With Christmas day just under 1 month away, now is the ideal time to take a good look over how much you plan to spend and who you plan to spend your money on.That way, you can be prepared to keep everybody happy and your money situation in tip-top shape.
Here in Ireland, families are reported to spend a whopping €1,500 (some estimate the figure to be much higher) on Christmas presents, food, events and travel.
And because we know it’s a little late in the year to write about long term money plans, we thought it might be more appropriate to focus on keeping the spending UNDER CONTROL!!!
So, here goes some very practical tips to keeping the season merry and bright:
1. Set your overall Christmas budget! Yes, control is really important. And we know that families in our Common Bond would like nothing more than to have a fantastic Christmas season and not break their credit union account in the process. So, set your money budget and stick to it!
2. Write that list. You can achieve great things with a list as it provides some fantastic focus. Go ahead and list out everybody you plan to buy a gift or token for. You see, a list will help you refrain from ‘emotional’ spending, that’s spending where you can quickly lose the run of your wallet.
3. Borrow responsibly – if you must use credit to get you through the Christmas season, do it responsibly. Credit card spending, while convenient can be expensive, especially if you only make the minimum payment afterwards. Using a Member Christmas Loan can be a smarter option as it means you pay less interest than a credit card and you can decide in advance how much you want to borrow. This special deal from St. Joe’s might just the option for you; you can even calculate your weekly, bi-weekly and monthly repayments HERE.
So, there it is. Enjoy the Christmas planning and make sure you keep the spend in check. Your 2018 wallet will thank you for it.
With Christmas day just under 1 month away, now is the ideal time to take a good look over how much you plan to spend and who you plan to spend your money on.That way, you can be prepared to keep everybody happy and your money situation in tip-top shape.
Here in Ireland, families are reported to spend a whopping €1,500 (some estimate the figure to be much higher) on Christmas presents, food, events and travel.
And because we know it’s a little late in the year to write about long term money plans, we thought it might be more appropriate to focus on keeping the spending UNDER CONTROL!!!
So, here goes some very practical tips to keeping the season merry and bright:
1. Set your overall Christmas budget! Yes, control is really important. And we know that families in our Common Bond would like nothing more than to have a fantastic Christmas season and not break their credit union account in the process. So, set your money budget and stick to it!
2. Write that list. You can achieve great things with a list as it provides some fantastic focus. Go ahead and list out everybody you plan to buy a gift or token for. You see, a list will help you refrain from ‘emotional’ spending, that’s spending where you can quickly lose the run of your wallet.
3. Borrow responsibly – if you must use credit to get you through the Christmas season, do it responsibly. Credit card spending, while convenient can be expensive, especially if you only make the minimum payment afterwards. Using a Member Christmas Loan can be a smarter option as it means you pay less interest than a credit card and you can decide in advance how much you want to borrow. This special deal from St. Joe’s might just the option for you; you can even calculate your weekly, bi-weekly and monthly repayments HERE.
So, there it is. Enjoy the Christmas planning and make sure you keep the spend in check. Your 2018 wallet will thank you for it.