TIPS TO STAY ON TRACK WITH YOUR CHRISTMAS SPENDING

TIPS TO STAY ON TRACK WITH YOUR CHRISTMAS SPENDING

There is no doubt Christmas is a time to be enjoyed.  However, it is an expensive time of year, with gift giving, more social outings etc. It can really stretch the budget.  Here are some tips to help you stay on track this Christmas:

1.       TRACK YOUR SPENDING

I know it sounds boring, but it will help.  Set a budget for things like presents, food for Christmas Day.  After each day’s shopping, record what you have spent and what you have left. 

 2.       ‘BAKE’ YOUR GIFTS

Are you a bit of a MasterChef in the kitchen?  Why not bake some gingerbread cookies, fruit mince pies or any festive treat.  Package them up in some cellophane or cardboard boxes and give these as gifts.  A lot cheaper than buying them already made, and I bet they will be a lot tastier as well.

 3.       RESEARCH AND BE PATIENT

Retail is so competitive these days.  Don’t just purchase an item the first time you see it.  Research online or wait until a discount is offered.  Most retailers are having Different offers each day so you really shouldn’t need to pay full price.

4.       SHARE THE COST

If you are hosting Christmas lunch, ask everyone to bring a plate of food.  Most people won’t mind and this will save a lot of money and time.

5.       DON’T SPEND MONEY YOU DON’T HAVE

Carefully consider putting purchases on your credit card or arranging some kind of quick finance with high interest.  You will regret it come January.