It is almost impossible for you to go out or do anything without spending money, especially during yuletide season.
At seasons like this, it can be easy to go overboard on holiday shopping during Christmas and New Year celebrations. But with some planning and budgeting, celebrating does not have to vacuum up all your cash or leave you maxed on your credit cards.
Even though things look tough, and prices of goods and services are skyrocketing every day, you can still enjoy a Detty December with your friends and loved ones within a well-planned budget and still feel satisfied at the end of the day.
Some of the financial tips that can help you achieve spending wisely during festive periods are;
- Set holiday spending limits
This helps you not to spend beyond your budget. You can limit what you buy to what you can afford easily which can be withdrawn from your bank account.
- Make Your Own ‘Naughty or Nice’ List
Come up with a list of people that you can give gifts during the festive season and those you can conveniently meet up with without putting yourself in a box in trying to satisfy everybody.
- Be Realistic About Your Budget
Ensure that you spend financially according to a realistic plan that suits your budget so that you do not end up incurring debts.
- Give the Gift of Your Time
Spending time with your family this yuletide season matters a lot. If you are that kind of person that don’t have enough money, visiting your parents and loved ones is considered germane particularly when you reside in a different location, hence coming around to see your parents will be more valued.
- Provide Personalized Gifts
A small, thoughtful gift is worth more than an expensive gift that someone may never use. Avoid the impulse to shop at trendy stores and start the holiday by taking a moment to think about what those on your list could really use.
According to a popular phrase, this Christmas, ‘Chop life make life no chop you’ but also apply wisdom to help guide you into a debt-free new year.
