Tips on how not to go broke this festive season

ENJOY the festive season with family and friends and, most importantly, without going broke through overspending.

• Put a limit on your total spending and keep to it.

Make a list of all anticipated spending and what each item or event will cost - commit to cash only spending.

• Manage your children’s expectations by sharing and explaining your budget.

• Make it gifts for the young only with extended family and friends.

• Give baked goods and food items as presents.

• Provide a service or use a talent, skill or hobby as gifts.

• Have your children spend their own money for gifts.

• Volunteer or give of your time as a gift.

• Give from the heart and start a tradition of giving “love gifts”.

• Give gifts that meet a need and suggest gifts you need and that you would buy anyway.

• Set aside money for unplanned miscellaneous expenses.

• Delay some gift requests for an upcoming birthday or another special occasion.

• Remember what the holiday season is all about.

The last tip is the most important. Remembering “the reason for the season” is the key - how many gifts do you remember.
Rather spend time making memories with family and friends.

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