Have you finished your Christmas shopping?
New figures from the Commonwealth Bank show that as a nation we’ll spend a staggering $11 billion on presents alone this year. And what’s even more worrying is that 43% of us will not set a Christmas budget.
As we head into what truly is the most expensive time of the year, we hope this infographic can remind you to be smart with your spending this Christmas. If in doubt, here are four tried and tested rules to ensure you don’t overspend:
- DO set a budget for presents, travel and festivities
- DO track your spending across the whole holiday period
- DON’T feel pressured by friends, family and the media to spend more than you can afford
- DON’T wait until next year to start practising good money habits. Today is just as good as January 1!
Enjoy the infographic, and we hope you have an amazing holiday season with your family.