Control spend control stress
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