Ideas to budget this Christmas Season and avoid Overspending
Christmas is a time to be merry, jolly and festive. Also known as the silly season and the festivities can easily cripple your bank account. With this holiday season comes expenses and spending that the majority did not save a cent for.
Most people earn their holiday pay or bonuses at the end of November or early December. This also intensifies the spending spree as there is more money in your bank account. Thus making Christmas the most expensive season of the year as people buy more than usual and overspend on items that they don’t really need.
During December prices are steeper than any other time of the year. Overspending on gifts, food and social activities leave most cash strapped before or just after Christmas. Receiving a salary early in December poses a problem. It could be up to 6 weeks before receiving the next salary at the end of January.