Festive money saving tip #1: Work out how much you’ve got to spend
Before you start making lists of what you need to buy for gifts and groceries over the festive period, you need to draw up a budget first. This is a vital money
You need to work out how much you can afford over the festive season and then work your shopping lists from there.
You should only spend what you can afford. Racking up loads on your credit card isn’t a wise choice, neither is your January credit card bill.
Festive money saving tip #2: Cut down your gift list
Buying gifts for all your nearest and dearest is a costly exercise. It’s a good idea to start discussing cutting the number of gifts by chatting to family and friends now.
You could opt to only buy for the children or do a ‘Secret Santa’ amongst your friends to reduce the number of gifts you need to buy and the amount you spend.
Festive money saving tip #3: Start preparing for next year
This year, keep a record of everything you spend over the festive season. Using this as a guide, start putting away a monthly amount once the New Year begins to start preparing for next year.
For example, if your festive season spend costs you R8,000 this year, to save up enough for next year and to take the pressure off, you need to put away R667 a month from January.
So there you have it. Three top ways to save money over the festive season.
*********** Hot off the press ************
I want to show you how to create multiple income streams for yourself
When most people think of extra income they think of athletes and actors who get endorsement and advertising deals.
But the truth is that anyone can create extra income streams. You don’t need well-placed connections. You don’t even need to be especially smart.
All you need is the willingness to invest a little extra time in learning about your options – and then invest a little more time and some money pursuing them.
If you believed the myth about getting a good education, finding a good job, and moving up the company ladder, this is a good time to disabuse yourself of that notion. If it hasn’t worked for you so far, it’s not likely to work for you in the future.
Yes, you can live a comfortable and perfectly satisfying life that way. (So long as the company you work for stays healthy.)
If you are more ambitious than that, you should read the Minimum Wage Millionaire.