Avoid running into financial ruin this Christmas!

[harapan]

It's not just wise to spend foolishly during the festival periods not just it but at all times but people tend to show off buy things that aren't worth getting.
Avoid showing off especially when with has to gifting distance friends and relatives expensive commodities.
January tends to be very long and hard mostly bills to sort and investment to make why waist em all when you have nothing coming back in return. Do not forget to spend lesser than what you earn

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[Merit.s]

Shhh...I didn't come across this topic all these while and I have already fallen into the trap,it isn't too late for me,I was thinking of making some more expenses for new year preparation but I will not anymore,as women we are always buying things that we don't really need just for show off. Good advice OP,thanks for saving me from more expenses that is not really important.

[arwin100]

If you have money to use then why not? Christmas is once a year celebration and you can make it as a gift for yourself also to your family to give the best Christmas to them. But If you don't have any spare money then settle down and don't lend anything just to show off that you have good christmas this year because for sure you will suffer with paying debts with interest for long months.

[Ryu_Ar1]

It's not just wise to spend foolishly during the festival periods not just it but at all times but people tend to show off buy things that aren't worth getting.
Avoid showing off especially when with has to gifting distance friends and relatives expensive commodities.
January tends to be very long and hard mostly bills to sort and investment to make why waist em all when you have nothing coming back in return. Do not forget to spend lesser than what you earn

Staying humble and acting as usual is the best thing, even though this is once a year but I quite agree with what you said because this is not something good if it is too pushy and you have to be aware of the conditions so that we know the right limits. Giving gifts is the best but we also have to be aware that forcing a big and expensive gift when we can't do it is something that can actually be harmful to ourselves.

[carlfebz2]

If you have money to use then why not? Christmas is once a year celebration and you can make it as a gift for yourself also to your family to give the best Christmas to them. But If you don't have any spare money then settle down and don't lend anything just to show off that you have good christmas this year because for sure you will suffer with paying debts with interest for long months.

Yes, there are people who had saved up for this particular season of every year on which they are saving up and would tend to spend it all once this moment arrives.Yes, its only once a year happening which it is

really just understandable that people would really be having that lavish kind of behavior when in speaking into their spending habits on this particular season.There are indeed times which you cant really be
able to control but of course it would be important that everything should be in control or else you would be spending on things which arent really that much needed or necessary.

Only make out some priority into those loved ones when we do speak about gifting or presents.

[Davian144]

Shhh...I didn't come across this topic all these while and I have already fallen into the trap,it isn't too late for me,I was thinking of making some more expenses for new year preparation but I will not anymore,as women we are always buying things that we don't really need just for show off. Good advice OP,thanks for saving me from more expenses that is not really important.

Actually what can save you from buying unnecessary things is you yourself, not the OP or anyone else. Because other people are only able to give the best advice according to their own version, while you are the one who must decide to stop or continue the habits that you often do. So what saves you in any case is yourself, not someone else. After all, not everyone is also willing to listen to suggestions from other people even though it seems important to be considered by himself.

[Stedsm]

The rich are not going to suffer from all this, those who will suffer are the ones who come under the middle class and lower class category. And mostly, people who invested heavily in crypto last year and even this year thinking of a quick recovery but are down a lot in their portfolio, should not spend blindly because if they break their investments to do that, then all the wait won't be worth it. I've seen some pattern on the chart and it says that we'll see a bull rally most probably in 2025-26 because we have been thrown back in time after all the mess that took place this year. Stay calm, and remember to keep your investments intact. I mean, if you've invested somewhere, just forget about it and try to find some other sources for your expenses (even if they are regarding celebrations of a festival).

[Iroh]

Online shopping could increase the spending with majority of the users. Maybe little would be exceptional to spend little shopping online. Making someone to shop for us could lower the spending, because we just list out the need and our requirements will be bought. Spending excessive is big problem considering the ongoing economic downturn. For a long we're supposed to limit our spending and this is particularly for the upper middle class and the poor ones.

I must admit, for some, doing your online shopping isn’t always ideal. Some folks like to see and feel and somewhat inspect whatever they’re purchasing.
Shopping online could make an unrestrained person spend more than necessary as you use minimal effort in shopping. You could see things you never bargained for and would click away adding irrelevant things to your cart. I think having some sort of discipline when spending money is valuable.
And yes, giving someone a list and having them shop for you would help limit or curb our excessive spending habits.

