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Wednesday, October 4, 2017

Christmas Is Coming: It’s Time To Talk Finance

It might only be October, but Christmas is on the way, which means that if you haven’t already, it’s time to start thinking about the financial side of the holidays. Let’s be honest about it, the festive season doesn’t come cheap, does it? From the cost of holiday parties and food to the price of Christmas gifts and trips to visit Santa, the festive season is an incredibly expensive time of the year.

While Christmas is expensive for every parent, when you are flying solo as a single mom, it’s even more expensive. However, despite your lack of funds, the chances are you want to ensure that your children still have the most magical festive season. With that in mind, the question is: how can you make the festive season more affordable? Read on for some useful inspiration and ideas…

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Photo source Pexels 

 Put aside a little each week

When it comes to making Christmas more affordable, one of the best pieces of advice to take note of is this -put aside a small amount of money each week. Obviously, starting earlier than October will give you a larger budget to play with, but even if you put away $10 a week up until Christmas, you could still save over $100. A word to the wise, next year start putting money aside in January, to make life easier for yourself come next Christmas.

Take advantage of buy now, pay later 

In the run-up to Christmas, a lot of companies start to offer a ‘buy now, pay later’ option when it comes to payments for gifts, food and decorations. If you are able to use this payment method to spread the cost of Christmas, make sure to take advantage of it. If this isn’t an option, perhaps you could consider borrowing the money that you need from a payday loans direct lender and then paying it back over a set period of time? As long as you can afford the repayments, then this could be the ideal option for you.

Go DIY with your gifts

Remember, giving a gift doesn’t have to mean buying a gift. Often, homemade gifts are considered the best kind, because they have a sentiment behind them. Whether you choose to make homemade fudge, sew throws as gifts, or give homemade boiled sweets as gifts, it doesn’t matter. DIY gifts make great festive treats and are also a fantastic way to cut costs during the festive season.

Shop the sales

In the lead-up to Christmas, there are always some great sales, from Cyber Monday to Black Friday, so it pays to take advantage of them. Research when all of the best sales will go live and use them to stock up on gifts and food at a discounted price. From stocking fillers for your little ones to Christmas food for your holiday party, you can take advantage of the sales to make the festive season that little bit more affordable.

There you have it, everything that you need to know to make the festive season more affordable. Christmas may not come cheap, but with the above hacks, you can make it more budget friendly.

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