Easter Saving Tips
The Easter break is upon us, during this festive time you might be under pressure to spend more than you can afford. As always Smart Debt Advisors is here to help you the smart way. We have some great tips and ideas to help you save this Easter without breaking the bank.
- Always draw up a budget
Its important to draw up a budget, this will help you keep track of what you need and how much is needed. It will eliminate unnecessary spending. Once you are done with the budget, slip it into your handbag or wallet immediately so that you don’t forget it.
- Stick to your budget
Never deviate from your budget. Stick to your budget as this is your guide. If you are tempted to buy something that is not in your budget, ensure it does not exceed 8% of your budget.
- Avoid using your credit card
Do not use your credit card to buy unnecessary items. Remember your credit card is always you last resort to an emergency and should be used in extreme circumstance only. If you max your credit card you could run the risk of forking out extra money from your disposable income to pay the new instalment. You will also run the risk of paying huge interest rates.
- Buy in bulk
Buying in bulk is always better than buying single items. Be on the lookout for great deals at your local supermarket. If you cannot afford to buy items in bulk why not ask your friend or family members to join, this way you have more buying power and you can share the items between your family members or friends. What good about this option is that you don’t only buy for Easter period, you can use them after Easter as well.
- Save money a few months before Easter
We always recommend putting away money for a festive period like Easter. Save a few months before Easter, use an interest bearing account so you can earn interest while you save.