Fiji Times Logo

Fiji Time: 4:15 AM on Tuesday 23 September

/ Front page / Features

Debt Free This Christmas

A2acoaching.Com
Friday, November 30, 2012

CHRISTMAS can be a financially stressful time for many people and that takes the fun out of the festive season. The funny thing about Christmas is it occurs every year and at the same time every year! So with a little bit of planning you can take the stress out and stay debt free.

* Plan

Write a list of the friends and family members you wish to give a present to. Next decide on your total budget for Christmas presents. Next to each name add a maximum dollar value for the gift and ensure the total does not exceed you budget! If you have ideas for gifts start listing them now—it will help your shopping trips to be more focused.

* Stick to the plan

Avoid impulse buying. That stereo might be a great bargain but if it is over your budget you need to keep walking.

* Start now

Rather than waiting until two weeks before Christmas and spending all your money in a short period of time start buying now. It is much easier to afford one gift each payday than 10 all at once. Find a good hiding place in your cupboard!

* Use lay—buy

Credit Cards are easy and convenient but if you struggle with debt over Christmas leave them at home! If you have started shopping early you can pay a small amount each payday off your lay-by without going into debt. Keep you spending manageable.

* Have a saving plan

Have a separate bank account for Christmas savings.

* Think outside the square

It really is the thought that counts so think outside the square. People love gifts that have a personal touch to them. Make Christmas chocolates, cookies, jam etc to give to friends, give a gift voucher for 10 hours of babysitting, give a voucher for 5 lawn mowing afternoons (to be provided by you).

* Involve your family

Discuss your plan to stay debt free with your family and discuss ways that the whole family can be involved. There are no rules—find something that works for your family and keeps Christmas fun. One popular idea is to not buy gifts for all the adults in the family—just the kids. The adults each select a name and buy a gift for that adult on behalf of the whole family.

* Another coffee?

Start becoming aware of what you spend on "little extras" each week - coffee is my favourite place to start. Buying just 1 coffee a day can cost you $15-$20 per week … buying lunch each day at work can cost you at least $30 per week. I think you get the point.

If you are serious about keeping out of debt this Christmas start taking your lunch to work or having instant coffee …. put the money you save into your Christmas account.


Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. PM's 1st mission
  2. Bainimarama's promise: I will serve all
  3. Free air travel for locals
  4. Civil service reform
  5. Back from the dead
  6. Bainimarama to be sworn in as FijiPM
  7. Electoral Commission announces seat allocation
  8. Double winner to continue advocacy for the elderly
  9. Parties make assessments
  10. Police probe incident

Top Stories this Week

  1. FijiFirst claims 60 per cent Thursday (18 Sep)
  2. Parties reject result Friday (19 Sep)
  3. Leader of the pack Thursday (18 Sep)
  4. No stop Friday (19 Sep)
  5. Fiji First in strong lead: Fiji Elections Saturday (20 Sep)
  6. No $20m ransom Tuesday (16 Sep)
  7. FijiFirst leads Thursday (18 Sep)
  8. PM's 1st mission Monday (22 Sep)
  9. Elections supervisor to announce final results Friday (19 Sep)
  10. Election office begins to receive final results Friday (19 Sep)