THE money TIP

CityPress - - Business -

The fes­tive sea­son can be an ex­pen­sive time of the year, par­tic­u­larly if your fam­ily and friends ex­pect gifts. If you can’t per­suade them to do­nate some money to char­ity in­stead of do­ing the usual gift exchange, there are ways you can ensure that you don’t spend too much.

Rita Cool, a fi­nan­cial plan­ner at Alexan­der Forbes Fi­nan­cial Plan­ning Con­sul­tants, says: “Ask peo­ple what they would like so you don’t waste money on some­thing that will not be ap­pre­ci­ated. For fam­ily, ne­go­ti­ate when it comes to big­ger gifts by giv­ing jointly for the fes­tive sea­son as well as a birth­day.

“Look for dis­counts on bulk items that can be split up and repack­aged for in­di­vid­u­als. Three for the price of two dis­counts are com­mon lead­ing up to the fes­tive sea­son.

“Big bags of sweets or cook­ies or soaps can be repack­aged to be­come in­di­vid­ual gifts in new bas­kets or glass bot­tles, also pur­chased in bulk.

“For teach­ers’ gifts, ask around and club to­gether to buy a voucher. Teach­ers love this be­cause they can choose what they want,” Cool says.

And if you want to save more money for next year’s Christ­mas, buy presents dur­ing the year when they are on sale.

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