How to do festive season differently

The festive season comes with a lot of financial responsibilities and burdens. It can be tough to make it through, for those whose budgets are already tight.

But, if you do things a little differently, it can be much easier. Follow the tips below to lighten your financial load and make your festive season one to remember.

Budgeting over the festive season 

Most importantly, you should be realistic. But here are some other tips to get your budget sorted:

• Write down a groceries list in the same way you would write down a budget.

• Set your budget tight for festive spending as a way to curb over-spending.

• Shop around for better deals targeting discounted festive prices.

• Don't get carried away when doing your shopping. Shopping lists come in handy and should be a guideline of what you need. Be careful - shops will be well decorated to induce impulse buying.

Don't get too excited when it comes to spending money

Generally people are paid earlier in December and, for some, bonuses are paid as well. Most people assume that they have quite a lot more to spend than normal, which in some instances is true, but for most this can be dangerous.

A budget that controls your festive season spending and post festive season expenses can be your best friend.

Avoid unnecessary expenses

One thing that ends up taking a lot of people's money in the festive season is traffic fines. Obeying traffic laws and hence avoiding traffic fines during the festive means avoiding unplanned and unnecessary expenses.

Extra tips for doing the festive season differently

• Avoid new credit and using credit that you cannot afford.
• Start planning for the New Year.
• Start saving more
• Take advantage of festive discounts (smart shopping)
• Purchase back-to-school items before the New Year
• Plan holiday getaways in large groups to get discounts

It is always easy to get into more debt during the festive season thinking you will recover in the New Year. Make smart financial decisions this festive season that won’t leave you in debt in the new season.