5 Ways to Avoid a Christmas Budget Blowout

It is that time of year again when we are faced with the usual dilemma - How to enjoy the Festive Season without breaking the bank?

You don't want to enjoy the Festive Season and then receive a nasty bank balance shock in January, however, with planning (because #everyoneneedsaplan), here are 5 ways to avoid the budget going into the 'red' and still enjoy your Christmas and New Year Festivities.

5 Ways to Avoid A Christmas Budget Blowout

1. Make a Plan

#everyoneneedsaplan and the key to a successful Christmas is to make sure you plan your expenditure.

2. Separate Your Cash and Credit Cards

You should separate your cash and credit card expense budgets. Always using a credit card or cash card may mean you are not keeping track of your expenditure and could receive a nasty shock when the statement comes in January.

3. Specify your Credit Card Limit

Use a credit card that has a specific limit that matches your Christmas credit card budget.  This way you don't spend more than what you have budgeted for.

4. Withdraw the Cash You Require

Withdraw the cash budget, so when you run out, you know you have met your budget and won't overspend.

5. Include EVERYTHING in your Budget

Make sure you try to think of all expenses, no matter how small, that will be incurred during the Christmas and New Year holiday.

Once you've made your plan, and you know your expenditure budget, you can enjoy the Christmas/New Year festivities, without the worry of whether or not you are over spending.

To assist you in making your Christmas budget click here to download our FREE MCKFS budget form.

If you find it difficult to make a budget and stick to it, please do not hesitate to contact my office and arrange a FREE FINANCIAL ASSESSMENT APPOINTMENT because #everyoneneedsaplan to ensure they can meet their expenses during the Festive Season.