Christmas is here and the festive season has only just begun! December is a very expensive time of the year and as we move closer to celebrating the 25th, the smaller our bank accounts get. Here’s a thought, why not save a little this year by planning, instead of just spending?
Avoid a debt hangover and look forward to a fresh financial start to the new year with these four tips:
Make a list: Getting caught up in the Christmas spirit will only make you buy extra gifts, decorations, and food unnecessarily.
Secret Santa: Decide before hand how big you’re going to go, and then decide on how much each member can afford to spend, throw the participating members names into a hat, pick one out, keep it a secret and have fun!
Keep your drinks and finances afloat: The festive season is the one time of the year where alcohol flows and as a result so does your bank account. Whether it’s a celebratory event and you’re going out, or a braai at home, make use of the deals offered by the stores, buy in bulk and drink at home!
Keep your finances in check: It’s easy to fall into the “that’s next year’s problem” trap. Make a point to create a budget and stick to it. Always remember to not just buy, rather shop around and compare prices.
