How to spread your Christmas spending so you don't run out of money

Set a total budget

Define how much you can spend: Review your monthly income and expenses to determine a reasonable amount you can spend on holiday shopping without compromising your finances.

Categorise your spending

Divide your budget into different categories, such as:

• Gifts: For family and friends.
• Decorations: Tree, lights, etc.
• Food and drink: For dinners and get-togethers.
• Christmas cards: If you send cards.
• Activities: Outings, events, trips, etc.

Set limits by category

Plan ahead

Start shopping early: This way you can take advantage of bargains and avoid last-minute purchases, which tend to be more expensive.

Make a list: Write down who you are going to give gifts to and what you need to buy, within the limits of your budget.

Use appropriate payment methods

Cash vs. card: Consider using cash to keep control of your spending. If you use a card, set a limit and make sure you can pay off the debt at the end of the month.

Avoid impulse purchases

Be realistic: Stick to your list and budget. Ask yourself if you really need each item you are considering buying.

Take advantage of offers and discounts

Research: Look for promotions, discounts and special offers in physical and online shops.

Check and adjust your budget

Write down your spending: Keep track of what you've spent to make sure you don't stray from your budget. If you see that one category is going over your plan, adjust the others to compensate.

Think about alternatives to gifts

Consider handmade gifts, gift exchanges or experiences instead of material items.

Save for next year

After Christmas, start saving for next year. You can set up a small monthly fund for your Christmas expenses.

By planning your spending in an organised way, you can enjoy the holidays without financial worries. Remember that planning and control is the key - Happy Holidays!