There is always a bliss in the air and a rush of the commuters on road in the festive season as each seek to find the best items to buy for one’s family. With the enthusiasm and the merry making in the festive season you always tend to spend more than you had assumed and as a result you end up in debt. If you are using your credit cards, then there is just no way out. When you go out for shopping it is very difficult to do away with the lure of buying one or the other wonderful goodies displayed on the shop windows. However it is important for you to keep your spending habits under control so that you don’t incur debt. Here are a few tips on how you can manage your finances during the festive season.[ Image Credit : Flickr ]
1. Make a list of presents you want to buy – It is important that you have a clear idea of the presents you need to buy and the allotted amount of money behind them. Take this list with you when you go for shopping. In this way you will be able to keep your expenses within a targeted budget.
2. Jot down what to give whom – More often than not; you know what kind of gift to give which family members and friends. Make a list of the names and the broad category of gifts you want to give them. Now you can find from online websites names and locations of shops where these items are found at more reasonable rate. You should try and go to these places to buy items so that you can save money.
3. Use cash instead of cards – The biggest challenge in the festive season is to go out on the road and refrain yourself from buying the wonderful items all around. If you carry multiple credit cards in your pocket, it is most likely you will end up falling into the trap of your impulse. Hence it is better that you carry cash during the festive season, as much as you would need to go about. In this way even if you find anything lucrative you won’t be able to buy it with the limited amount of cash you are carrying.
Thus by following the above simple tips you can save money in the festive season.