Mackay Born and Bred - 📩 (07) 4957 7424

Financial Wellbeing: A Gift Worth Giving Yourself

Hamish Rogers

Financial Advisor

August 11, 2025

financialplanning

The festive season is a time of joy and celebration, but it can also lead to a financial hangover in the New Year. Overspending on gifts, parties, and decorations can quickly add up, leaving us with unwanted debt. In 2022, Australians spent more than $66.7 billion during the pre-Christmas sales. With the rising cost of goods and services, it's expected that spending will increase this year.

5 Ways to Rein in Christmas Spending:

  1. Create a Christmas Budget: List all costs (gifts, decorations, food, travel, and entertainment) and set limits for each category. Use budgeting apps or spreadsheets to track expenses.
  2. Embrace the Spirit of Giving: Organize a Kris Kringle or Secret Santa gift exchange to reduce the financial burden and add excitement to the festivities.
  3. Take Advantage of Sales and Discounts: Start shopping early to benefit from sales and discounts. Stockpile non-perishable items before prices rise.
  4. Online Shopping: Find better prices online and use third-party websites for cash back or rewards.
  5. DIY and Personalized Gifts: Make your own gifts, such as homemade cards, photo albums, or baked treats.

Tackle Any Debt Now:

If you're feeling burdened with debt, don't wait until after Christmas to address it. Consider consolidating high-interest debts into a single, more manageable loan. Alternatively, cut back on expenses and divert money to repaying debt. Implementing the snowball method can help inspire you to continue reducing your debt load.
Taking control of Christmas spending and debt is crucial for starting the New Year on a positive financial note. Plan early, know what you can afford, and prioritize your financial wellbeing for a debt-free and stress-free holiday season. If you need assistance managing your finances, contact our team of financial experts today.
All information included in this blog does not take into account any personal objectives, circumstances or needs. It is intended as factual information only. Before acting on any information, we suggest you seek personal financial advice. At Gardian Financial Planning in Mackay, we offer those services. Please feel free to call us at 07-4957-7424 or email us at fp@gardian.com.au.
Post Tags :
financialplanningFinancial PlanningFinancePersonal Insurance
Share this post :