[hyudien]

Honestly, I haven't spent "that" much on Christmas, I just spent good enough, like some gifts, small gifts at those and some food and wine and so forth which were all come to like $200 at most and that's it. If that is a lot then it is a lot and I don't care, because I have very few days when I can celebrate with the group of people I love, and that didn't really disrupted my finance a lot neither.

Sure I have to postpone one of my debts just one month further but that's really not a big deal if you consider everything together, it is still a fine situation. I have to say time and moments are a lot more valuable than money, because you can get the money back, you can't get the time back.

I really agree with your words, it seems that it is not an excessive expenditure. Because you have done it carefully to make people around him happy. Money can be found again later but the happiness you create must mean a lot right? $200 to make the people around you feel good, doesn't matter at face value but that's the atmosphere you have to create. Every year there are still many people who cannot meet because of work matters outside the city, but those of us who can still visit them deserve to be celebrated together.

[Chrlie95]

Even though we have enough funds to spend, we can always cut it and send some to the needed because I believe there are some persons who do not have the fund right now to foot there bills.

I bought several charity donations gift cards for my beloved ones. You made an excellent point. If Christmas means sharing love, this suits mosts to the situation in my opinion.

[btc_angela]

Yes it's a good advise though, personally I have said for this worst situation because next year:

1. I will have to settle for the kids school, I paid half in the beginning, so we have a meeting in the school before Christmas and promise to pay the other half in January (I already have the money), and then continue to save for my children college after that.

2. Credit cards, yeah, this holiday for sure there will be shopping spree, but I will advise everyone to used cash and not their cc as not to put you in bad debt because of uncontrollable shopping.

[Wildwest]

Maybe this is just a warning to the underprivileged, and those who have enough money and all the finances are very good then Christmas is a day where they squander money to enjoy the very special day, then only a few people do limit their expenses because for the coming year there are still many more important things for them to fulfill, And for this year hopefully we can enjoy perfectly.

[rby]

Well, I think it is too late for such advice now. Everyone who wanted to spend money on Christmas has already done so, since it is getting close to Christmas around the world. But hey, at least we can all learn from our mistakes and make a plan to have a more financially responsible holiday season next year!

Merry Christmas to you too!

Very late. I am seeing this post today being 28th and I have already spent alot. But whatever Op said in the post is correct and should be followed going forward.
I discovered that this period comes with alot of expenses, both necessary and unnecessary ones.
Then the month of January user to be longer than other months and there used to be less money in circulation because people will start to hoard money and begin make fresh calculations for the upper year.

[Ben Barubal]

I’m using this medium and the opportunity to wish everyone out there on the forum a jolly and a merry Christmas.  I hope we all get to see and spend some time with loved ones, family and friends while spreading love, joy and cheer.

I also wish to remind everyone that we should spend money wisely and be very prudent. We should remember that by January of the next year, there would be a lot of bills that would need to be paid. So remember that while shopping for those items that may seem to be relevant and cool to get now but would be definitely irrelevant later on.
By January, a lot of people would probably be heading to the bank after going all out with their funds during Christmas to take loans to settle whatever bills would arise and there would be a lot that would arise!
I think money is always tight for most people in January cause they spent a whole lot of money during the Christmas period.

So while having a good time with friends, family and loved ones during this festive season, please remember that January, with all its bills is around the corner.

A very merry Christmas everyone!!!

   I think it's a habit of most people who believe in Christmas, the kind who don't mind having debt as long as they don't lose everything on Christmas day, and while January isn't here yet they don't think about it because of the bills next year.

And to be paid, the debtors will borrow from other people again, there is no endless debt repayment fee. But of course, if you can, don't borrow as much as you can, then don't do it at all.

Merry Christmas and happy new year to everyone

[milewilda]

Well, I think it is too late for such advice now. Everyone who wanted to spend money on Christmas has already done so, since it is getting close to Christmas around the world. But hey, at least we can all learn from our mistakes and make a plan to have a more financially responsible holiday season next year!

Merry Christmas to you too!

Very late. I am seeing this post today being 28th and I have already spent alot. But whatever Op said in the post is correct and should be followed going forward.
I discovered that this period comes with alot of expenses, both necessary and unnecessary ones.
Then the month of January user to be longer than other months and there used to be less money in circulation because people will start to hoard money and begin make fresh calculations for the upper year.

