Business Hub

Christmas Edition: Worthy Wednesday Savers

Christmas is less than a month away. Sshhh I can almost hear everyone’s chin dropping. This frantic yet festive season has somehow ever so quickly approached us all again. Before you start running to the stores, or shopping online to purchase gifts for family, friends, colleagues, kids and pets let’s take a second and recollect our thoughts and let’s put a plan in place to ensure we don’t over spend on presents.   1. Talk to Family and Friends. Ensure that everyone is on the same page. Sit down and discuss the limits on gifts. Coming from a gigantasoraus family this is extremely important because let me reassure you the costs of buying a gift for every family member of the family can soon add up. Make a decision and all agree how much you will each spend on a gift per person. If this is still unbearable to your budget, maybe agreeing on that only children receive gifts.   Other suggestions may be Kris Kringle, where everyone draws a name out of Santa’s hat and that is the person you buy a gift for. Remember a thoughtful gift is more important than an expensive gift.   2. Set a Budget. Here at Moneysoft we use the word budget like others use hello. Budget is embedded in our DNA and whether we want to or not we can’t shake this term for the life of us. So setting a budget on the whole Christmas shenanigan, i.e. Christmas festivities, gifts and catering will allow you to work out how much you’re able and or prepared to spend on the above.   The amount will depend on how much you have saved up, how much you are willing to sacrifice from your current funds and really how much you can spare. Make sure to include decorations, presents, food, Christmas outings, Christmas parties, Christmas outfits…really anything to do with Christmas. By sticking to your budget, you will be able to decipher what you can and cannot afford.     No-one wants to see the New Year with over drafts, unexpected debts and credit card repayment lists as far as the eye can see. Stick to your budget peeps and be merry for this is the season to be jolly.