Top Tips – Holiday Spending

Posted by Renata Costeski | 13 Jan

Top Tips on Recovering from Holiday Spending

If you’re generosity knew no bounds over the Christmas period, here are a few tips on how to help you recover and get you back on track financially:

Take control: the first thing you need to do to gain a measure of control over your finances is to create a budget. This is the first step in achieving your financial goals. Get an overview of your income and expenditure, and set small and realistic savings targets for yourself.

Withdraw your spending allowance: technology has made spending simple, so rid yourself of temptation and leave the plastic at home. Withdrawing your spending allowance at the start of your pay cycle will help you avoid excessive spending.

Avoid temptation: those big glamorous post-Christmas sales can be tempting but remember your financial goals for the New Year and avoid the temptation of the bargain hunt.

Want VS Need: one of the best strategies to avoiding unnecessary expenses is to ask yourself: “Is this something that I need or is this something that I want?” Get into the habit of asking yourself this question before you make a purchase, and if the answer falls into the latter category, consider whether you would rather satisfy your other financial goals instead.

Don’t shop hungry! Research has revealed that grocery shopping while feeling hungry can result in spending more on unnecessary junk food.

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Disclaimer: Incredo does not give financial advice. The information contained on this web site is intended to be generalist in nature, it does not take into account your personal situation or your financial needs, objectives and goals. You should carefully consider whether the information provided is applicable to you, and where appropriate, seek professional advice from a licenced financial adviser before acting on any information.

Renata Costeski

Renata Costeski is a digital marketer with experience in market intelligence, commercial planning, customer service and sales. Her past work experience was focused on branded content for Brazilian television, developing new clients and monitoring market opportunities. Her work focused on the contribution to the enhancement and increase of branded content projects by developing a more effective strategy. She was able to meet particular demands of each client and roll out marketing driven projects to the content of each TV show. Her knowledge in customer service and sales experience helped to achieved business quality goals and has positively impacted on their performance.

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