Five tips for a financially savvy festive season

1. Get in early

Write a list of every person you have to buy for and add a rough idea of what you’d like to buy them. Now, it’s time to get in and start ticking each person (or pet) off. 

Set aside time in your diary to shop in person, or online and smash it out. Most importantly, start now and cross each person off as you get their gift. You’ll get a little burst of achievement with every person you tick off and will be ready to move onto the next. 

By getting in early, you’ll avoid the express shipping costs incurred when you’re scrambling to ensure the gift arrives in time for Christmas day. Plus, you’ll ensure your loved ones don’t end up in an episode of Friends with a gift from the local petrol station. We’ve all been there. 

2. Set a budget (and stick to it) 

Maybe you’ve got $10 to spend on Christmas, or maybe you’ve got $1,000. Perhaps there’s people you like to splurge on in your family/ friendship group and there’s others you want to give a token of your appreciation. Divvy up your list with a budget for each person and challenge yourself to stick to it. 

If $10/$20 seems unachievable, it might be time to get crafty. A terracotta pot from Bunnings can easily be jazzed up with some paint and a small plant. 

And keep in mind, an experience often costs less than a gift and could be as simple as a voucher for the recipient’s local coffee shop. Supporting small business, and on-budget is a double win. 

3. Trim the fat 

Are there monthly or recurring subscriptions you could pop on hold over the festive season?  

Maybe you’re planning to head away over Christmas and don’t intend on hitting up the gym. Perhaps you plan on doing some Christmas cooking and could probably put that weekly food subscription service on hold for a while to save some money. 

Not sure of what other subscriptions you have? Here’s how you can see mobile subscriptions on iOS and Android. You might be surprised to see what sneaky subscriptions you’re still forking out for. 

4. Group the gifting 

Are you from a big family, friendship group or workplace?

Cut down on the cost of individual gifts and suggest a Secret Santa this year and save yourself some serious gift money. The budget might be as simple as $10 or $150, it’s really up to you! 

There’s a bunch of online tools to make the process easier (we like Drawnames) and those in the group can make suggestions of what they’d like. Participants can add online links to make the process smooth, simple and cost effective for all involved.  

5. Avoid late fees 

Sometimes you might head away for Christmas and other times you’re just so focused on relaxing, spending time with family and having a bit of a digital detox that bills can creep up. 

Add your upcoming bills to the Sniip app now, select when you’d like them to be paid then set and forget, enjoy your Christmas and know your bill are sorted without any painful late fees. 

Stats show 90 per cent of bills paid using the Sniip app are paid on or before the due date (probably because it’s so fast and easy!). That means more money for Christmas and less money burnt on late fees. 

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