Personal Financial Planning for Christmas

Posted by admin on Dec 14, 2010

We are approaching one of the most emotive dates of the year but well as more commercial, Christmas, and that is why we must be prepared for the expense that represents us, from the Christmas meal at home up to the gifts. So the idea is save as much as possible on Christmas, without losing of course the joy and celebration that means the holidays.

The Christmas is the most expensive holiday of the year. We have to prepare dinners and lunches, buy gifts, decorate the house, send greetings and postcards. In addition, the streets are filled with Christmas post that tempts us with any decorative object or funny. If we are not careful we can spend the entire Christmas bonus salary and half in less than a month. How do we prevent this?

The following are some tips mostly to "hold" the money during the holiday season:

1. Separate the money will be needed for other days
There are families who spend big on Christmas and then be in distress a few days, this will not happen if you separate the money first.

2. Plan meals in advance
Develop a list of menus and what to buy should avoid using more expensive priced food at this time.

3. Set a limit for expenses
The important thing is not to establish the limit, but respect it, making a budget is something that allows people to spend no more than necessary.

4. Compare different prices online
The gifts and food are some of the higher costs. Thus, making a thorough comparison can make us save an insignificant amount. It said there was no Christmas shopping cannot be cheaper than online shopping. We can also avoid traffic and crowds typical of the era.

5. Share costs of Christmas
At Christmas families often come together. Involving many family members as possible. Each person can bring one item: the turkey, drinks, desserts, etc. You can also organize a Christmas gift game similar to the invisible or secret friend, where each person buys a gift for one of the others chosen at random, with agreed spending limit.

6. Send cards or e-cards
The card spending can no longer be an additional expense if we dared to use the virtual card. We can send Christmas e-cards free online or use the drawing of a child or a family photo and add text.

May above tips are useful for preparing our Christmas event. The important thing is the joy and the celebration of Christmas :)

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