Posted on: 10th Dec, 2012 01:54am
Like every year, this time also you are likely to overspend this Christmas. Festive spirit overpowers rationality of many of you. With huge Christmas shopping expenses, many of you worsen your financial situation. You become oblivious of your responsibility to pay your mortgages. You need to however remember that even after the festive season is over, you will have to continue with your mortgage payments.
Here are 4 tips on how to keep up with your mortgage obligations even during the festive time.
Don't shop impulsively during this festive time. Make a list of items that you want to buy. Make sure that these are within your affordability and they don't strain you financially. Then compare the prices by visiting different shops. This will help you enjoy the festival in a stress-free way.
Instead of purchasing ready made gifts from the shops, you can use your artistic skill to prepare gifts. These handmade gifts are less costly. But, these are priceless in the sense that these involve personal touch and love.
If you want to save money for making mortgage payments, it would be wise to abstain from pre-Christmas shopping. You need to remember that pre-Christmas is the costliest time for shopping. If you have any plan to purchase some costly item, it would be wise to wait till the Christmas is over.
It is to design a realistic budget for Christmas festival. You have to remain within your budget during this festive time. This will guarantee that you do not pressurize yourself financially.
If you can follow the above tips properly, you will able to avoid unnecessary financial pressure. This will help you continue making mortgage payments with ease.
How to make mortgage payments during Christmas
Here are 4 tips on how to keep up with your mortgage obligations even during the festive time.
1. Shop smart:
Don't shop impulsively during this festive time. Make a list of items that you want to buy. Make sure that these are within your affordability and they don't strain you financially. Then compare the prices by visiting different shops. This will help you enjoy the festival in a stress-free way.
2. Apply your artistic talent
Instead of purchasing ready made gifts from the shops, you can use your artistic skill to prepare gifts. These handmade gifts are less costly. But, these are priceless in the sense that these involve personal touch and love.
3. Abstain from pre-Christmas shopping
If you want to save money for making mortgage payments, it would be wise to abstain from pre-Christmas shopping. You need to remember that pre-Christmas is the costliest time for shopping. If you have any plan to purchase some costly item, it would be wise to wait till the Christmas is over.
4. Have a budget
It is to design a realistic budget for Christmas festival. You have to remain within your budget during this festive time. This will guarantee that you do not pressurize yourself financially.
If you can follow the above tips properly, you will able to avoid unnecessary financial pressure. This will help you continue making mortgage payments with ease.
The festive season is knocking at the door!! The Christmas shopping has started in full vigor. The markets and shopping malls remain crowded throughout the day. We cannot avoid the Christmas shopping expenses and for the time being forget that we have mortgage or other debts to pay off. Thus, after the festive season gets over, we don't know how to cope up with the mortgage debts.
It is always better to be a rational Christmas shopper rather than splurging unnecessarily. I personally feel that it will be better if you could shop around and then buy the Christmas gifts. You should make sure that you compare prices at various shops before buying the required item. Also, you should always buy what you want. Don't go by what other people have to say. Don't go for a smart phone just because it is the latest model available in the market. You can buy a simple mobile phone if you need it just to make calls or send text messages. Unless you use a particular item to it's full potential, buying the item will be a waste of money.
It is always better to be a rational Christmas shopper rather than splurging unnecessarily. I personally feel that it will be better if you could shop around and then buy the Christmas gifts. You should make sure that you compare prices at various shops before buying the required item. Also, you should always buy what you want. Don't go by what other people have to say. Don't go for a smart phone just because it is the latest model available in the market. You can buy a simple mobile phone if you need it just to make calls or send text messages. Unless you use a particular item to it's full potential, buying the item will be a waste of money.
Sometimes festivity supercedes rationality. Every year, this gets vindicated during the Christmas time. Once the festive season passes, you realize that you have overstretched on your finances. Make sure that you don't get over-excited. Try to spend within your limits. This ensures that you don't face difficulty in making your mortgage payments.
It is a common trend in the country that many of you face huge difficult to make your mortgage payments after the Christmas festival. Your irrational financial behavior during the festive season is the main culprit behind this phenomenon. You need to ensure that you don't overburden yourself because of your reckless behavior during the festive season.
With the festive season literally knocking at the door, it's not unusual to be carried away by the festive spirit. Christmas shopping is delightful to say the least. However, being carried away with your finances at this time isn't a good idea at all. What you can do is make a list and allot specific amounts to your purchases and other plans. Make sure that you plan this in such a manner that you have enough left to pay off your mortgage. If you see that you're overspending, then you have to cut expenses.
To save money for your mortgage, avoid pre-Christmas shopping. You must know that pre-Christmas is costliest shopping time. So, if you decide to buy costliest items for the Christmas, wait till the Sales. If you can't wait for so long, then think of buying gift cards or vouchers for the item and use it in the Sales to buy that item. As you must know, gift cards and vouchers should be treated like cash. So take care of them. You should also make sure that you use these vouchers before the expiry date.
Don't waste food and avoid extras. You should make a list of how much food item you need. Unless you have like minded friends and relatives shopping with you, it won't make much sense to go for special offers like for 2Many a times, we go buy this offer end up with lots of food which we can't eat before it goes out of date.
Christmas or any other festivity means a lot of fun and expenses. Thus, it is very essential to control your spending so that you can channelize your money in other important things. To save while buying Christmas gifts, make sure that you do not buy expensive gifts. Take small and cute gifts which are cheaper and yet nice. Shop from local markets instead of malls! If you are creative, you can also make small gifts like handmade boxes, candles and other related items that will cost you much less and yet be very special. Lastly, check your credit regularly with some credit monitoring sites to make sure your credibility is intact.
Very nice tips to contain your expenses during Christmas. The allurement of Christmas festival is such that even a very rational person falters in terms of finances. Have a look at these tips and behave wisely during the festive occasion.