CAPE TOWN – The end of the year is notoriously expensive and with festive gifts, entertainment, holidays, and celebrations to pay for, it’s no wonder most South Africans find themselves financially limping through January.
“It’s been a long year, and we all deserve some time off to spoil ourselves and our loved ones. Although this can be costly, if you’re smart about it, having a fantastic festive season won’t have you starting 2019 on a bad financial note,” says Taryn Schmidt, chief marketing officer at Wonga South Africa.
To help you negotiate financial folly this festive season here are a few easily achievable tips to help you keep your finances in check ahead of the holidays.
1. Plan and be a smart gift giver
Generosity is a fantastic quality, but too much can have us forfeiting our own well-being in favour of another’s. When it comes to the giving of gifts, it pays to be smart. Make a list of the people you plan on buying gifts for, then decide on your total budget and how much you can afford to spend on each person. Instead of buying the first expensive thing that catches your eye, put a little thought and effort into the gifts. Do some research and compare prices online to come up with affordable gift ideas and ensure you’re getting the best price.