Festive Financial Hangovers

Hey guys, Nathan here.

It’s coming up to the Festive time of year, of course for most it starts from the Melbourne Cup, and before you know it you’ve been to four, five, sometimes 9-10 Christmas Parties.

And for a lot of us, Christmas and New Year is an exciting time of the year, not only celebrating, but being social, having parties, and then there is the expensive act of gift giving.

As exciting as this time of year is, many individuals tend to overspend and overindulge in the festivities, leaving them financially hungover as we head into the New Year.

So, today I would like to share a few strategies to help you spread the festive love without breaking the bank! So, let’s go.



1. Start early and plan ahead

The main key to avoiding the financial hangover during the festive season is to start early.

Get a jump on your gifting well in advance. Create a comprehensive list of everyone you plan to buy for and allocated a budget for each person. Starting early also allows you to take advantage of the off-season sales, making sure you’re finding the perfect gift at the best prices.

By planning, you not only reduce the stress associated with last-minute shopping but you’re also gaining a better control over the finances. It’s a win-win situation that sets the stage for a smooth festive season. So, let’s go… and get that gift list organised. (I’m happy with chocolate presents!)


2. Take advantage of Off-season Sales

Hint: Who said you can only shop for Christmas gifts in December?

Embrace the savvy shopper in you by taking advantage of off-season sales throughout the year. Many retailers offer discounted prices on various items during off-peak times, allowing you to grab a great deal on plenty of gifts.

Consider purchasing gifts that aren’t time sensitive, such as decorations, wrapping paper or even non-perishable treats. By spreading your gift shopping over the months heading into the season, you’re not only saving money, but also avoiding the financial strain of a single big-ticket spending spree.

So, be on the look out for those sales – it’s a budget friendly game changer.


3. Create a Christmas Gift Fund.

Let’s talk about creating a dedicated Christmas Gift Fund.

This simple yet effective strategy involves setting aside a small amount of money each month specifically for gift purchases. Treat it like a savings account dedicated to spreading joy during the festive season.

By consistently contributing to this fund, you’ll build a budget cushion that makes gift shopping a breeze. It’s an easy and practical way to manage your finances, ensuring you have the funds you need when it’s time to purchase those thoughtful presents.

So, why not start building your Christmas Gift Fund today?


4. DIY and Personalised Gifts

I’m not going to lie, sometimes the most meaningful gifts don’t come with a hefty price tag. Consider do-it-yourself (DIY) gifts or personalised items for your loved ones. Not only are these gifts cost-effective, but they also carry a special touch that can’t be replicated by store-bought items.

Get creative with your gift ideas. Personalised photo albums, handmade crafts, or even a thoughtful letter can make a significant impact. The joy is in the effort and the personal connection you create through your gifts. So, let’s get those creative juices flowing and make this festive season extra special.


Spreading the festive love is not just about the gifts themselves, but also about the thoughtful planning that goes into those gifts.

Remember the goal is to enjoy the holiday season without the financial stress that often accompanies it.


If you’re wanting to discuss your finances, and your financial goals for the new year, please feel free to contact us on 02 9011 6669 or via our email: info@ngraccounting.com.au

Please know that if you’re feeling overwhelmed and need to speak to someone about your financial situation, please know that there is help available. If you don’t know where to start, you can call the free National Debt Helpline on 1800 007 007. The helpline is open Monday to Friday, 9.30am – 4.30pm.

More information can be found at https://moneysmart.gov.au/managing-debt/urgent-help-with-money


The information provided by our firm is of a general nature and does not consider your specific financial circumstances, needs, or objectives. The information is not intended to be relied upon as specific advice and should not be treated as such. Before making any financial decisions, we recommend that you seek professional advice tailored to your specific circumstances.

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Updated 06 December, 2023




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