normally given at clothing stores. On the other hand, consider purchasing plain gold, red, or green paper which can also be used as birthday presents throughout the year. Don’t forget, certain department stores will wrap your gift for free, so don’t be afraid to ask!
As you can see, Christmas festivities doesn’t need to break the bank. Unfortunately, however, many individuals spend beyond their means and end up 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 support on financial difficulties, reach out to the specialists at Bankruptcy Experts Bunbury by calling 1300 795 575, or alternatively visit our website for further information: www.bankruptcyexpertsbunbury.com.au