https://familycare.net.au/wp-content/uploads/2018/07/FamilyCare-logo-horizontal-340wide.png 0 0 admin https://familycare.net.au/wp-content/uploads/2018/07/FamilyCare-logo-horizontal-340wide.png admin2021-10-01 14:23:112021-10-04 12:19:38Christmas finance survival guide
- Start now by putting aside a little bit of money each week. Make a savings account that is set aside just for Christmas.
- If you start putting away $50 per week in October and November, you will have $400 saved by December 1st. Your Christmas gifts are paid for! What a relief!
- Set a realistic dollar amount for gifts for each child and family member. There will always be other families who spend more or less than yours – and that is ok
- Buy practical gifts – for example, if your children need clothes, bedding or school bags, then they might love some of these as Christmas presents – especially if they are in the theme of their favourite superhero.
- Buy gifts that will keep the kids active and entertained through the summer holidays – such as board games, craft activities, books, and sports equipment. This way you don’t need to spend money on Christmas presents PLUS more money on school holiday activities.
- Start purchasing a few non-perishable food items each week and storing them away for Christmas – this way you are spreading the Christmas food costs out over a number of months. You can do this with soft drinks too. Make sure the kids don’t find your stash and raid it!
- Be careful with Buy Now Pay Later – whilst it might help you out in a pinch today, it will also create a bigger pinch in the following weeks!
- Avoid it if you can.
BACK TO SCHOOL
- Don’t forget that Christmas and “Back to school” is a financial double whammy! The better you prepare for Christmas, the easier it is to survive the new school year.
Ask for help!
- Sometimes the numbers just don’t add up and Christmas feels overwhelming. If you want to make a plan but don’t know where to start or just can’t see how to make it work, ask your case worker for help as early as possible.