Neil Thompson
2 minute read
25 Nov 2019
6:32 pm

How to save rather than spend money this festive season

Neil Thompson

Many people find themselves short of money at the beginning of January due to overspending in December.

Picture: iStock

There are ways to avoid the dreaded New Year financial hangover. Consumers should not wait to make a New Year’s resolution about changing their money habits but rather start implementing changes to the way they manage their money well in advance of January 1 – in fact, start right now. It is ironic that New Year’s resolutions about saving money tend to fail because of overspending in the holiday season, leaving consumers overwhelmed and discouraged and often spiralled back into a cycle of financial chaos. By changing your money mindset early and starting to concentrate on saving rather than spending,...