The end of year holidays is an exciting time for many of us. It’s a time of giving and receiving. And a time to reconnect with family, friends and recharge from a demanding year.
However, it can also be a costly time. With all of the festive season marketing at the malls and online, it’s easy to overspend on your budget, resulting in a financial hangover in the new year.
Here are a few tips to stay in control of your festive spending while still enjoying some much-deserved festive cheer.
Create a realistic budget for your festive season spend and try to stick to it.
Shop around for good deals and always take a day to think about it if you are tempted to make a big purchase.
If you plan to use your credit card or overdraft facility to cover holiday expenses, make sure you can afford your increased monthly payments in the new year.
Plan your shopping carefully to avoid impulse buying.
Use discounts and loyalty points to maximum advantage.
Hold on to your receipts. If a gift needs to be returned or exchanged, having your receipts will save you a lot of time and trouble.
Be honest and realistic with your friends and family about what you can and can’t afford.
The festive season is a time for joy. Keep in mind that your time and attention are the most valuable assets that you can share with your friends and family during this time.
We at Rising Capital wish you all a prosperous and joyful Festive Season
