Beat The Christmas Blues
10 Days till Christmas everyone, are you ready? Always so much to do and only the chronic or Libra’s will have Christmas all ready to go by the end of November if not before. lol 🙂
I feel like the real meaning of Christmas has become lost these days and so commercial, all the running around stressing out over gifts, decorating, fighting the traffic on the streets and in the malls. By the time Christmas is here we are too exhausted to fully relax and enjoy. Then a New Year is started and the holiday is done and our money gone too.
Did you know it will take the average family 3 months or better to pay off Christmas debt? With a balance of say $500 on a credit card, making only the minimum payment each month, could take you up to 11 years to pay that amount back and end up costing you double in interest payments. It’s no surprise that a number of people dread hosting Christmas , with the rise in cost of living, gifts, decorations, fuel and food costs not to even mention your time and energy all while squeezing your wallet dry. Crazy when you stop to think about it.
This year my family and I decided not to get gifts for each other, just the children and donate our time/money to a good cause, adopt a family, donate to the food bank, you know create your own little Christmas miracle. Then enjoy the time with family and do the fun stuff. It will make your Holidays brighter, longer, less stressful and will feel great.
For those of you that are big Christmas or Holiday buffs here are a few helpful tips for minimizing the Christmas blues.
Put a little away every month towards your Christmas or at least 4 or 5 months in advance depending what you can afford to put away. If having to cut back for a few months means you don’t have to go in debt on credit cards this Christmas. How great would that be?
Buy gifts for the people on your Christmas list throughout the year maybe pick up there Christmas present when you buy there Birthday present. Spreading out the payments and making less for you to buy or do closer to Christmas.
If you are feeling that realistically you’re not going to be able to afford Christmas, do a little research. There are a handful of credit cards on the market offering 0% interest for up to 15 months. This would give you time to pay the balance off without incurring interest. If you must use your credit card, make larger then minimum payments to pay it off as quick as you can, don’t just make minimum payments that is a trap that can cost you hundreds of extra dollar and years of payments.
For those shoppers who are able to pay off the balance in full each month then you might consider a cash back or rewards credit card. Why not get some extra bonuses. It can also give you a good way to watch the money spent so you can create your budget for next year.
Hope you have a very Merry Christmas, Happy Holiday, Hanukkah, Diwali what ever holiday brings you and your family together. Beat the Christmas blues and keep the true meaning of the holidays with you this year and more money in your pocket. Remember it is not the size of the gift but the size of your heart that matters.
From all of us to all of you Merry Christmas and a Happy & Successful New Year.