The credit information amnesty implemented on 1 April 2014, has left many South African consumers confused about what the credit amnesty means for them.
22 November 2016
It is easy to get carried away with our spending habits during the festive season, and it is often only at the end of the holidays that we realise the extent of all the extra expenses we incurred as well as the damage that our shopping impulses have done to our bank accounts, adding to the financial baggage. A new year is about turning over onto a fresh, clean page, and a budget that is specifically tailored to plan and track your holiday expenses will not only help you to spend within your means, but will also bring you into the new year on a brighter note.
Here are a few handy tips for creating and implementing your holiday season budget.
- It is important to make sure that your budget is realistic and affordable. A good way to measure this is to have a look over your spending from last year’s holiday season, and decide what expenses were really necessary, and what you could cut back on. Then make a list of the things that are necessary and are within your limit. Do a shop comparison to see where you can get the items or services for the most reasonable price.
- Get creative when you are planning your holiday budget as your innovative ideas could save you a lot of money. You can have home-made gifts and décor, and find cheaper ways to entertain guests such as having a movie night or playing board games.
- Never underestimate the importance of saving! If you put any extra money you may have this holiday season towards savings or paying off accounts, you will be rewarding yourself in the future! A budget tailored specifically to your holiday expenses will help you keep track of your expenses, save and bring you into the New Year with less financial stress.
Celebrate your festive season differently this year and create a budget that you will adhere to and save yourself some money.