It’s just a few weeks till Christmas, and you can already smell the frenzy that comes with the season. There are several advertisements urging you to start shopping, fashion and grocery shops enticing you with Christmas bundles, and, of course, your family members are already requesting that special Christmas treat.
Since the Covid-19 Pandemic dampened the fun last Christmas, it’s expected that this year’s celebration will be a little more extravagant, which means a lot of temptation to overspend your money. However, with a little planning and budgeting, it’s possible to celebrate without spending all of your money or emptying your bank account.
Here are some tips to guide your spending during the Christmas season.
1. Create a budget for your Christmas spending
Before you start spending, list out your Christmas expenses and set a budget for each one. If you are disciplined enough to stick to your list, you will be able to avoid unnecessary purchases and overspending.
2. Start Shopping Early
If you believe it’s too late to begin now, wait until the very last minute to see how expensive things will become. It is preferable to start shopping in November rather than waiting until a few days before Christmas when there’ll be a mad rush for things and prices will skyrocket. Don’t wait until the last minute to start your Christmas shopping because you don’t have enough money; you can get a loan of up to N200,000
3. Keep a record of your expenses
Having a budget does not guarantee that you will stick to it.Keeping track of your expenses as you go might help you stay in control of your spending. If you do this, you may be shocked to find that you have money left over after checking everything off your list.
4. Source for great deals
Take advantage of discount offers, Black Friday discounts, and shopping coupons to get the greatest deals. Making use of price comparison tools to see where you can get the finest deals can also help you save money.
5. Keep to your Christmas list
This is arguably the most difficult thing to accomplish, but going off your list might derail your budget, so you must make a conscious effort to stick to your list and resist tempting offers.
Bottom line
Following the tips above will allow you to have a wonderful Christmas while still keeping your finances in order. However, don’t be too rigid with your budget; it’s been a long year, and you deserve to enjoy a wonderful Christmas with your family. Get a loan of up to 200,000 if you need some quick cash to make it happen.
