May 26, 2007 By Neesa Moodley The high charges often hidden in credit agreements and the way you approach your debt problems will change from Friday, when the National Credit Act, designed to protect the consumer, comes into full effect. Caps on interest rates and on fees for different credit agreements will keep unscrupulous credit […]
25 November 2014
Christmas is just around the corner, and budgets might be stretching thin. Moneybags journalist, Ashleigh Brown, looks at 25 ways you can spend less this Christmas.
Christmas is a festive season filled with family and friends, and lots of presents. But, this tradition can also leave your pockets a little empty. Trying out some new traditions can help you save money and still have as much fun over the festive season. We look at 25 ways in which you can save money this Christmas.
1. Don’t pay for Christmas from December’s income
Never spend all your December income on Christmas. Start saving now in order to help with all your Christmas presents and feasts.
2. Make an absolute budget
Make a budget for all the food, drinks, presents and everything else that you will need this Christmas and stick to it. It is difficult not to overspend when everyone is in the festive mood, but making a budget will help you to keep your finances in check.
3. Try a Thriftmas
Thrift stores, or second hand shops, are a great way to find presents at a fraction of the price. Grab some great deals by shopping at not only the thrift shops, but by trying out the local markets too.
4. Set up a Christmas cupboard
Don’t waste time and money, be a tactical Christmas shopper. Decide what you want, make a list, get a Christmas cupboard ready to put stuff in, then wait until what you’re buying’s at the cheapest price.
5. Say no to new decorations
A lot of us have a stack of Christmas decorations in a cupboard just waiting for the holidays. Don’t waste money on new decorations when the old ones can still do the trick.
6. Make a pact with your family for no presents
Try and bring the family love back this year without anyone trying to compete for the best presents. Make a pact and have a present free Christmas.
7. Christmas dinner
Volunteer to serve Christmas dinner together instead of creating a lavish meal yourself. Have everyone bring a dish so that no one person has to do all the work.
8. Tie your hands against extravagance
A dazzling dress, a gorgeous picture frame, the cutest throw pillow – you can’t avoid the allure of all the items on display this time of year. But if you want to avoid unwanted splurges, resolve not to touch them.
9. Unsubscribe from e-mail alerts
It’s fun to get e-mails from your favourite retailers about upcoming sales and promotions, but all these marketing e-mails will only lead you to spend more.
10. Be completely selfless
When they are great sales and promotions on everywhere, it is difficult not to buy something for yourself too. But save the extra money by only getting what you need and no more than that.
11. Secret Santa
Instead of buying 25 different presents, play secret Santa where you pick a name from a hat and buy only for that person. Agree on a budget beforehand so no one gets more or less than the next.
12. Be crafty
Instead of having everything store bought this year, try your hand at making the gifts. Sites like Pinterest.com have great DIY ideas for you to try.
13. Shop fresh produce
Just like the point above, for that dish that you are making this year, why not buy from the local vegetable market instead of contending with all the crowds at the shop.
14. Wrapping paper
If you run out of wrapping paper get the kids to make their own with some simple brown paper and a whole bunch of colour pens and paints. This way the kids can have fun and you save money by not buying extra roles of wrapping paper.
15. Postcards instead of Christmas cards
Try something new by making a family postcard with a little message on the back rather than sending out Christmas cards to everyone.
16. Go electronic
If you don’t have enough time to make postcards, then send an electronic Christmas card by simply e-mailing all your friends and family with a custom made e-card
17. Don’t overspend
Set a budget for this year’s Christmas presents and stick to it. That way everyone gets the same, and you have managed to not overspend.
18. Shop online
By getting all your presents online, you not only save money on transport costs by driving to the shops, but you can also find good deals and cheaper items.
19. Make your own gift tags
If you have old Christmas cards left over from previous years, then cut them up and use them as gift tags for the presents. You can also use off cuts from wrapping paper as gift tags.
20. Give family presents
Instead of buying individual presents for everyone, give just one present that the whole family can enjoy. Not only will this save you money, but it will bring the family closer together by enjoying their gift.
21. Ban unnecessary Christmas presents
Christmas shouldn’t only be about getting presents. After all, it is the thought that counts more than anything.
22. Use your rewards
Smart Shopper points or USave rewards are there for a reason – to help you save money when shopping. Use them this Christmas to help you save money on either presents or groceries.
23. Homemade Christmas tree
Instead of buying a nice fancy tree that is going to die, or even a new plastic one, get the kids together and make a homemade one, where everyone can join in on the fun of not only decorating, but also in crafting.
24. Try a staycation
Instead of going away this Christmas rather stay home and enjoy everything your hometown has to offer you. For great ideas on what to do during a staycation, click here.
25. It is only one day
Even though we all build up to Christmas all year long, it is only one day out of 365 days. Remember, that for the rest of December, and January (until pay day comes around again) you are going to have to pay bills, buy groceries, and start thinking about getting new school equipment for your children. So be smart this Christmas and make it all about the family and friends, rather than about the gifts received.
If you are struggling to make ends meet or to make your monthly debt repayments, it is better to act now and do something towards rectifying your financial situation. At DebtBusters, we will provide you with a way of reducing your debt in 5 simple steps:
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Have the chance to be festive this festive season. Call DebtBusters on 0869 99 06 06 or visit www.debtbusters.co.za and have a consultant call you back.
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