Celebrate Christmas without breaking the bank, is it possible? Good Lender, financial reorganization advisers and trustees in bankruptcy, offer you some tips to limit the consequences of the holiday season on your family budget. The multiplication of gifts, the invitations that accumulate left and right, the many trips made, the purchase of the new sports jacket of Monsieur and the beautiful dress of Madame inevitably put additional pressure on the family budget.
According to the most recent survey conducted by the Good Finance on behalf of the Quebec Retail Council on the purchasing behavior of Quebecers for the 2012 holiday season, the amount that Quebecers plan to spend as gifts for this period will be $ 676. on average per household. Thus, Quebeckers will give gifts to 7.1 people in 2012, an increase compared to 2011 (6.7 people). For comparison, the latest Honest Canadian Consumer Outlook Index reveals that Canadians plan to spend an average of $ 1,182 on their total holiday spending, including $ 629 in gifts.
Since caring for someone has nothing to do with the monetary value of the gift offered to them, giving a gift certificate is often a good way to make a difference. control over the budget. What are the other possible solutions?
Savings of time
It is now acceptable for each guest to participate in the preparations for a festive evening. Have you considered the possibility of organizing the New Year’s meal according to a ” community ” model? So, we do not hesitate to solicit the talents of everyone! Some planning is needed. It is necessary to establish the menu and to distribute the tasks. Savings of time and money insured!
The use of group purchases , derived from the term ” team buying “, is also a relevant solution. Thrift, is some of the major players in the sector. For example, you could pay $ 29 for a $ 69 body care, protecting your budget limit while giving your loved one a value-added gift.
It is also possible to make substantial savings on the Internet through exclusive promotions , opting for free delivery , using price comparators and sharing greetings through virtual cards . Consumers seem to have understood it! According to a recent survey by Honest on behalf of Easy., 55% of Canadians will turn to e-commerce during this time of festivities. Canadian consumers most likely to shop online live in Alberta (70%) and British Columbia (67%).
The importance of the budget
The team of Good Lender wishes to remind you of the importance of respecting the budget established during the holiday season in order to avoid the excessive indebtedness that sometimes results from this period of festivities. Christmas or not, it is better to limit your future debt and take action to quickly tackle the repayment of debts that currently tarnish your balance sheet .
The proposal of a retailer who suggests buying the television of your dreams through a 72-month financing is far from tempting, especially if your budget only allows you to buy a standard TV 27 inches!
In closing, it is necessary to remember that the credit card is beneficial to the consumer only if the entire balance of it is paid monthly, thus avoiding the quasi-usurious rates charged by the issuing institutions.
Our best wishes for prosperity!
We take this opportunity to send you our best wishes of the holiday season. Take full advantage of this moment of respite to gather in family under the sign of sharing and simplicity. May this Christmas live up to your expectations. May the year 2013 be a worthy reflection of your wildest dreams, and be the renewal of a healthy and improved personal financial situation.