Plan for a Christmas to remember - not regret
Message from Budgeting Services North Canterbury
Christmas is a wonderful time to meet, give and celebrate - but it can also bring pressure to spend more than we can afford.
Between gifts, food and festive outings, it's easy to lose track of costs.
When the decorations come down, then the reality of repayment sets in - and that "holiday hangover' can last for months.
Budgeting services see this every year. Many people feel pressure to impress or to make everything perfect but the truth is that Christmas doesn't have to be expensive to be meaningful.
The best celebration are about connections, not over-indulgence
Here are a few simple ways to keep the joy and skip the debt:
- Make a plan and stick to it: Set a budget for gifts, food and extras. Writing it down helps you stay on track.
- Keep it fair: Talk to family or friends about gift limits or try a Secret Santa so that everyone gives and receives just one throughtful gift.
- Broach the idea through a family group chat: For example "With inflation, it's becoming more difficult to afford xyz. This year could we consider doing a Secret Santa situation or another limit for gifts?" You might be surprised at the response! Others are probably too embarassed to rock the boat but feel the same as you. Start the conversation.
- Gift family experiences such as a family photo session, family trips to a zoo or other attraction with the grandkids etc.
- Instead of gifting each other, you and your family could pick a charity to support and donate to them.
- Remember that gift-giving was never a mandatory experience.
- Think creatively: Homemade treats, shared meals or a helping hand can mean more than store-bought presents.
- Avoid "buy now pay later" traps: They may seem convenient but they can create extra stress come January.
- Focus on what matter most: Time together, laughter and kindness are the memories that last.
Budgeting services are available to support you
Contact your local budgeting service if you would like to:
- Create a realistic budget;
- Plan a debt-free new year; or
- Get some FREE financial mentoring.
Find a local budgeting service near you (Age Concern Canterbury).
Call MoneyTalks if you need urgent advice on 0800 345 123.