In the run up to Christmas and the New Year, every store in the country is clamouring for your money as they offer sales, deals and other inducements to part with your cash. They know exactly what they are doing and are counting on the fact that people want to be generous at that time of year and not be considered parsimonious.
It’s the time of year when it’s very easy to rack up credit and store card bills (because let’s face it, little Johnny really does need that enormous Star Wars stormtrooper figure), but a bit of discipline in your spending habits will stand you in good stead as the bills come home to roost.
Instead of just splashing out on everything feasible, do some canny planning. Kids, for example, always want the latest gizmo or gadget, but sometimes your budget just won’t stretch that far. You can, of course, put everything on cards, but when it’s payback time, you could find yourself in some difficulty.
Decide how much you can sensibly afford to spend (it’s not just gifts and bargains but also food and drink) and make sure you stick to it. Be imaginative in the gifts you give to people – you don’t have to spend a fortune to find something that will be enjoyed and that the recipient will know has been chosen thoughtfully and with care.
If you find monthly repayments for a few months are difficult to pay, you could consider taking out a short-term loan to help consolidate any debts you have racked up. Short-term loans could be very useful, and it’s a good idea to compare payday loans or other types of loan by checking out allthelenders, the first price comparison website for the short-term and payday loan industry.