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