Cornwall Life - - FINANCE -

Ac­cord­ing to the Money Ad­vice Trust, less than a third of us have a bud­get that we stick to over Christ­mas, yet plan­ning our ex­pen­di­tures could be the best way to nav­i­gate the fes­tive pe­riod. Make a sim­ple list of what you can re­al­is­ti­cally spend on food, presents and dec­o­ra­tions, and then plan ac­cord­ingly to avoid the dis­ap­point­ment of your funds not match­ing your ideas.

Keep in mind that all the nor­mal bills will need to be paid dur­ing De­cem­ber too; the Na­tional Debtline rec­om­mends pay­ing off gas and elec­tric­ity early in the month so that you know ex­actly how much you’ll have left over to spend on Christ­mas ex­tras. Rosie Ban­nis­ter, a money an­a­lyst from the Mon­eySaving­Ex­pert.com, also warns against bor­row­ing money or us­ing a credit card to cover the costs: ‘You could end up pay­ing it off all year, and spend­ing un­nec­es­sar­ily on costly in­ter­est,’ she says.

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