Save yourself this Christmas
If the festive season usually leaves you out of pocket and feeling like you spent more time and money battling the crowds than relaxing with friends and loved ones, why not simplify things this year?
Here are some quick and easy tips to help you enjoy the holiday season without breaking the bank.
1. Have a pre-Christmas cleanup
There's still time to bag some extra cash to boost your festive finances. Spend a few hours clearing out anything you no longer need around the house, like clothes, books, jewellery, furniture, music, or sporting equipment. You could sell these items online, hold a garage sale, or find a local buy-swap-sell.
They say that one person's trash is another's treasure so, as well as pocketing a few extra dollars, you might just end up making someone else's Christmas extra special.
2. Make a list and check it twice
Make lists of the things you need to buy and the food you need to prepare for the festive season. Having lists will help you plan your spending and keep you on track.
3. Track your spending
Keeping track of your festive spending is the best way to avoid going over your budget this Christmas.
Use an app, write it down, or keep track through your online banking.
4. Be cluey about Christmas credit
If you don't have the cash to pay for your Christmas goodies up-front, you might be tempted to use your credit card, or use a buy now pay later service. Although these are convenient ways to get the things you need now, that convenience can cost you dearly if you find yourself still saddled with Christmas debt well into 2020.
Before you sign up to a buy now pay later service, make sure you understand what the terms and conditions are, how much your repayments will be, and when they are due.
5. Personalise your cards and wrapping
Most people throw away their Christmas cards once the festivities are over, which is just like throwing money in the bin.
This year, instead of spending your hard-earned cash on shop-bought cards that will only end up in the recycling bin, why not send your family and friends Christmas greetings they will want to keep? You could:
Rethink your wrapping by buying brown paper and string, or just use plain coloured paper to wrap your presents. Then you'll avoid pricey Christmas wrapping and can use the excess during the year to wrap other gifts.
6. Be a scrooge online
If you're Christmas shopping online, look for ways to save every cent you can. Before you start, do a web search for discount or coupon codes that you can use at the checkout. Look in the sales sections of retailers' websites to see what's on offer.
If you know what items you are looking for, search for them online instead of just going to one retailer's website. You might find it much cheaper somewhere else.
Search online auction websites where you can 'bid' for items, including supplies you need for Christmas Day. Make sure you include any shipping costs when you are comparing prices. The cost of some items can blow out once you add shipping, meaning it might be better to simply go to a store to get the item. Or look for items or shopping days that have free shipping.
Things are often much cheaper online than in a store, but you do need to take extra precautions when shopping online.
7. Get social with Christmas shopping
If you follow your favourite brands and retailers on social media, you may be able to get exclusive discounts through these social channels. Their newsletters may also alert you to sales and deals.
There are also discount or deal apps that you can use to find bargains that you can use as Christmas gifts.
Before you buy any deal or discount, always check the terms and conditions to make sure you know what you are getting and make sure the website is legitimate. See the ACCC's SCAMwatch website for tips on how to pick an online shopping scam.
8. Master the art of Christmas gift hacking
There's a lot of pressure to spend up big on gifts at this time of year, but pricey presents aren't necessarily the way to go. Here are some ways you can show you care, while keeping a lid on your spending:
9. Shop like you're Santa
Santa is always well-prepared and does his shopping on time, so why don't you? If you are going to shop in-store, consider these rules-of-thumb to reduce Christmas shopping stress and limit the temptation to over spend:
10. Give to those less fortunate
Spread the Christmas cheer by giving to those who are doing it tough. Consider donating to a charity on someone else's behalf and give this to them as a gift. As well as money, many charities also accept household items, clothes and groceries at Christmas, or you could volunteer your time to help them out.
11. Lighten your load on Christmas Day
The costs of entertaining can skyrocket at this time of year. But, with some simple planning, both you and your wallet can enjoy the fruits of your labour. Here are some ways to lighten the Christmas load:
Read our article on simple ways to save money for more tips on cutting costs at the supermarket.
12. Plan for next Christmas
Once this Christmas is done and dusted, start planning ahead for next year! Here are some ideas to make sure you are set up for next Christmas: