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
Make the focus on creating wonderful memories, not
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:
1) existing credit card debt;
2) personal loan debt; or
3) 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.