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For the most part, Christmas is an enjoyable time of year, a time when we can connect with friends and family, reflect on the year passed, and all-around enjoy the simple pleasures of the winter season. However, there is another aspect of the festive season, and that’s the potential it has to derail our financial situation.
Below, we take a look at some of the common yuletide issues that can cause you to have financial difficulties further on down the line.
The Christmas Mentality
Take a look at the lights, the people having fun, and the giddiness of having time off from work, and you have a potential problem: getting carried away. As such, it’s important that you create a budget before Christmas gets into full swing, and make a vow to stick to it.
While it might be tempting to say ‘yes’ if you’re invited out for a fun meal out on the town, those costs will quickly mount. Before you realize that you’ve spent much more than you’ve planned. Learn how to say no, and how to get rid of that ‘FOMO’ feeling, and you’ll be fine.
Going Overboard with Presents
If you have children of your own, or nieces or nephews, then it’s easy to buy more presents than you should. After all, this is Christmas, and you want to see their faces all lit up with happiness! However, try to remember that the festive period is only about what’s under the tree.
While there’s no getting around the fact that children do love presents, they’re also able to enjoy other types of fun too. Essentially, you should do the same as above: stick a budget for presents, and keep to it, no matter how cute that children’s doll in the window might be.
Drinking and Other Issues
Some rules are laxer over Christmas. Want to spend all day in your pajamas, watching Christmas movies? Go ahead, no one will judge. Other rules are just as important during the holidays as they are during the rest of the year. Take driving under the influence of alcohol, which is more common over the Christmas period. If you’re accused of this crime, make sure you get in touch with Madrid Law DWI lawyers. If you don’t, and you’re found guilty, then you might lose your job and have greater difficulty finding employment in the future. It’s not worth the risk: even if you’re planning on having just one drink, take a taxi.
Forgetting the Essentials
It can feel like the world comes to a standstill between Christmas and New Year. People are off work, having fun, and doing their own thing. However, while it can feel like this, it’s not really the case. You still have bills to pay and other financial responsibilities. Make sure you’re keeping track of the date so that you don’t accidentally avoid paying your credit card bill. The penalties for missing a payment will take the edge off the good times.
Take the advice above, and your financial future will look just as good come January 1!