New year and New month then its an another start for us to gather and save up money on what we have spent for this festive season.Its true and i do agree on what the rest been saying that we are all saving up for
this season on which we cant really avoid not to spend up that much.There would really be those unnecessary or unexpected spending which it would really go beyond your budget or money which
simply means that you would need to patch it up into your next earning or salary.yes, its sad but as long it does give out that contentment and happiness since those things are been
given into your loved ones and relatives then it wasnt really that bad at all.

[Silberman]

Well, I think it is too late for such advice now. Everyone who wanted to spend money on Christmas has already done so, since it is getting close to Christmas around the world. But hey, at least we can all learn from our mistakes and make a plan to have a more financially responsible holiday season next year!

Merry Christmas to you too!

Very late. I am seeing this post today being 28th and I have already spent alot. But whatever Op said in the post is correct and should be followed going forward.
I discovered that this period comes with alot of expenses, both necessary and unnecessary ones.
Then the month of January user to be longer than other months and there used to be less money in circulation because people will start to hoard money and begin make fresh calculations for the upper year.

It is never too late, after all it is not like this is going to be the last holidays that you are going to celebrate, so even if you cannot really implement the advice being given on the OP now, you could always do it during the next holiday season, and taking into account that the economy is probably not going to recover as much as we want during the next year either then it is important to keep an eye on our finances so we are always ready to take action if we get to see another economic downturn.

[hyudien]

Very late. I am seeing this post today being 28th and I have already spent alot. But whatever Op said in the post is correct and should be followed going forward.
I discovered that this period comes with alot of expenses, both necessary and unnecessary ones.
Then the month of January user to be longer than other months and there used to be less money in circulation because people will start to hoard money and begin make fresh calculations for the upper year.

It is never too late, after all it is not like this is going to be the last holidays that you are going to celebrate, so even if you cannot really implement the advice being given on the OP now, you could always do it during the next holiday season, and taking into account that the economy is probably not going to recover as much as we want during the next year either then it is important to keep an eye on our finances so we are always ready to take action if we get to see another economic downturn.

You're right, it's never too late to keep starting over after all the spending he's spent on. Because celebrations to seek pleasure need to be done but with sufficient portions. If it's already done, let it pass, and in the future what needs to be done is to always control finances by minimizing waste. There are still many holidays to come, if you only spend them for one day it will be quite difficult to manage your finances the next day.

[Stalker22]

~

You're right, it's never too late to keep starting over after all the spending he's spent on. Because celebrations to seek pleasure need to be done but with sufficient portions. If it's already done, let it pass, and in the future what needs to be done is to always control finances by minimizing waste. There are still many holidays to come, if you only spend them for one day it will be quite difficult to manage your finances the next day.

I agree. It is always a good idea to keep an eye on our finances, especially during the holiday season when it's so easy to get carried away with all the celebrations and gift-giving. I do not know about you, but I find that the holidays are a time when my spending can get out of control. There are parties and events to attend, gifts to buy and wrap, food to prepare and share, and it is very easy to go over budget! But as you pointed out, moderation is key. After all, there are plenty more holidays to come, and we do not want to start the new year feeling financially stressed.

[Iroh]

Well, I think it is too late for such advice now. Everyone who wanted to spend money on Christmas has already done so, since it is getting close to Christmas around the world. But hey, at least we can all learn from our mistakes and make a plan to have a more financially responsible holiday season next year!

Merry Christmas to you too!

Very late. I am seeing this post today being 28th and I have already spent alot. But whatever Op said in the post is correct and should be followed going forward.
I discovered that this period comes with alot of expenses, both necessary and unnecessary ones.
Then the month of January user to be longer than other months and there used to be less money in circulation because people will start to hoard money and begin make fresh calculations for the upper year.

I think it’s never too late and besides, it’s better late than never right?
The OP created this thread on the 24th and you seeing it on the 28th and having spent a whole lot already is no fault of anyone but yourself. The month of January is no doubt a busy month filled with bills and preparations and plans for a variety of things. And for a lot of families, after spending a considerable amount of money during the festive period, money would be real tight.

I think a better topic head should be to avoid falling into financial ruin ever cause of reckless spending. Cause someone could run into financial ruin at any time and not just during the Christmas holidays.

[n0ne]

Having an futuristic view is always must. It is not with the upcoming month bills, but with each and every activity we need to follow the plan of spending based on what all expense we're supposed to make in the upcoming month. This will help us with better learning and avoid unwanted expenses that saves good fund when the same process is being followed long-term.