To some people, the New Year signifies only one thing: more expenses. With a lot less money to burn (because the holidays nearly drained everything), you’re now facing one of the most terrible realities of all time. Indeed it is such a bitch to be penniless before the year has even started, but we both know you’re not really broke, you just spent a little too much. I know I did.
While I’m not necessarily bankrupt, I would have to say, that I went a bit over budget. I didn’t want to bring out any cash from my bank accounts, I did charge a good sum to my credit card. I just have to brace myself for the bill coming next month. And mind you that those are just the routine expenses that any family incurs during the holiday. Or maybe I just underestimated the expenses.
Here are a few thoughts on spending during the holidays.
Money left is money saved. The small amount of money that’s left after buying everyone’s presents is money you should stash far away from yourself. Until the holiday season is over, the urge to spend is stronger than the urge to eat the whole fruitcake. Do your shopping for both Christmas and New Year, so you don’t have to spend separately on both occasions. Limit menu to what’s festive yet practical. The most prudent action is to know how many people you’re expecting so you won’t overspend on your feast.
Buy gifts on wholesale. Half the trouble of shopping is scouring the mall for individual gifts for your nephews and nieces. Instead of buying different gifts for each one which will most probably take a whole day of shopping, why not buy a dozen dresses for your nieces, and a dozen basketballs for your nephews? They wouldn’t mind having the same gifts. On the contrary, this could even be to your advantage – same gifts mean you don’t have favorites among them. Saves you the hassles of possible (and ungrateful) complaints.