4 Money Saving Tips This Christmas

bankruptcy melbourne, liquidators melbourne, bankruptcy, filing for bankruptcy, how to declare bankruptcyChristmas can be a wonderful time of year. Spending quality time with your family, going on holidays, offering gifts to loved ones, and certainly the famous Christmas dinner! It’s most certainly a time for giving, and with this comes costs. It’s very easy to overdo it with holidays, presents, and heavenly foods; to let your hair down and indulge in the spirit of Christmas. The fact is, though, that the silly season gradually passes and a lot of us are left with the strain of large credit card balances. Some individuals spend months attempting to settle their Christmas debts, while others end up in much deeper water.

While some people have the financial capability to shower their loved ones with extravagant gifts and lavish parties, many of us should be watchful to spend within our means so our Christmas joy can continue smoothly into the New Year. So with this being said, I want to share with you some efficient ways of celebrating Christmas, without breaking the bank.

1. Set a Budget

Though it may sound clich√©, it’s essential that you determine a budget and adhere to it. Draft a list of all the gifts you’ll be giving and calculate the total amount. The majority of the time, it will be a lot more than you figured. Use this as motivation to think outside the box (pardon the pun!) and make some changes so you can stick to your budget. You could have a yard sale and sell belongings that aren’t being used anymore, talk with family and friends about a setting price limit for presents, or even consider making gifts yourself! ASIC has published a fabulous app to control your Christmas spending called TrackMySPEND (https://www.moneysmart.gov.au/) which I’m sure many of you would find useful.

2. Shop Online

Whilst many people find pleasure in wandering through department stores and basking in the radiant Christmas displays, almost all the same goods are offered on the web at more affordable prices. Use comparative shopping websites such as Google Shopping, Nextag, or PriceGrabber to locate what you’re trying to find. These websites are very competitive and will nearly always have discounts that can save you a bundle. Although shopping online will be more affordable, you should take extra precaution to ensure you get what you paid for.

3. Rethink your Christmas Cards

If you are among the many people who send Christmas cards to all your family and friends, you’ll comprehend that the costs of this exercise can be quite expensive. It’s no surprise that only some of your friends and family will in fact keep these cards so it’s essentially just money down the drain. As an alternative, why not send a family Christmas video message online? There are numerous apps on smart phones and tablets that allow you to send quirky and amusing Christmas videos that can be delivered electronically at no cost at all. On the other hand, you can always create your own Christmas cards with personalised messages and have your children draw pictures to make them super special!

4. Wrapping Paper

A beautifully wrapped gift can make a remarkable difference, despite being the cheapest of gifts. Christmas paper can be quite pricey, so contemplate purchasing plain brown paper and adding a festive ribbon from a craft shop which will look much nicer than Christmas paper. You can even re-use brown paper bags that are typically given at clothing stores. Additionally, consider buying plain red, green, or gold paper which can also be used as birthday gifts throughout the year. Don’t forget, a few department stores will wrap your presents completely free, so don’t be afraid to ask!

As you can see, Christmas festivities doesn’t need to break the bank. Unfortunately, however, lots of folks spend beyond their means and find themselves in financial hardship in the New Year. If you find yourself in this position, it’s better to seek professional advice sooner rather than later. There are many options available to you; all you need is the right advice. For any guidance on financial problems, speak to the specialists at Bankruptcy Experts Melbourne by calling 1300 795 575, or alternatively visit our website for more information: www.bankruptcyexpertsmelbourne.com.au


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