SETTING budget goals for this festive season will help you avoid a holiday hangover come 2021.
While the festivities will look a little different this year, commercial manager at personal finance website JustMoney, Sarah Nicholson, says there are ways to get into the holiday spirit and spoil those we love without digging ourselves into debt.
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Nicholson offers some tips on how to save smartly during this period:
Cash in on your rewards programme: Now is the time to cash in on the many times you swiped your cards. Check your balances, understand the conditions, and use the rewards to shop for gifts and groceries, and generally stretch your budget.
Safe online shopping: The lockdown has encouraged even late adopters to find out more about buying groceries and other goods from the safety of their home, rather than traipsing through shopping malls. Go online to compare costs on everything from festive season gifts to insurance and medical aid. Avoid potentially costly mistakes by shopping only via well-known websites and secure platforms. Don’t disclose your One Time PIN to anyone.
Affordable festive meals: The holidays are traditionally the time for indulgent feasts and every family has their foodie favourites.
Present dilemma: Draw up your gift list, set a budget, compare costs, and only buy what you can afford. You could also skip this social obligation altogether.
Vehicle check: If you’re planning a short break, the last thing you need is to have a vehicle accident or house break-in, and then experience hassles with an insurance claim. Before setting out, check that you are adequately insured and your car is roadworthy.
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