Whether you celebrate Christmas or not, there are sales, festive parties, end-of-year celebrations and a whole host of ways and reasons to spend your money. We’d argue that January will be a lot more pleasant (and you’ll be a lot less stressed) if you figure out a way to save instead of spending all your money this season. Here are a few tips on keeping the reins on your wallet.
Set some guidelines around gifts
Gifts can be a minefield of expense and unnecessary consumerism. So much so, that many people are choosing to either streamline the process or do away with it altogether. Consider the following options for your festive gift exchange this year:
If you plan to implement any of these guidelines, it’s important to get everyone to buy into it. That way there’s no hard feelings or a perceived lack of generosity and everyone can relax and enjoy the season together.
Experiences over gifts
Another way to reduce consumerism is to give experiences rather than gifts. Here are some ideas to consider:
There are so many ways to gift people generously without adding to the physical clutter of too many things. Think of ways to gift your time or your expertise, and both parties will benefit.
Spend strategically to save money
This tip comes from Capetonian architect and dad of twins, Steve Parkes: Sign up to all the free loyalty programmes you can find — you’ll accumulate points that you can switch to cash or use to buy things at the end of the year. Microblogger AddSomeFlavour says, “This year we’re going try use Black Friday to buy gifts a little cheaper.” Take advantage of any sales strategically, but don’t buy things you typically wouldn’t have bought, just because they’re cheap. Plan in advance in terms of the categories of gifts you’re interested in and sign up for newsletters for the retailers that sell them.
There are many ways to enjoy the holiday season without breaking the bank. Here’s hoping we all reach the end of January feeling happy and comfortable thanks to spending (and saving) well this season.
Footnotes:
* Will the 4 Gift Rule work for your family this Christmas?: https://www.frugalrules.com/4-gift-rule-christmas/
DISCLAIMER: The information on this website is for educational purposes only, and is not intended as medical advice, diagnosis or treatment. If you are experiencing symptoms or need health advice, please consult a healthcare professional.