5 tips to ease the financial burden over Christmas
Create a household budget to see how much money you have to pay for everything you are planning
The festive season is here and budgeting can be very difficult. Here are a few tips to ease the financial burden of the holiday season.
1- If you have non-negotiable items that will have to go on a credit card, work out when and how you will pay off the debt. You should say no to things that are not in the plan if you can’t afford them.
2- If you are entertaining, consider if anyone is staying over and if so, where and for how long? Will they assist with the budget or not? What do you want on the menu for the big events? The budget will show if you need to serve chicken or lamb and if people need to bring their own drinks.
3- Create a household budget to see how much money you have to pay for everything you are planning. Start with non-negotiable items like rent or car repayments and factor in the January expenses that need to be paid before you get paid again.
4- Remember school fees in January. Once you have budgeted for these, you can look at your needs and wants.
5- If you are travelling, have you paid for everything already? Have you factored in the toll road fees, additional treats, activities and eating out?
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