Set Your GoalsBefore you do anything else, you should work out what you want to achieve by December. It is a good idea to make a list of everything that you need to save for, and allocate how much you will be spending on each thing. Work out a rough figure for entertaining costs, travel and holiday expenses, and how much you will be spending on presents. By listing these expenses, you can work out how much your savings goal needs to be, as well as starting to set guidelines on how you can save the money.
Tweak Your BudgetNow that you know how much you want to save, you can start to tweak your budget to help you achieve your Christmas goals. Spend some time evaluating your current income and expenses, and work on cutting back on unnecessary costs to give you more money for your savings. It can really help to open a separate account for all of your festive season expenses so that you can accurately keep track of your progress.
Keep an Eye on the SalesBuying presents doesn’t have to be done in December, and savvy shoppers know that some of the best deals can be found during clearance sales throughout the year. Lay-by is also a good option when you spot a great deal and want to work on paying it off over the months leading up to Christmas.
Online AdvantageBuying online is simple, easy and convenient. Not only are the prices usually far cheaper than buying in store, many online sellers offer the benefit of gift wrapping for a small fee. This means you can do your Christmas shopping from the comfort of your computer, then have the present gift wrapped and delivered right to your door!
Talk to a ProfessionalSometimes it can be hard to get started, especially if you have already experienced some financial stress. By calling the experts at Fox Symes, you can have a constructive consultation on ways to get on track with your finances. As a leading provider of debt solutions and financial advice to thousands of Australians, you know that your finances are in the very best hands. Check out the Fox Symes blog for more information and quality financial tips to help you get your finances sorted before the festive season strikes.
With these simple and easy tips, you can take the financial stress out of Christmas and spend more time focusing on enjoying the festive season with family and friends. Remember to chat to the professionals at Fox Symes for specialised advice on your personal finances, and ways that you can increase your savings. Be proactive take action today to ensure your Christmas will be a stress free and enjoyable holiday!