Newspaper article The Observer (Gladstone, Australia)

Budgeting Tips to Get You through the Festive Season

Newspaper article The Observer (Gladstone, Australia)

Budgeting Tips to Get You through the Festive Season

Article excerpt

Byline: AMP Financial Planner Kylie Pryce

THERE'S nothing better than seeing our loved one's faces light up on Christmas morning when they open their presents. And while giving gifts is a great way to show we care, it's very easy to spend like crazy.

In the lead up to Christmas, many people's budgets and savings can be ruined by spending sprees of yuletide proportions. However, with a little bit of thought and planning, it is possible to have a jolly Christmas without putting a strain on your budget.

Twelve budget tips for the 12 days of Christmas:

Do a budget Co write out a list of the people you'd like to buy for and put a price limit next to each name. If it adds up to too much, review the limits you've set.

Organise a CySecret Santa' Co instead of buying a gift for everyone, consider a CyKris Kringle' arrangement where each member in your family draws a name out of a hat and only buys a present for that person. Don't forget to set a price limit so that no one goes overboard.

Shop in mid season sales and use catalogues Co get organised and start your shopping early at the mid-season sales. Most of the big department stores are still in sales mode, offering discounts of up to 40%.

Don't forget layby Co it may be a bit old fashioned, but many shops offer no deposit laybys right up until Christmas.

Shop online Co more often than not you can find the item you want for a lot less online. Books make a great Christmas gift and can often be ordered on the internet at heavily discounted prices.

Get baking Co the most appreciated gifts are often the ones that are made with love. Homemade fruit cakes, rocky road, shortbread, jam and relishes are festive favourites that never fail to impress.

Stockpile Christmas groceries Co pop a few extra items in your shopping trolley each week and store them away in the pantry, so your Christmas grocery shopping bill won't be so scary. Stock up on items when they're on sale or look out for Cytwo for one' deals which make for really economical Christmas shopping. …

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