Consolidated debt solutions

2015-10-28 06:00

DON’T let debt get you down this festive season.

As year-end approaches consumers should be careful not to be lured into overindulgence as well as unnecessary debt over the festive season, especially to fund Christmas gifts and celebrations.

The festive season is the perfect opportunity for consumers to recklessly overspend, consequently leading them into the new year with a festive season financial hangover, and subsequently regretting their holiday debt.

With discipline, planning and following the tips here, you can minimise having to pay your festive debt throughout the next year.


Prior to the festive season, try save as much money as you can, this will alleviate some of the pressure during the holiday season.


Plan your festive season spending wisely. Take into account your household income and all of your expenses for December and January. Then determine the amount of money you can afford to spend over the holidays. Be disciplined and stick to your budget instead of taking loans and using credit cards and adding more financial pressure.

Cash and/or debit card

Avoid shopping on credit if possible, instead pay for items with cash or your debit card. By doing this, you will be conscious of what you are spending and wont overspend. Leave credit cards at home.


Credit becomes dangerous when you use it to purchase consumable goods, like gifts, festive season splurges, food and alcohol. Do not overspend on perishable items as you will have to pay it back in the new year.


When it comes to shopping make a list of exactly of what you need to buy, who you need to buy for and where to purchase it from. This will prevent getting caught up in the holiday shopping hype.

New Year

Budget properly and keep your finances for January and the months ahead in mind. Instead of waiting for the new year to come, plan a budget now and stick to it. This will encourage you to spend responsibly over the festive season. Although there is a possibility that you may overspend as unforeseen expenses do arise, budgeting will create awareness.

- Consolidated Debt Solutions.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


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 network.


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.