By: Vee from Afrinvest
Merry Christmas in advance oo! Hope say end-of-year bonus alerts don dey show, and the bag of rice and ororo don set? Enjoy yourself jare, you’ve worked for it.
While merriment is important, it is also very necessary for you to control the spending spree associated with this season. Spending money during the festive season often feels like a delicate dance between celebration and financial responsibility. It’s a time when the temptation to splurge on gifts, decorations, and festivities can be overwhelming, but it’s crucial to maintain a balance and exercise prudence.
As your sure financial paddy, I don’t want you to get financially stranded after holidays are over. So, I’ve prepared three tips on how you can control your spending during this Detty December. You know say January na 100 days…. lol.
Firstly, set a clear budget for the season. Establishing a spending limit for gifts, parties, and other seasonal expenses helps in avoiding overspending. If you don’t set a limit, you may end up exhausting a full month’s income in just a few days. I know some of us can relate.
Secondly, plan your expenses ahead. When you spread out the festive season expenses over time, it reduces the financial strain that often comes with last-minute purchases in December. This could mean buying gifts gradually throughout the year or crafting a detailed plan for festive expenditures well in advance. If you have not tried this before, don’t worry. 2024 is just around the corner for you to better plan ahead.
Lastly, practice mindful spending. Separate your wants from needs and focus on meaningful purchases that align with both your plan and budget. For example, don’t buy a Christmas tree you didn’t plan for because you saw the ad on a website. Take a moment to evaluate the relevance of every purchase to prevent impulse buying.
What I’m telling you in a nutshell is, controlling spending during the festive season is not about depriving oneself of joy but about embracing a balanced approach. It’s about finding creative, thoughtful ways to celebrate while being mindful of financial limits.
Ultimately, the true essence of the festive season is not in the monetary value of gifts or the scale of celebrations, but in the warmth of connections, the spirit of togetherness, and the joy found in simple yet cherished moments shared with loved ones.
