How to shop smart and still have money in your pocket

The festive season could have a less than festive end if you were to be left out of pocket because of overspending.

So make sure to plan your spending properly and escape being broke during this festive season.

Here are some practical tips that can assist you:

– Identify the people you’re shopping for and draw up a list of the possible items you might want to buy for them. This helps create a clear plan to prevent anyone significant from being overlooked.

– Determine how much you can afford, calculate all your prospective expenses and determine what you can afford to spend on gifts without affecting your other expenditures and holiday budget.

– Divide the amount you are spending on gifts between the people on your list. Total up the expected spending for all the gifts and decide how much you are going to spend on each individual.

– Leave room for overspending. Some items may not be available in the colour, and/or size of your choice or anything else may happen which may require you to change your gift. That gift may also be more expensive than the original and if you overspend on a gift, just adjust the spending towards another gift to make up for it.

– Track your spending. Always remember to be constantly aware of your financial status throughout the festive season. Track all your expenses to prevent running out of money.

Then smile because January will not be a difficult month for you.

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