Budgeting Tips for the Christmas Season
This Christmas, always keep note of the following:
- Avoid spending more than you earn.
A little splurging at Christmas time is commonplace, however don’t put yourself into financial difficulty to celebrate for a season. - Make a shopping list and set a spending limit.
Don’t be afraid to trim the list down if it is too long. Work out the total amount of money you want to spend and divide it among the “items” on your list. It doesn’t have to divide evenly. - Spread out holiday costs.
Most of us don’t launch into our Christmas shopping until December however there’s no reason you can’t knock a few things off your list early. Go ahead and put a little extra money in your November budget to purchase Christmas cards, wrapping supplies, and a nice gift for the nephew. This will leave you feeling a little less stressed by spreading out your costs. - Do it yourself.
Homemade gifts are a great way to maximize your giving without increasing your budget and it adds a nice, customized sentimental touch to your giving. - Track your spending.
Don’t just swipe your card frivolously. Get in the habit of keeping receipts and keeping tabs on your purchases. Categorize your expenses and look for ways that you can save where you can. - Get That Handyman Contract.
It is not secret that it’s customary at this time that persons seek to “spruce up” the home for the season. This may include minor and major repairs or renovations. Remember when doing your home improvements to get a copy of the Handyman Contract. This legally binding document is a template provided by the Consumer Affairs Division that outlines all the terms and conditions between the client and tradesman to ensure that they are protected. A copy of the contract can be sourced here
Shopping for Toys
Shopping for toys during the holidays can be exciting and fun but safety is a MUST. Toys that are meant for older children could be hazardous for younger children. Here are some tips to help you navigate the toy stores and keep you child safe and put a smile on their faces this Christmas.
- Read The Labels on Toys. Labels on toys usually include age recommendations, safety standards and whether or not the item contain small parts. Be VERY thorough reading label before purchasing anything for your child.
- Inspect toys for damage, breakage or unintentional loose parts.
Flea Market Shopping
When shopping at flea markets or expos this Christmas, pay attention to the following:
- Remember your receipts. In expo or flea market settings, it is very easy for you to make a purchase without collecting a receipt. Remember to ask for a receipt if one has not been issued to you. This is your only proof of purchase and is necessary if you need to exchange or return the item.
- Flea markets, by nature, are not permanent vendor establishments. Some may offer items/goods that may require a guarantee/warranty. It may be wiser to purchase these types of goods at vendors whose establishments are more permanent which would allow you redress if the item appears to be faulty.
- Flea markets are perfect for comparative shopping. Walk around and look for good deals. There is usually more than one vendor selling similar items and pricing is usually very competitive.
- Examine all goods THOROUGHLY prior to purchase. Check for any damage to the item.
- For electrical items (like phone chargers, mini appliances, etc.) plug them in and test them to ensure that they work.
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