How to Keep Your Pockets Happy this Christmas Season
Christmas is the season of giving and spending. With just a couple of weeks to go before the seasonal madness ensues, you should be thinking about how to complete your Christmas shopping already. If you’re not careful, it’s dangerously easy lose track of your spending and wreak havoc on your finances as a result.
Here are a few of our suggestions to make your Christmas happy and worry-free financially:
Separate your Christmas gift fund
More than just creating a budget for all your Christmas spending, you could open a separate fund dedicated solely for it. This helps you avoid running your savings dry and keeps your spending in check.
Compare prices online
You can avoid the holiday traffic jam — and the stress that comes with it — by doing your shopping online. But be sure to compare prices first and see if you’re better off buying on the Internet. Also, you should consider the shipping fees, exchange rate and other expenses that may come with your purchases. This way, you’ll know the cheapest prices around and get the best possible deals.
Avoid using credit cards
Christmas time is when consumers are tempted to use credit cards more than ever. Money-savvy Aussies however know that they could be in a debt trap with such setup. To be sure, use your debit card or layby to avoid racking up debts. Of course, it’s best if you can pay with cash.
Give presence, not presents
Ultimately, the best gift you can give is the gift of time. No expensive gift can rival the feeling of joy and love when you spend time with your family and friends.
Give yourself the gift of having better control of your money. Don’t let impulse buying and money troubles hinder your enjoyment of the holiday season.
Do you know other tips to be financially fit this Christmas season? Share your thoughts in the comment section below.