“Christmas is coming and the geese are getting fat” is what the carol singers used to chorus. What they didn’t mention was that the wallets are getting thin at such a rate that even “putting a penny in the old man’s hat” is unlikely to finance that fat goose for the Festive table. And no, a “ha’penny” won’t do. What will do, is some careful last-minute budgeting according to Baxton Property Management in Hobart – and, perhaps, some new inflation-orientated lyrics.
Nothing’s worse than waking up on the 25th of December to the cruel financial truth that your rent’s due in a few days. There’s also still a lot of fun to be had between now and New Year’s, but the last of your cash is tied up with a bow under the tree. And you’re not at all sure your significant other is even going to like that gift. How you wish you hadn’t splurged on duty gifts and last minute anything-will-do presents. And we haven’t even mentioned that fat goose…
How to stop the overspend blues
- Cut back your gift list. It’s all very well buying presents for those you love. For the rest, simple tokens that indicate you’re thinking of them should suffice. A packet of home-made chocolates or cookies might do the trick.
- The 4 gift rule: This very simple approach to selecting gifts suggests buying only things the recipient wants or needs, or can read or wear. At least it cuts down the number of stores you need to visit and avoid impulse or last-minute buys.
- Stick to your list. Whether you’re shopping for gifts or the Holiday Dinner, get your ideas for both down on paper. Do some on-line price checking and plan your shopping trip accordingly. Then make sure to do the shopping well before the holiday crowds, and the festive music and flickering lights make you spend more than you want to in order to get out of there quickly. And while you’re at it, why not simplify the Christmas dinner (don’t we all usually overeat?) and try your hand at home cooking and baking.
- Hide your credit card away and be very careful not to go into overdraft or spend beyond your credit limit. Building debt will only turn your presents into the gifts that keep on taking – you could end up squaring the debt just before you have to start a new one next year.
- Don’t try to keep up with the Jones. Find thoughtful gifts instead of price-tag ones. If your budget is tight, there’s no room for status seeking, and neither you nor your loved ones want you to be stressed and haggard on New Year’s Eve, or enter 2018 under financial pressure.
- Be proactive. Spend now and play later. Take care of the everyday must-pays ahead of time so that you can have fun with what’s left in your bank account. Pay your rent a rental period ahead, make sure you have funds for electricity, and that you can cover the month-end standing orders. Then live frugally till the Festive Season really kicks in, so you can afford to enjoy it.
The Festive season is meant to be just that – festive. Baxton Property Management in Hobart wishes you the merriest and happiest of holiday seasons and offers these budgeting tips in the spirit of the season. Pick up other holiday tips on the Baxton blog.
Written and syndicated by
– Baxton Media.
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