Christmas Saving Tips
Christmas and New Year should be the most enjoyable time of year but it can also be one of the most stressful. The cost of presents, food and decorations can add up and put a real strain on savings. Many people have to cut back to basics to celebrate but it doesn’t have to be that way by doing the following.
Plan well ahead by making a shopping list detailing exactly what you need and approximately how much it should cost. Make a budget from there and stick to it, no last minute pick ups that can blow out the cost.
If you have a couple of specific items in mind then you may be able to find them cheaper online. This will also help reduce impulse buying and free up your time for other duties.
If possible avoid using your credit card for purchases. Rather pay with cash or debit as credit card debt can become expensive and will limit your spending.
Another tip that can make a key difference is your home loan. By planning early you can enjoy the festive period and not worry about money being spent as as our managing director, Warren Dworcan, explains. “We encourage everyone to get a regular review of their home loan as there are constantly new products and deals coming out that can help save thousands or are better suited to the customer’s needs.” Home loan health checks usually last around fifteen minutes and are often free of charge. “We recently saved one of our clients $6000 on interest per year after a quick meeting and considering the average length of a home loan is over 10 years it really adds up.”
If the upcoming period is not bringing you much joy then call us on (08) 9289 7777 and we will do our best to save you.