The last quarter of the year is chock-full of holidays. From Madaraka Day to Christmas to new year celebrations. If you don’t consciously plan for this period, you are bound to overspend and end up in a financial crisis at the beginning of the new year. But you don’t have to spend a fortune or end up in debt to enjoy the holidays. Soko Directory went out and compiled some tips to guide you through this joyous season.
Make a budget
Determine your overall budget and decide how much you want and can afford. This will help you avoid impulse buying. Spend within your budget and stick to it. Shopping with someone who can provide a voice of reason is the best way to keep from overspending.
Look out for sales
Most stores have mega sales at every end of year with assorted products ranging from furniture to clothing and electronics selling at fractions of their normal prices. Take advantage of those amazing offers to spend less on quality products.
Pay cash
It’s all fun and games when you swipe away in malls and hotels, but the embarrassment of your card being blocked is not good at all. With a card there is no limit on your spending, so it’s a lot easier to run up debts on a credit card. If you’re paying with cash, you’re limited to spending what you have in your wallet, and when you’re out, you have to stop.
Give personalized gift instead of expensive gifts
When you want something nice for friends and family during Christmas, get something that they really need. For instance, a gardening book for your sister who loves gardening, this prevents you from buying unnecessary things.
Take advantage of vouchers and reward cards
This is a great tip, especially if you are a frequent shopper in supermarkets, those points you add every day when you shop could be redeemed for something you have always wanted, like a nice coffee table or a bicycle for your child.