7 tips to avoiding the Christmas budget hangover

Christmas is a time for catching up with family and friends, overindulging and underestimating just how long it takes to get all those Christmas decorations up! Start planning your Christmas budget early to make sure you’re organised. Having a plan in place early will also ensure you know how much you will be spending and how much you will need to save. Below are 7 tips to avoiding the Christmas budget hangover: Work out your budget The first step to avoiding a Christmas budget hangover is working out what you can afford. Once you have an overall budget you can decide how you want to split your budget up. A good place to start is with gifts, grocery shopping, and your travel costs if you’re not hosting. Earn some extra cash If Christmas is at your house this year, you’re most likely doing a big clean up in preparation. Clear space by finding things around the house you no longer use or need and sell them online. Facebook marketplace, Gumtree and eBay are all user friendly and can be a fast way to make some extra cash and declutter your house. Anything you find that you can’t sell, you can always give away to charity to spread the Christmas cheer early. Make a list and check it twice Make a list of everyone you need to buy a gift for and write down how much you’d like to spend on each person (it’s a good idea to agree on a budget between loved ones or even start a Kris Kringle amongst extended family). If you have any ideas for...