It’s almost that time again already, and that usually means that your bank account is quivering in fear as it knows that it’s going to have to cash out an awful lot of money this year. You see, every new year that passes, we tell ourselves how we’ll do things differently this time around so that you don’t have to spend so much money over the Christmas time and be forced to scrape by for the following months. It’s a time that should be enjoyed with all of your favourite people, as a pose to worrying about what to buy.
Having said that, there is no reason that you should miss out on doing whatever you want to do this year, it simply comes down to thinking ahead and managing your money better.
Here’s what you need to be thinking about.
Shop in advance
If you think about Christmas gifts a lot sooner rather than later, then you will not only be relieving yourself from a lot of stress towards the end of the year, but you’ll also be saving a lot more money too. This is because items and products prices go really high once the holidays set in, because stores and businesses know that this is when people are most likely to buy things on impulse, meaning more money for them. So all you need to do is outsmart them by getting most of your Christmas shopping done in the Summer, so by the time the season changes and people start to get that Christmas spirit – you already have your gifts boxed up and labelled.
Lower your interest rates
If you’ve taken out a loan in order to ensure that you have enough money over the Christmas period, then one thing that you’ll want to keep an eye on, is just how much the interest rates are costing you, as these are what determine how much you’re essentially able to save depending on how high the rates are. In some cases, you will be able to see how to lower credit card interest rate so you end up paying back less, rather than more. This can happen for many different reasons depending on who you’re with, but in most instances, it will be because they want to keep you as a customer. So do your research and see what you’re entitled to.
Pick up some extra shifts
If your work allows it, mention to your boss that you’d like to do some extra shifts or hours if and when possible, that way when there is a chance, you will be first in line. If you don’t have this option, then you can always think about picking up a part-time job in the evenings or on the weekends. This may feel like the last thing you want to be doing, but just think how much further all that extra money could go. Sometimes you have to do things you don’t particularly like in order to do the things that you love.