No one can deny the fact that December is the most expensive month of the year. With all the travelling, parties, holidays, gifts, and year end sales, it’s easy for your spending to go out of control. However, with a few mindful strategies, you can enjoy the entire month without burning a hole in your pocket.
Always start with a realistic budget. Before the month begins, or at the start of the month, list down all your expected expenses, such as gifts, decorations, food, travel, etc. Assign a spending limit for each category you have listed. Stick to the planned budget to avoid impulse buying and post holiday regrets.
Next is to shop strategically. Use discount codes, shop for sales, and compare prices online before you go out and shop. If you’re shopping for gifts, consider meaningful and affordable gift ideas. These thoughtful gift ideas mean more than any expensive item.
For the month of December, it’s best to cut back on extras. Extras like coffee runs, movie nights, dining out, and the like can add up quickly. Small sacrifices now will lead to a huge difference when bills start to roll in after the holidays. These mindful choices can also help you start the new year with a better, stronger financial footing.
And don’t forget to track your expenses. Making use of a budgeting app or even using a simple spreadsheet will help you monitor where your money goes. Knowing your progress will help you stay accountable and on track with your goals.
Always start with a realistic budget. Before the month begins, or at the start of the month, list down all your expected expenses, such as gifts, decorations, food, travel, etc. Assign a spending limit for each category you have listed. Stick to the planned budget to avoid impulse buying and post holiday regrets.
Next is to shop strategically. Use discount codes, shop for sales, and compare prices online before you go out and shop. If you’re shopping for gifts, consider meaningful and affordable gift ideas. These thoughtful gift ideas mean more than any expensive item.
For the month of December, it’s best to cut back on extras. Extras like coffee runs, movie nights, dining out, and the like can add up quickly. Small sacrifices now will lead to a huge difference when bills start to roll in after the holidays. These mindful choices can also help you start the new year with a better, stronger financial footing.
And don’t forget to track your expenses. Making use of a budgeting app or even using a simple spreadsheet will help you monitor where your money goes. Knowing your progress will help you stay accountable and on track with your goals.