PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Ruth Cummings Gombe
 
Comments: 0
Article views: 170
 
 
Latest Badges:

 
View all Ruth Cummings Gombe's badges.
 

The Holiday Blues

30 November 2012, 20:10

I begin with a *sigh* as we approach the holiday season.

I have seen how some people work so hard all year, and look forward to a nice break in December.

Then those same people take their hard-earned money and plough it all into travel, food, drinks, clothes and (sometimes useless/unnecessary) gifts for one day, then in January, visit banks, loan sharks, family and friends for extra cash to make ends meet.

It just does not make any sense!

Yet year after year, they repeat the same pattern.  Thus, those who plan and budget carefully have named it the silly season!

People need to start planning!

I'm not saying there is anything wrong with having a bash with family and friends, but don't do it out of budget...plan for it!

Don't spend blindly then count your loss in January when schools are threatening to send your kids home, and your rent/bond are due. Debts don't go on holiday, unfortunately. 

A good tip is to start by setting aside money to cover your usual monthly expenses, then budget for your holiday spending based on what is left.

This works especially if you work for an organisation that pays December salaries earlier than the normal payday.  Also, avoid buying on credit outside of your normal monthly spend, as you will simply find yourself even heavier in debt in January.

Don't let the new year creep in and find you holding your head in your hands as you try to figure out how to make ends meet.

Be wise with your money, do not become a 'silly season statistic'.  It will cause you to start the new year on a sour note, and that can ruin your plans for the year.

Spend with your eyes open, remember that retailers have spent a lot of time and money planning on how to 'relieve' you of your hard-earned money. 

Music, lighting, decor, shop arrangements, late night shopping, promotions are all designed to encourage you to spend more, so be careful when shopping.

Next year, try to plan for your holidays earlier.

Have a 'holiday fund' where you can put aside money each month, or join a legitimate stokvel or investment group where your money will earn interest.

All in all, I wish you all happy holidays, drive safely, be vigilant at all times and most of all, enjoy!

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Thulane Che Trosky
The R 6 million Zuma spent.

When making ludicrous decisions neither the ruling party nor any individual seem to really worry of how they are exploiting and misusing state and or taxpayers money. Read more...

3 comments 252 views
Submitted by
Thulane Che Trosky
The PWD and the billions

The Minister of Public Works in the National Assembly tabled a report that the Department which he manages, cannot account for an approximate R 35.9 billion. Read more...

3 comments 201 views
Submitted by
Adv Sphamandla Blose
Our heritage, our culture

Celebrating the importance of the Heritage month, Xhosa traditional clothing is one of the most recognised attire that symbolises the rich culture which brings its own vibrancy to our diversity. Read more...

12 comments 519 views
Submitted by
Vulcan Trekkie
What makes you African? Tackling ...

So what makes you African? Is it the colour of your skin? Is it the continent you where born on? Is it your culture, your language or something else? Read more...

28 comments 491 views
Submitted by
Kalos eidos
Obama's UN Speech. How can we bel...

His speech smacked of a New World Order bent, without resorting to the term outright, he used words and phrases like unity, collective, an interconnected world; enforce international norms and so on.  Read more...

35 comments 1119 views
Submitted by
luckyluke
Blind loyalty

What is it that Zuma has that instils the blind loyalty we witness from his most senior appointees in his Cabinet? Read more...

13 comments 370 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Deal of the week!

20% off Afrikaans books, music and DVDs. Offer valid while stocks last. Shop now!

Save up to R1000 on Hisense smartphones!

View the large range of Hisense smartphones. Buy today and save up to R1000!

Hot gaming titles – available for pre-order!

Call of Duty: Advanced Warfare Day Zero Edition, Far Cry 4, Grand Theft Auto 5 and more. Pre-order now!

Get a free eBook

Buy 3 eBooks and get the cheapest FREE. Offer valid while stocks last. Shop now!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.