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Christmas can be a struggle on a budget, these 7 hot tips for finance and Christmas on a budget should be of some help!

  1. Make use of a budget calculator. We have one linked on our website advancedfinance.com.au – its always best to budget in advance to figure out how much you can actually afford to spend. Its not worth getting the best and most expensive presents, and spending a fortune on food when you can’t afford any of it – it will be you who suffers later on.
  2. If you have young kids – do some home made decorations instead of going to the store to buy them all – I know it sounds cheesy, but not only does it give you time with your kids, you will save money! Just grab anything you can find laying around at home and get crafty!
  3. IOU vouchers – these are the easiest way to save money when it comes to buying presents, so why not do up a voucher for the person where you can pay for things later down the track – for example aquarium or zoo tickets – you can take them later on in the year when it suits your calendar (and your wallet!)
  4. Our family is huge, so we have an agreement to only buy the young kids presents instead of everyone. Not only do we get more enjoyment out of watching all the little ones open their gifts, but it saves me having to buy 20 or 30 presents!
  5. Research before you buy!!! This one can be a life saver! Don’t always assume that what you are going to pay in one store for an item is the same everywhere else – check eBay or Amazon, or even check local competitors! You’d be surprised with how much you can save!
  6. When you are buying gifts, particularly electronics or appliances, see if you can get it on an interest free card – these cards are fantastic! Unlike credit cards, you won’t be charged interest on the debt you’ve just racked up, and you can pay it off piece by piece
  7. Try to take turns at houses every Christmas – shake things up a little bit! Don’t just have Christmas at your place every single year, see if you can move it around to your parents, or your siblings or anyone else you usually spend Christmas with – that way you aren’t going to bust your wallet every single year
  • Some great ideas here – Xmas can be SO expensive if you don’t budget and plan.

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  • I really like point 2. Crafty decos are a lot of fun to do with kids and cost a fraction of anything you get from a shop. With things like paying in instalments, I’m very careful not to make it a routine.. otherwise you start spending in advance of getting paid and that becomes the norm.

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  • Thank you for sharing your tips.

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  • I write lists, set a budget per person, and shop when the good sales are on. Every little bit helps. Oh, and I redeem Fly Buys points for gift cards and shopping.

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  • Thanks for the tips – it’s so easy to go overboard at this time of the year.

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  • Christmas is so stressful because it involves so much money when you don’t always have it,thanks for your article!

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  • Cool! Really good knowledge to know! Thanks for sharing this!

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  • regifting is also a helpful hint.

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  • Thank you so much for your helpful tips even though its past christmas i’m still having trouble with finances. These will come in handy thank you.

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  • these are good tips. i just got through christmas alright though

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  • I like the interest free card, it sounds awesome.

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  • I love making decorations with my kids! Not cheesy at all.

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  • I try to buy gifts throughout the year when I see something special for someone or if on sale. I hate the last minute rush.

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  • Loving the tips, we can all do with having that extra to splurge at xmas time.

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  • Some good ideas. For the last 2 years I’ve signed up to the Christmas Club at the local supermarket. If nothing else I end up with a nice cash bonus to get all my Christmas grocery shopping done.

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