You’re probably at that point in the year, where you’re winding down into holiday mode. You’ve had your Christmas party, or are about to have it. You’ve put in your leave from work and the countdown has begun until you can blow this place!
But wait…it’s not too late to make one last minute, money move that will help you stand in good stead for the New Year. Here are 4 money saving tips (all you need to do is pick one!) to take on before we roll into 2016:
1. Make a budget for the silly season
This is an easy one! Have a quick think about how many gifts you need to buy and set a budget for each person. Say your budget is $40 a person and you have 10 people to purchase for, then your budget will be $400. That way when you enter your local shopping centre, you won’t get caught up in the hype of the Christmas sales.
Or even better, consider creating your own DIY pressies. From making your own gingerbread men to handmade candles, here are some ideas to get you started.
2. Pay for Xmas with your own money
“I’ll just put it on credit” is a common mantra echoed throughout the Christmas season. But constantly swiping your credit card for every purchase, will quickly see your holiday credit card bill soar. Which isn’t exactly a nice present to leave yourself for the New Year.
The answer? Leave your credit card in a safe place at home or even consider freezing it and instead whip out your debit card, which means you’ll be spending your own cash.
If you’re a lover of credit cards due to the rewards points up for grabs, you’ll be happy to hear that the Bankwest Qantas Transaction Account allows you to rack up points, offering 5 Qantas Points per eligible purchase, 0.4 Qantas Points per $100 on your account balance each day and a nice bonus offer of 10,000 points when you sign up (conditions apply).
3. Set up automatic payments
The last thing you’ll want to think about while you’re sunning yourself in the tropics or cooking up a festive feast with the fam, is your regular repayments. Whether it’s your home loan repayments/rent, utility or credit card bills this week (before the Christmas mayhem begins) is the perfect time to login into your internet banking to set up all those direct debits that are due in the Christmas period.
Your holiday self will thank you, as you’ll avoid the headache of remembering all the varying due dates and those ghastly late payment notices if you forget.
4. Take advantage of free shipping
Did you know that this Friday, 18 December is Free Shipping Day in the US? While it’s largely targeted at US online shoppers, the good news for Aussie bargain hunters is in the lead up to Christmas there are countless online retailers offering free shipping with the promise of having the item on your doorstep by the time Santa arrives.
So whether you’ve got your eye set on that perfume for mum or trinkets for the kids, ensure the online store you’re shopping at offers free shipping in the Xmas period and save yourself from paying that pesky delivery fee.