This article is part of our Finance Hub.
This is one of the most expensive times of the year and for so many it really hits the wallet hard. For those who don't have as much as others--the anxiety and stress can be overwhelming. Just remember, the holidays aren't always about gift giving. Money shouldn't be an issue. The following tips can make a dramatic difference for Canadians this holiday season. If anything, many can find more comfort and peace rather than feel the burden of trying to gift give. So let's take a look at some of these now and really start enjoying the season as we should!
Holiday Tips for Alleviating Financial Stress
- Don't purchase new clothes every holiday season, it is just a waste. Instead, go to a second hand shop where you can find gently worn name brand clothing at more affordable prices. Also, make sure you can carry what you purchase over into the year. You don't want something you can only wear once. The house you live in is most likely 'used' to.
- Pick and choose the holiday events you plan to attend. It is just unrealistic to think you can go to every party and corporate get together. That costs quite a bit. List what events matter most to you and choose only a select few from that list. In this respect you'll walk away with a little money left in your pocket.
- Make a list of who you have to purchase gifts for. After that, start thinking about a budget, but think about an original gift idea too. You don't have to spend a fortune to make someone happy. Think about what they enjoy the most then go from there. If you need some help along the way, just get a quick cash loan.
- Stick to a budget and don't waver. Don't suddenly decide to buy an item not on your list just because you have the extra bills on hand to do so. Stay focused and always think practical too.
- Make sure that your friends and family's expectations of you are also realistic. Be honest and tell your loved ones what you can afford and what you'd like to do within a budget. Even if they think you're a Grinch, stick to your plans. Those who love you will appreciate your honesty and will be thankful for whatever you are willing (or can) give.
- Shop for deals and don't be afraid to ask for bargains from vendors! This time of the year is one of the best for deep discounts. If you can get a lower rate on an item don't be afraid to go for it! Some shops offer discounts for disabled individuals as well. If you have someone in your family in that situation, make sure you let them know so they can save money too.
- All in all make sure you relax and enjoy the holidays with those that matter the most to you!
After the holidays are over you'll be able to look back with good memories and more relaxation too! You can avoid that holiday madness and still have a beautiful Christmas season with friends and family close.