Banish Christmas credit card woes

Here are five simple ways to banish credit card woes over the festive season.

Woman at home using credit card and computer at Christmas

With Christmas fast approaching, it's all too easy to charge the extra costs associated with the festivities on your credit card. However, this can amount to a nasty shock when the New Year rolls around. While some expenses are unavoidable, there are some creative ways to reduce your Christmas credit woes.

  1. Canny shoppers will have already bagged bargains in the many sales which take place in the lead up to Christmas, using layby to help spread the costs. However, if you feel that you have missed the boat, consider giving a promise voucher rather than a gift, and either buy your gifts in the post-festive sales, or layby now and give the gift when it’s paid off.
  2. Kris Kringle is possibly one of the more fun ways to stop your gift list from escalating to crazy proportions. Simply get your family together pre-Christmas, pop names in a hat and choose the one person for whom you’ll buy a gift.
  3. Food shopping bills go through the roof at Christmas, but this is often because we simply buy stuff that we don’t need. Make a list and stick to it, don’t be tempted by ‘specials’ as you’ll simply end up with food that you won’t use. Make the most of the points that you’ve collected on your rewards cards to reduce your bill, or purchase gift cards for your favourite supermarket using frequent flyer points.
  4. Don’t do it all yourself. Even if you’ve agreed to have everyone for dinner on Christmas Day, get them to chip in, either by bringing a plate, or making a financial contribution to the overall cost.
  5. Sentimental re-gifting. Rather than simply rewrapping the unwanted toiletries that you received last year, consider giving something which means something to you, and which you know will be cherished by the recipient. A hand-written note makes it all the more special.

Do you have any clever tips that you wish to share?





    COMMENTS

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    Wombat66
    13th Dec 2016
    10:56am
    I have a Christmas Club account with the ANZ Bank which I can only draw on in December and it is fantastic. Makes Christmas shopping a breeze.
    Hasbeen
    13th Dec 2016
    12:22pm
    Use the secret Santa system. We do, but for adults not kids. We only have to buy one present for one adult, so we can research what our recipient is likely to want, & spend more on that one present, making it something the recipient will want.
    Old Geezer
    13th Dec 2016
    8:30pm
    The Santa idea is just such a stupid one and worse still teaches kids that lying is OK. I've always told my kids that he was simply a silly man in a silly suit.
    Old Geezer
    13th Dec 2016
    3:16pm
    We simply don't celebrate Christmas so it's not a financial problem at all.
    particolor
    13th Dec 2016
    8:13pm
    someone around here has got a Financial Problem either !
    This week I've lost All my Solar Garden lights :-( And 2 of my Best Potted Pelargonium's GRRrrr:-( ......Merry Christmas.
    .
    particolor
    13th Dec 2016
    8:15pm
    I'm only wondering who they'll gift them to ??
    particolor
    13th Dec 2016
    8:19pm
    You'd think someone would have seen someone walking down the Street, lit up like the Botanical Gardens ?? :-) :-)
    Nan Norma
    13th Dec 2016
    5:30pm
    I just save my money and buy at Christmas - don't need a credit card, don't need special accounts. Oh, I do have a credit card but I USE it, it doesn't use me. Doesn't cost me a cent.
    Old Geezer
    13th Dec 2016
    8:27pm
    Christmas is the least expensive time for me too as I avoid the shops until the madness evaporates.

    13th Dec 2016
    6:29pm
    Spend up really BIG. There is always places like "Nimble" and the "Wallet Wizard" to bail you out of financial difficulties so you can "move on". No worries, she'll be right, China.
    Old Geezer
    13th Dec 2016
    8:27pm
    After looking at the size of the fines these two get one can only wonder how much they make.
    Anonymous
    14th Dec 2016
    9:45am
    Plenty at 39.95% interest.
    particolor
    13th Dec 2016
    9:11pm
    I just looked up Credit Cards for something to do :-)
    And I found out by looking through them that I don't know how an Ordinary Old Age Pensioner can even get one Without Lying :-( :-(
    Even the Coles one has ...Minimum Salary $25,000 Per Annum !! :-(
    So that Counts Most Pensioners OUT !! :-( :-(
    PS.. Not that I care ! :-(
    Watto
    13th Dec 2016
    9:36pm
    Gee McTaggart you really are as tight as two coats of paint. and Old Geezer your still a miserable silly old twit.
    particolor
    13th Dec 2016
    10:00pm
    Most of us here now have Mastered Tolerance with the Old Geyser
    :-) :-) :-)