Thursday, 25 December 2014

Minimize The Cost Of Christmas Dinner – Save The Money For Emergencies

Posted at  08:08  |  in  Stock Market

save your money on christmas
With the present financial situation, everyone is trying to rein in their expenses so that they have enough funds in their bank accounts. With Christmas and New Year just a few weeks left, the most primary thought among all is how they can spend their dollars in the best possible way so that they have enough left for the other necessary expenses like their secured and unsecured debt obligations that they have to pay off by the end of the year. However, amidst all these urgencies, there are some things that just can’t be avoided, even though you’re running short of funds. Among them, hosting a Christmas dinner is one of them. When you have friends and family members, they will expect such gatherings from you and you have nothing to do apart from entertaining their requests.

How to manage sponsoring a dinner without falling in debt

Hosting a Christmas dinner or even a lunch party can certainly take a toll on your wallet, especially if you have an extended family. The extra money that you spend on food or drink won’t be available for gifts and hence it’s vital to keep your Christmas reception budget under control. Here are some ideas to minimize the cost of your holiday dinner.

  •  Get invited: The best advice that you can follow to save your dollars on your Christmas dinner is by getting yourself invited. People love hosting dinners for Christmas and hence you should let others take the lead. Just ensure that you don’t wait until the last minute in order to figure out your holiday plans or else you may end up eating alone. Make plans ahead of time and profit in the long run.
  •  Ask your guests to contribute: Rather than covering the entire cost of the Christmas dinner yourslef, you can also ask your guests to contribute. You might not ask them to pay for the dinner but each couple or person can bring something small, which is the potluck style. When everyone contributes for the dinner, your costs will be much less than what you had planned. Some items are easy to carry and hence you can ask your friends to contribute.
  • But things in advance and freeze them: In order to avoid last minute costly shopping which will cost you both money and time, you can even buy your ingredients in advance so that you can pay lower prices for them. Simply freeze them until Christmas. During Christmas, the price of eatables will certainly be higher than the normal price and so you can plan things ahead of time.
  • Look for special offers: The supermarkets and shopping centers often want you to shop with them so that they can offer you some great deals on on food products. For example, turkey, oysters and pudding can be got on specials for a limited period of time.
Hence, if you plan ahead of time and follow the above mentioned steps, you can easily save your dollars on Christmas dinners.

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


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