Today – How to Save More This Festive Season
How to Save More This Festive Season
Every radio station is playing Christmas songs, the world is brimming with festive lights, and there seems to be holiday movies on every channel. The happiest season of all is here, and that means incredible opportunities to spend meaningful moments with your family, amazing decorations, and of course – huge bills.
The good news is that if you’re worried about sticking to your budget this festive season, there are some things you can do to protect yourself. For instance, rather than trying to scramble to pay for the ultimate family Christmas in one go, you could borrow money from elsewhere and spread the costs over a longer period of time. You could also think about making some of the gifts you give out this year instead of buying them. Here are some quick tips to help you save more this season.
1. Have a Philosophy for Gift-Giving
Before you start building your budget, you need a plan for how you’re going to be handling gifts this year. Everyone approaches gift-giving in their own unique way. For some people, it’s all about finding the perfect gift to make that special someone’s face light up. For others, it’s about giving as many small gifts out as possible to spread the joy far and wide.
Think about what you like to accomplish with your gift-giving and build a budget around that. This could even mean giving each person on your list their own distinct price cap.
2. Track every Penny
When you’re rushing around trying to plan the perfect Christmas, it’s easy to lose track of where all your money is actually going. However, tracking your money means that you’re far less likely to over-spend. Rather than just flashing your credit or debit card wherever you go and telling yourself you’ll worry about the repercussions later, keep a close eye on whatever you spend.
There’s plenty of mobile apps out there that can help you with tracking your spend too, so you can always use these if you think that managing your expenses with a piece of paper and a pen is too difficult.
3. Rein Spending In Elsewhere
If you’re going to be spending extra cash on things like gifts and decorations this winter, then you probably won’t have tons of cash to splash on other areas like petrol and food too. With that in mind, think about how you can cut the costs in other areas of your life. For instance, you could start making lists to take with you to the supermarket, so you never over-spend on items that you don’t need.
On the other hand, if you’re worried about your car expenses, consider working with someone in your life on a car-pooling strategy. Maybe you and your coworkers could share the burden of getting everyone to work for a couple of months – so you all have more to spend on Christmas gifts.
4. Stop Giving as Many Gifts
If you’re the kind of person who loves giving, then you might be tempted to find a present for everyone in your office, as well as all your friends and family members. However, the truth is that you’ll only have so much money to spend. Don’t waste your time and cash giving gifts to people who don’t really deserve your special focus. There are bound to be at least a handful of people in your life that won’t notice much if you give them a card instead of a present.
If you really want to continue cutting back on your expenses, you can also have a chat with your friends and family members about how much you can reasonably afford to spend. For instance, you could all agree on a maximum limit for the amount you’re allowed to spend on your Christmas gifts, and therefore reduce the pressure on everyone.
5. Stop spending on Trivial Traditions
Ripping wrapping paper off a gift on Christmas morning is fun, but it’s also pretty wasteful too. Consider bundling gifts into a bag instead, or just handing the present over to your loved one without any wrapping paper at all – it’s not really as important as you might think.
Another major tradition that’s worth cutting back on – is giving Christmas cards to everyone you’ve ever met. If you’re still posting cards to people half-way around the world that you haven’t seen in years, then you’re wasting cash on both the card, and the postage. Don’t be afraid to trim these old traditions, as well as your tree.
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