Tightening The Belt Over Christmas

The festive season is fast approaching which can prove to be an expensive time of year. It is important to keep an eye on your spending to avoid heading into the new year with unnecessary debt or a depleted bank account.

We have put together a shortlist of four ways to tighten the belt this Christmas.

1. Kris Kringle: Instead of purchasing gifts for your entire family, opt for the Kris Kringle or Secret Santa method. Not only can you cut down on spending, but you’re also more likely to receive one quality present as opposed to excessive bath salts and cheap chocolate.
2. Get organised: Start planning for Christmas early by purchasing presents throughout the months leading up to Christmas. You’ll avoid having to fork out the money in one hit and you can probably snag some bargains along the way.
3. Get thrifty: Hit two birds with one stone and have a spring clean! See what you have lying around the house and hold a garage sale to raise some funds. Alternatively, selling on Gumtree and Facebook Marketplace is a great way to make some additional cash.
4. Spend smart: Take the time to do a bit of homework before you get shopping. Hunt around for varying prices on the same item. Buying in bulk is also a great way to save your money – hello Costco!