Four Best Money Tips for Christmas

Read More

Four Best Money Tips for Christmas

Every Christmas it’s the same story for many families; not enough money to go around, overspending and an aftermath of too much debt, stress and depression. It is ironic that the season of good cheer should leave such disastrous effects in its wake. Here are the four best tips for surviving Christmas with your money intact.

  1. Get more cash. Sell your surplus stuff online, have a garage sale, make things to sell at the weekend markets, increase your saving, earn more through working longer hours or additional part time work. If you still don’t have enough, spread the cost over January as well by using a small bank overdraft as a last resort. As soon as you have paid all your debts, start saving for next Christmas.
  2. Get a Pre-NUP (Pre-Christmas No Unnecessary Presents) agreement with your family and friends. They will be as delighted as you are that their Christmas list is shorter. If you share Christmas with a large family group, have a ‘Secret Santa’ party so you each only have to buy one gift. Alternatively, set a limit on the value of gifts.
  3. Do a Christmas budget. Work out how much you have to spend, and put that money aside in a separate bank account. You will then be able to keep track of how much you have spent. Make a list of items to buy and stick to it. Avoid impulse buying by keeping to your list or waiting until the next day before you buy something you have spotted.
  4. Buy online. Use the internet and ‘shopbot’ websites to find the cheapest price for the items on your shopping list.  Keep an eye out for daily deals on the items you want, but don’t get tempted by anything not on your list.

 

Related Articles

Economy
Liz Koh

Budget Winners and Losers

The latest Government budget had something for everyone but while most households will be a few dollars a week better off, there are some clear winners and losers. In the winners’ corner are businesses, those on high incomes, and savers. The biggest losers are property investors who have built large portfolios financed partly by tax rebates.

Read More »

Top Up or Miss Out

The end of June is an important date for KiwiSaver members. The financial year for KiwiSaver runs from 1 July 2009 to 30 June 2010 and if you have contributed at least $1,040 to KiwiSaver during that time, you will be eligible for the full amount of Government tax credit to be paid into your KiwiSaver account in July.

Read More »

Responsible Investing

There is a worldwide trend for investors to want to make a positive contribution to the world by investing in companies that are socially and environmentally responsible. If you are passionate about the effects of climate change, the scarcity of food and water, and social or environmental policies in general, then you will no doubt wish to ensure that the companies in which you invest are going about their business in a manner that is consistent with your views.

Read More »

Helping You Live your retirement To the Max

Keep in touch

Fill in your details and we’ll get back to you in no time.