margolynndill @ gmail. com
Books and Writing by Margo L. Dill (aka Margo Lynn)
The festive period is many people’s favorite time of year; the family get-togethers, thoughtful gift giving, and the chance to unwind a little and enjoy delicious food, fun movies, and everything that Christmas brings. However big or small your family is, if you celebrate the holiday season, you’ll end up spending more around this month than you normally would. It can be challenging to cut back on expenses, especially when you see all those special presents that you can’t resist buying for the kids, your partner, or the rest of your loved ones.
Many people have enough other things to save for throughout the year, and the holidays will creep up and take you by surprise. Therefore, it’s worth having some ideas in mind about how you can cut back a little over Christmas and make smart financial decisions for your household, so that you don’t enter the new year worrying about cash. It’s never too late to start making better money choices and switching up the way you go about doing things. The following are some ideas, inspiration, and tips for those who want to be more mindful of their money this festive season, so that 2018 is something to look forward to.
How You Spend
Obviously, the best thing you can do regarding your festive spending is to plan as many months in advance as possible and begin saving in the new year. However, it’s already December, so you can put those plans into motion come January, and focus on the changes to make now. For large expenses, like specific gifts or the food shop, it might be worth popping them on a no or low-interest card. You can utilize a website to validate your card quickly and efficiently, and work out your weekly or monthly repayments before you’ve spent anything on interest. Make sure that you can afford your repayments and will be able to clear what you’ve paid for early on next year, so that you can better prepare for next Christmas. Paying for more expensive items in installments, before the no-interest period is up, is the best way to stop them impacting your bank balance.
How You Save
There are a variety of areas and ways to save at Christmas; you just need a little imagination and creativity. Think about the areas you could improve your festive period and save in the meantime. Home-baking and cooking from scratch are always a great way to show people that you care and are willing to put the effort in. Utilizing your own kitchen space might take a little more time; however, it’ll be far more affordable than buying everything ready-made from the store.
Handmade gifts and decorations are other ways to give your Christmas festive and unique touches without breaking the bank, so spend a festive afternoon crafting. Get the whole family involved, and see what they’d like to make for one another; you’ll end up spending less than you would heading out for Christmas shopping, so it’s well worth the effort.
Being wise with your money and time will ensure that you’re not worrying as you head into 2018 and can still have a fun and fulfilling festive period ahead.Tags: Holidays, saving money