Con­trol spend con­trol stress

Kapi-Mana News - - NEWS - By DAVID KNEE­BONE

Christ­mas is fast ap­proach­ing, and while it’s a time to cel­e­brate, it can also be a time when spend­ing and stress lev­els get out of con­trol.

A few use­ful strate­gies can help you get through the lead up to Christ­mas with your wal­let and stress lev­els in­tact.

Last minute gift buy­ing can lead to im­pulse pur­chases and Christ­mas cost­ing more than it needs to. So be­fore you go shop­ping it pays to plan ahead.

Your fam­ily and friends are more likely to ap­pre­ci­ate a gift you have thought about, than one you’ve just spent a lot of money on.

So think about who you still need to buy for, what they might like and set a spend­ing limit for each per­son.

To avoid im­pulse pur­chases it helps to make a list. Take it with you when you go shop­ping and keep to it.

This goes for the Christ­mas gro­cery shop as well.

Think about how many peo­ple are com­ing for din­ner and plan the menu with shar­ing in mind.

In­vite fam­ily mem­bers to con­trib­ute. Peo­ple love bring­ing their spe­cial dish and it’s a great way to share costs.

Make the most of shops of­fer­ing free Christ­mas gift-wrap­ping, this will save buy­ing wrap­ping paper and will mean one less thing to think about as Christ­mas day ap­proaches.

If you can’t man­age to get away from loved ones to buy their presents or can’t find the time to get to any stores, think about shop­ping on­line.

It can save you time, and makes it easy to com­pare prices and get the best deal.

Avoid putting too much on your credit card.

Un­less you can pay it off in full within the in­ter­est-free pe­riod, Christ­mas will cost you much more than you bud­geted for.

Sorted.org.nz is a free in­de­pen­dent money guide, run by the Re­tire­ment Com­mis­sion.

Sorted’s Christ­mas Spen­dome­ter – sorted.org.nz/xmas-spen­dome­ter/ – com­pares the costs of dif­fer­ent pay­ment meth­ods so you can de­cide on the best way to pay for your Christ­mas pur­chases.

Man­ager of Sorted

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