How to stay on top of your spending this festive period

The festive season is here, and we all know what that means — celebrations, gift shopping, and maybe even a few getaways. It’s easy to get caught up in the excitement, but we want to help you enjoy the holidays without breaking the bank.

With a few smart tips, you can have a festive season to remember and start the new year with your finances in check.

Set a Festive Budget

Let’s start with the basics: make a budget specifically for the holidays. Think about everything you’re likely to spend on, like gifts, travel, etc. Divide your budget into categories, giving you a clear picture of what’s doable.

A festive budget helps you stay realistic. Once you’ve set limits, you can easily decide if certain items are worth it or if they’d be better off as a “maybe next year.”

Track Your Spending in Real Time

A budget’s only helpful if you stick to it! Track your spending so you always know how close you are to your limit. You can use an app, a notebook, or even just keep a mental note. If you notice you’re getting close to your budget in one category, you can adjust in another — easy!

Make a Shopping List (and Stick to It)

The festive season is filled with tempting discounts and offers, so it’s easy to overspend. To help, write down exactly what you need for gifts, groceries, and everything else. Once you’ve got your list, stay focused and stick to it. Impulse buying adds up faster than you might think.

Shopping lists keep you grounded and make sure you’re buying what’s essential. And when you stick to the list, you’ll feel proud of your restraint — and your wallet will thank you.

Choose Experiences Over Expensive Gifts

If you want to make memories, consider giving experiences instead of splurging on expensive gifts. Plan a fun outing, cook a special meal, or organise a family movie night. Often, these meaningful gestures are more memorable than lavish gifts.

Avoid High-Interest Credit Options

We get it — it can be tempting to use credit to fund the festive fun. But high-interest credit can lead to post-holiday debt you didn’t bargain for. Instead, if you’re in need of a little extra support, consider one of Pecan’s flexible loan options.

Our loans come with low interest, so you can enjoy the season without added financial strain. Just remember to borrow only what you can comfortably repay.

Plan Low-Cost Festive Activities

Not all holiday fun has to come with a price tag. Keep an eye out for free or affordable events in your area, like outdoor markets, community festivals, or light displays. You could also host a potluck or plan a DIY decoration day with friends.

If you’re thinking of treating yourself to a festive meal, try cooking at home instead of dining out. With a little planning, you’ll enjoy the experience, save money, and have food that’s just the way you like it.

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We know it feels early to think about next year’s holidays, but starting early makes a big difference. Consider exploring a festive savings plan in your Pecan Bank account.