December is here, and as we near closer towards the holidays, the longer our wish list grows!
More often than not, we all start the new year with less money and find ourselves in more debt than we planned. But why?
Below we list the top four reasons why you spend more when you’re on holiday:
Hello Credit Card! Our weakness lays within our credit cards, we’re all guilty. During the holidays it’s so easy to get caught up in the moment, convinced that you need those shoes, you swipe the card without thinking and only question yourself the following month.
It was a good deal. Blame the advertising! You go Christmas shopping and end up buying more than what you budgeted for because it was a good deal: Buy two, get one free… Spend R900 and get R400 off. We all get caught with a once in a lifetime offering.
Spender bender! This time of the year we end up going on a bit of a financial bender, splurging our year’s hard earned money on a treat yo’self campaign! We’ve already bought the dress, we needed the new sunnies to go with it and while we’re cruising on the beach (because why else did you buy the new sunglasses?), you just happen to treat yo’self to an overpriced cocktail too. By not cutting back, we end up overspending and falling way behind.
Oh Christmas tree! It’s true, being the busy individuals that we are, we wait until the last minute to do Christmas shopping, instead of planning ahead. This is a sure way to spend more than what you planned as prices go up, selection goes down, and you don’t have time to comparison shop. By the time we’re half way down our list of gifts, we’re hot, we’re tired and we just wanna go home so we just pay.
Too late to try to save or cut costs? Why not have a look at taking out a loan to help get through these holidays?
Fill in your details and we will provide you with quotes!
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