7 Ways To Be Savvy With Your Christmas Shopping
Christmas shopping this weekend? Hit the shops (or the web) with a plan, and you’ll make everyone on your gift list happy…as well as your wallet! From buying gifts to entertaining during the silly season, Commonwealth Bank has some easy tips to show you how to be savvy with your Christmas spending this year.
1. Hit the shops with a plan
Make a list of all the people you have to buy a gift for (and remember not all of your Facebook friends need a gift) and set a budget for how much you want to spend. Having a plan is a key way to minimise overspending.
2. Share the gift giving
If you have too many people to buy gifts for consider holding a Secret Santa with your family or friends, or going in together to buy a joint gift. Joint presents are a great option because you can also afford a more significant gift with the combined money.
3. Set yourself a budget
It is easy to get caught up in the festive spirit and overspend. You can avoid this by setting a Christmas budget that takes into account all your foreseeable expenses. Remember, the festive season can be filled with Christmas parties and spontaneous events with friends and family, so be sure to include these costs alongside items like presents, wrapping, cards and postage.
4. Look online for Christmas gifts
Avoid the temptation of buying extra unnecessary presents at the shops by making a list of what gifts you need to buy and purchasing them online. The internet is also a great resource for finding the best prices for gifts before you reach the check out.
5. Keep an eye on your festive spending
While you’re out shopping it’s easy to get caught up and lose track of how much money you’re spending. Using a mobile banking app such as CommBank Kaching can help you monitor your spending instantaneously.
6. Save your receipts
It’s always frustrating when you spend your hard earned money on a gift that someone doesn’t like. However, it’s even worse if you can’t exchange or refund that gift because you’ve lost the receipt. Commonwealth Bank has made it easier for you to keep receipts with an online virtual safety deposit box – NetBank Vault.
7. Get back to basics
When it comes to gift giving at Christmas, it is the thought that counts. Why not make your own homemade chocolates, jam, or create a personalised recipe book for friends and family? Creative and thoughtful gifts don’t have to be expensive.
What’s your best Christmas shopping tip?