THE THREE WISE MEN DIDN’T USE CREDIT CARDS….
Christmas wasn’t invented by shops. It wasn’t invented by manufacturers and
advertising companies. Christmas season means different things to different people in
our community. For some it means spending time with family and friends. For others
it’s a time for religious celebration. For many it becomes a time when there is
overwhelming pressure to conform to the commercial push and spend beyond your
We encourage you to put the credit card under lock and key for a rainy day and
celebrate Christmas without dragging home a sack load of debt disguised as presents.
Parents have the challenge of setting the scene for change within the family, which is
no mean feat in the world of ever increasing ‘have before you pay’ mentality.
However, as well as saving peace of mind, parents will inevitably teach their children
about financial responsibility by simply demonstrating that spending less at Christmas
doesn’t mean you have less fun.
There are some simple ways to reduce your Christmas spending and prevent the credit
card blowout that all too frequently bogs down families for many months after the
event only to be repeated next year. Don’t forget paying a $1000 credit card debt on
minimum payments alone will take five years.
Plan a Christmas Activity with the people that you love…share time, not money.
Give gifts that reinforce those special relationships among your family and friends….
Decide on a spend limit and every person in the family or group buys for only one
other person. This opens avenues to become creative, especially if the spend limit is
‘Exchange Energy’ gifts is a way of giving without money. The present is the time
and effort you put into doing something particular for someone you care about. You
can make a fancy gift voucher for your service!
Find out about free Christmas events and pledge to take family or friends there.
Buy gifts throughout the year at fetes and garage sales. It gives you time to revamp
them into something special.
Extended families can share the cost of food for Christmas festivities…often parents
as they get older are still bearing financial burdens.
Environmentally we can also be planet savers by reducing wrapping.
As a new years resolution, start a Christmas Club account and direct debit $10 a
There are many ways to enjoy the festive season without accumulating debts that
continue to make the family struggle well into the new year. Things that may sound
corny to start with can be great fun and a lot less stressful!