As Christmas draws closer, having to spend money on gifts for family and friends becomes a reality. Consider these 10 smart spending tips to keep you sane and debt free this Christmas season.
- Set a budget and track your spending
Keeping a log will ensure that you spend what you intended.
- Make a list…
Of people to buy for, gifts you want for each of them as well as your festive season food and drinks.
- Pay cash
Avoid using credit cards. It’s convenient now, but may leave you saddled with debt way into 2019. When the cash is up, it’s up.
- Arrange to set a gift spending limit
Get your family and friends on board to set a spending limit. This way you aren’t tempted to out-do anyone.
- Balance the gifts for your children
Consider buying something they want, something they need, something to wear, and something to read.
- Follow social media specials
Check out exclusive deals and discounts companies offer to their followers. Search their recent posts for money-saving bargains.
- Shop out of normal shopping hours
It’s often more peaceful away from the frenzy.
- Shop alone
That way you won’t be influenced by another person’s opinion.
- Consider giving redeemable vouchers or gift cards
Tickets to a show, a membership to something of interest, or lessons for something fun!
- Do your shopping in small batches
Shopping marathons often lead to overspending.
Do you have any smart spending tips? Comment and let us know.