Posted: 29 November, 2016 by Newsroom

These Tips Will Help You Manage Your Christmas Spending

Ho ho ho!

Tags: christmas

It’s the season for spending – and with Christmas now less than a month away, Australians are set to splash a lot of cash around!

The Christmas Debt Survey from found that Aussies will spend $9.77 billion on Christmas gifts this year, up from $2.2 billion last year. 

If you want to keep your spending towards the lower end of the scale, consider these money tips:

Set a budget

  • Allocate a certain amount for each person that you have to buy a gift for.
  • Don’t be tempted to go over your set amount.

Plan ahead

  • Decide what you’re going to buy each loved one early so you can look for the best prices and won’t end up with shopping centre stress.

Start shopping early

  • This allows you to spread your spending over a larger amount of time, and reduces the last minute Christmas shopping stress.

Shop online

  • It’s easy to price match and you’ll be less tempted by in store promotions.

Don’t go overboard on your credit card

  • It’s very easy to put all your purchases on a credit card, but try to keep your spending in line with your established budget and avoid the credit temptation. 

Tags: christmas

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