Have a happy holiday without breaking the bank

The end-of-year celebrations are conducive to sharing and the pleasure of giving. Between the purchase of gifts and festive decorations, it is very easy to quickly exceed your budget. 40% of consumers say that current inflation is changing their buying habits. The expenses for the month of December are more important and are added to the basic expenses. These seasonal shopping impulses can unfortunately have repercussions on the annual family budget.

Here are some tips for keeping the festive spirit while keeping control of your budget:

1. Plan your expenses

In order to best manage your end-of-year expenses, it is important to keep in mind a budget not to be exceeded when buying gifts. If you borrow money, carefully analyze the consequences on your annual budget and always make sure to respect your deadlines so that this does not incur additional costs.

2. Don't forget your regular bills

Even if you're in the spirit of the party and the family, don't set aside the rest of your usual expenses (shopping, bills, loans, etc.).

3. Simplify your business

Don't let stress take over your winter vacation. Think about activities to do as a family and at a lower cost (walking, cooking, cinema, etc.). Different activities can remain affordable and fulfilling this holiday season.

4. Be demonstrative and caring with your loved ones

The end-of-year celebrations are conducive to nostalgia for past moments and especially when loved ones are no longer there. It is not necessary, to fill this gap, to spend impulsively. The most important thing is to be present and to share moments with those you love.

5. Shop smart

Don't be afraid to compare prices from different stores. Sometimes it's worth it. Listen to your own wants and needs, rather than being swayed by the opinions of others. Analyze each cost such as extended warranties which can be costly compared to the actual price of a possible future repair.

6. Buy securely

Always ask about the seller or lender. Are they reliable and legal? Because while you may experience short-term benefits, the long-term repercussions can be financially heavy.

7. Save beforehand

Saving before the festive hour is a good idea. This saving can be expected throughout the year preceding the end of year celebrations and allows you to take full advantage of these shared joys.

Planning, budgeting and organizing parties are essential to avoid a problem of over-indebtedness at the end of the year. If your expenses become unmanageable, the debt generated will reverberate in your daily life throughout the year.