November 27, 2015
Source: Mixed Up Money
Photo Source: Unsplash, Sincerely Media
Make wise decisions when it comes to your lifestyle.
Financial budgeting and Recessions is when DIY shines! You can MAKE the Holidays this season with unique, one of a kind gifts that have your unique sentiment and touch. Often DIY gifts are treasured much more than store bought gifts. So, let your creativity Shine this Holidays season and save :) at the same time!
1. Build an appropriate budget
This doesn’t mean spending $300 on each family member including your significant other. Make smart decisions. Recommending a “Secret Santa” is the obvious choice, but what about hosting a DIY Christmas where all gifts must be homemade and under $20. Chances are you’ll end up getting something much more special, and enjoy the creativity factor yourself. As for significant other gifts – isn’t being with each other during the holiday season enough? Choose to save that money for a larger financial goal you can accomplish together, and avoid the added credit card debt come January. You can also give the gift of the Noble Knits & Crochets E Zine or a Noble Knits & Crochets membership to help others DIY for their Holidays next year!
2. Don’t dip into your savings
Although Christmas is important and we don’t want to let anyone down, it would be more of a letdown to spend your emergency fund or savings on things we cannot truly afford. Savings accounts aren’t for gifts, they are for personal goals. If you’re strapped for cash, find a part-time job wrapping presents, walking dogs, or working retail. Iit means your New Year will stay debt-free and financially secure.
3. Honesty is the best policy
While being honest with family and friends is important, in this situation I want you to be honest with yourself. If you know you are financially unstable and cannot afford to buy Christmas gifts, let alone food this holiday season – it’s time to ask for help. Calgary has so many not-for-profit organizations that are more than willing to provide you with counselling and support. Let them help you learn to budget, prepare, and pay off debts.
4. Limit vacations
We’ve all heard of a staycation right? Well now is the time to try it out. Instead of spending money to go somewhere hot for the winter season, stay home and curl up by the fireplace with coffee. A holiday might push you over the edge financially, and it’s best to not add the stress you’re most likely already experiencing.
How else can you save this holiday season? Who is on your Holiday list? What other DIY project ideas do you have?
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