Friday, 14 November 2014

Frugal Ideas To Spend A Thrifty Christmas In 2014 – Forget Drowning In Festive Debt

Posted at  22:36  |  in  Frugal

frugal ideas to spend christmas
If you keep a check on your calendar, you will note that Christmas is just a few weeks away, which for most of us means that festive planning has already begun. As there is always a record of people getting drowned in debt that they incur during Christmas due to the extravagant arrangements that they make, this year should be different and memorable. You have to take some steps so that you can lead a frugal Christmas and avoid falling in credit card debt. There are people who are still repaying debt that they incurred during Christmas around 2 years back and if you don’t want to count yourself among these people, you should follow some thrifty tips to save money yet enjoy Christmas like never before. The secret ultimately lies in living within your means and yet not missing out on the fun. 


Check out some frugal ideas to spend Christmas in 2014 without racking up debt.


·         Ask yourself whether you can afford it: Although it’s Christmas and you don’t feel like scrimping on any little detail, you should not forget Martin Lewis’ all important money-mantra while purchasing things: If you’re living on a tight budget, always ask yourself whether you can afford it before taking the plunge. Also consider whether you’re going to use it even if you can afford it. These considerations should come to you when you are in the market to buy things.

·         Ask yourself whether you can afford it: Although it’s Christmas and you don’t feel like scrimping on any little detail, you should not forget Martin Lewis’ all important money-mantra while purchasing things: If you’re living on a tight budget, always ask yourself whether you can afford it before taking the plunge. Also consider whether you’re going to use it even if you can afford it. These considerations should come to you when you are in the market to buy things.


·         Make a list of the presents: The very next step would be to make a list of the presents that you need to buy for your friends and family, agree on a price limit that you’re capable of sticking to. The best thing is to mention the price to your family as well so that there are no wrong expectations about the presents and gifts. The other family members will also be going through the same kind of pressures as you and hence it is better to be transparent with them.

·         Use LED Christmas lights: Now that the LED technology is gradually becoming prevalent, one very common place for them to be used is in Christmas light strands. LEDs largely look the same as normal lights but the best part about them is that they consume far less electricity and save energy by at least 20%. The higher initial cost is perhaps the only drawback of such lights.
Hence, if you’re wondering about the huge costs that you will incur during Christmas, you can follow the above mentioned points and thereby save your hard-earned dollars. Don’t let debts mar your holiday season.

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Jimmy Simond is founder of wallstreetsfinancenews.com he share his immense knowledge of finance in this blog. You can follow him on Google+.

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