If there’s one thing people are dreading about Christmas holidays, it is going back home to the villages. While December is ideally the time for family gatherings, traveling with loved ones and Christmas gifts, it also is a time that is financially demanding.
Surviving through the year in one piece is something worth celebrating at the end of the year with your loved ones but what good does it have if you’ll be digging yourself a financial hole which no one will take you out of?
Rapule Mahlangu, Head of Associations and Affinity Groups at Metropolitan, shares budget-beating tips that you can use for your festive spending so you don’t wake up in January with a financial hangover that no concoction can cure.
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Conserve fuel if you are travelling
Managing your fuel consumption is a good place to start, especially if you’re travelling this weekend. While the roads over the festive season can be extremely congested and frustrating for drivers, reckless driving and excessive speed only serve to increase your consumption and deplete your wallet. Maintain a steady speed, accelerate gently, reduce unnecessary weight in your vehicle and, if you can, switch off your air conditioning. Don’t forget to obey the speed limits - they not only help you save fuel but keep you safe.
Have fun on a budget
With unlimited holidays and children home from school, you may be tempted to indulge in a series of excursions and treats to keep everyone entertained. But, if you have budget constraints find out what’s going on in your community, neighbourhood or city over the upcoming weekend. You may find some fun and free activities that will keep everyone entertained. “It’s not always necessary to rack up big bills on eating out or going on expensive excursions. Some of the most memorable times are simply lazy days spent on the beach or the park or around the pool with friends and family,” says Mahlangu. Take advantage of the last of summer by spending time outdoors in nature soaking up our Mzansi magic.
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Family gatherings on a budget
“If you’re hosting your family’s festive celebrations, this is a great time to harness the power of your collective with a truly communal gathering,” suggests Mahlangu. South Africans are known the world over for their braai culture, so host a bring and braai, or divide and conquer by asking everyone to bring a dish and their own refreshments to lighten your load.
Get the most out of Christmas deals
You are no doubt being overwhelmed with by December deals and offers from your favourite retailers and ecommerce platforms. Before heading to the shops or clicking your mouse, make a list of what you want to buy in order of importance. “While it feels good to pay less, it’s not a good deal if you don’t need it. When being bombarded by discounts and bargains, it’s important to stick to your budget and priorities,” cautions Mahlangu. If you have reward points, now is a good time to redeem them and save even more festive specials without dipping into your budget.
“Don’t let the weekend’s celebrations leave you feeling blue when you reconcile your budget. Plan, spend wisely and revisit your squad savings goals - I can start strong, but we will always start stronger,” reminds Mahlangu.
