Christmas is just around the corner!
It's that exciting time of year when we get to spend time and unwind with the ones we love.
Let's be sensible this time of year. Instead of going crazy with the credit card over Christmas (and ending up with an awful January credit card hangover!) have a think about an alternative way to approach Christmas.
Make the focus on creating wonderful memories, not unnecessary debt.
Here are a few tips:
1. Take your budget for Christmas gifts and HALVE IT
Trust me, you'll still be able to find presents at a reduced budget. Take the half you've saved and put it towards paying off either:
- existing credit card debt;
- personal loan debt; or
- your home loan debt.
Tackle the debt with the highest interest rate first which is usually the credit cards.
2. Give meaningful gifts!
A few years back at an office Christmas party a colleague gave a Kris Kringle present of a donation of 2 chickens to a family in Africa, it cost $25. I thought that was really cool.
We don't need more 'stuff''. Give a gift that is a donation to a charity on their behalf, anything that will help out others, a swag for homeless people, a chicken for a village etc. Everyone feels good for this, you do, they do and most certainly the beneficiary of the donation. High-fives!
3. Get back to basics
As a parent of two young children, I have asked family not to buy them presents, but put their money towards spending time with them, whether it be a visit to the zoo or an afternoon just hanging out. These are the things she will remember not additions to the toy box.
All kids want and need at a young age is food, shelter and lots of love and attention. Don't we all? Let's remember giving someone your time is the most precious gift of all.
4. A different approach to the Advent Calendar
A while ago, I came across this great idea on Facebook for those of you with kids:
- Wrap up children's books (they don't have to be new books). Put them under the Christmas tree with a special blanket next to them. Before bed each evening, let your child choose one book to open and read together...until Christmas.
That's a wrap...
This is my last broadcast for 2016. It's been a wonderful year thanks to the wonderful support from my friends,family, clients and business network.
I hope you make lots of good memories with friends and family over the festive season.
Wishing you good health and good times in 2017!