How To Get A Splendid and Happy Christmas season during the pandemic

Set A Budget For Christmas Spending 

Because of the unpredictable direction that the pandemic is heading towards, it would be wise to not over spend more than you have.

First draw up a budget for your Xmas spending, not just on presents but the additional spending on food, drinks and socialising.

Embed this Christmas element of your budget within the rest of the household budget, so that you can manage the overall effect Christmas spending has on your finances over a number of months.

Try not to allow yourself to be pressurised–even by your children or close family–into spending more than you can really afford.

Use Savings Wisely

 

Make sure that you know how your extra spend is going to be financed, Perhaps it means withdrawing funds from a savings account inwhich case make sure you access the money from the account paying the least interest you can pay.

Cash In Christmas Club Accounts And Loyalty Cards

You can finance your spending by cashing in the balance held in a Christmas Club account, built up during the year to spread the burden of Christmas spend.

Maybe you also have credits on your store loyalty cards. These do not earn you any interest, so cash them in to help finance your Christmas spendings.

Shop Around And Look For Deals

When it comes to shopping, further good rules apply.Shop around and look for deals–many retailers are discounting their prices even as the festive season gets underway and there are good deals to be had.

Fashion retailers have had a difficult few months, as the warm autumn has hit spending on clothing designed for autumn and winter – many are discounting prices to get customers through the door.

Media stories have highlighted the fierce competition between the supermarkets, providing opportunities to secure your Christmas shopping at bargain prices.

Get Your Finances On Track In The New Year 

When celebrating Xmas, always have in mind that the Xmas is not always going to last forever.

Always plan ahead of time, especially because of the pandemic, people does not know what lies ahead of the pandemic.

Have a wonderful and Splendid Xmas and a prosperous Happy New Year.