Unless you’re a grinch, almost everyone loves Christmas! And what do most women love to do? That’s right: SHOPPING! But let’s face it, having to buy a lot of presents in one go can not only be stressful, but can make a pretty sizeable dent in your purse.
That’s where your budget can help! If you start organising your money now, you’ll know exactly how much you can spend on gifts for your favourite people, and you can stretch out your cash for longer!
Here’s what we recommend:
Start thinking of gift ideas now! Christmas time is one of the most lucrative time for businesses, and everyone is going to compete for your dough. If you make a list of things you want to buy now, the better your chances of finding it at a discounted price when you go shopping around; if it isn’t on sale at one place, it will most likely be on sale somewhere else at some point this season. The sooner you know what you want to buy for everyone, the sooner you can start looking for the best deal!
Make it yourself. Not only does it have more of a sentimental value and makes it more personal, but homemade gifts are a great way to maximise your giving without increasing your budget! Just don’t wait too long before you get started and end up having to make a last minute run to the shops!
Split up holiday costs. Most people don’t get their Christmas shopping done until December itself, but where possible try to knock a few things off your list early. Put a little extra money in your November budget to purchase little things, like Christmas cards, wrapping supplies, and the odd bits and pieces. This will leave you feeling a little less stressed by spreading out your costs and your to-dos!
Consider rearranging your budget. While great fun and festive, the end of the year tends to be one of the tightest financially for many of us. So if your budget’s starting to feel the strain, switch things up. If you normally spend quite a few on takeaways and eating out, make some sacrifices and bring your own lunch and cut down on the amount of times you go to restaurants, only until you’ve saved enough for your shopping list.
Prioritise! It seems like every time it comes to making a list of people you need to buy presents for, your brain keeps reminding you of every. single. person. you know. But let’s face it, you don’t need to, nor can you afford to buy presents for EVERYONE! And because the same holds true for other people, we’re sure your primary school teacher, or your local butcher will understand. You can always send a cute Christmas card to ease the sting, though!
Finally, track your spending! A budget doesn’t help if you don’t stick to it! You have to track your spending, and stick to what you have already planned! This will remove the anxiety of “Can I really afford to buy this?” or “Can I really afford to go there?” The last thing you need during the most wonderful time of the year is more stress!
You can purchase our Mortgage Life Insurance Plan between the 18th October and the 18th December 2019, and pray you’re the lucky person to win a return ticket to Dubai where you can shop til you drop! (But the above recommendations would still apply though — especially then! ☺)