It’s the holiday season again. When you go outside, there’s likely to be a sale going on to entice anyone who’s itching to burn a hole in their pockets. It’s no surprise that the last month of the year is when most folks spend more than usual.
However, as soon as the holidays are over and it’s January again, that’s when reality sets in. Before you know it, your bills start to pile up, and you can’t believe how much you’ve charged on your credit cards. Then, stress sets in. So, how do you avoid this unpleasant scenario?
We’ll do our best to take a load off from your shoulders with these sensible tips for cutting down your spending without sacrificing your enjoyment.
Before you even set foot on the nearest mall, decide how much money you are willing to spend. Consider all the things you need to buy, from decorations, gifts, vacations, you name it. How much will of these costs?
Once you add them all up, ask yourself honestly, can you really afford them all? If not, you need to make some compromises. Maybe you don’t need to buy new Christmas decorations and last year’s will do.
If you’re going to spend most of your time outside of the house, maybe you shouldn’t put up too many decorations. You can cut down your electric bills too if you don’t leave your Christmas lights on for an extended period.
If you’re going shopping, make sure you write down all the items you need to buy. Sticking to the list will help you keep track of your spending and prevent you from buying something out of impulse.
If you have the time, shop early. Usually, when you wait until the last minute, you don’t have enough time to compare prices, look for deals or hunt for bargains. It’s better if you can do some research online first.
While there’s nothing wrong with buying something for yourself, you should put a limit on how much you’ll spend. Also, if you have mates who like to go overboard at the mall, it’s better to avoid them in the meantime. You don’t want to get caught up in their reckless spending habits.
For many, travelling is a considerable expense. Christmas time is when we visit our relatives and friends. Instead of paying for expensive taxi and bus fares, rent a cheap car so you can have more freedom and convenience when you travel.
If you’re going overseas, you can also reserve an off-site parking spot near the airport, so you’ll have peace of mind knowing your vehicle is safe and secure.
You don’t have to sink into deep debt just to have a memorable and joyous holiday season. All it takes is to keep your spending under control. Sometimes, the best gift you can give your loved ones is your time, which is far more valuable than any material item.