The Christmas bells are starting to ring and there is already
merriment in the air as Nigerians are always eager to welcome the yuletide
season, recession or not. As much as we love the Christmas parties, rice,
chicken, and bottomless glasses of red wine, though, Christmas can be stressful
financially as when you add it all up, it actually turns out to be a super
expensive time of year.
With that said, it doesn't always have to be. There are ways
to avoid spending your naira on the less important parts of the festive season. Today, we share 5 tips for
saving money and staying sane while navigating holiday shopping madness.
Plan for affordability,
not desirability
Yes, you want the best
for yourself this Christmas, however, you need to put your account balance in
mind. Before you start planning, ask yourself: How much can I afford to spend
this holiday season? Make a list, keep a budget in mind and set realistic
spending limits. It is actually easier to mark out the specifics when you have
a rough idea of the total amount you want to spend.
Grab bargains
It is Christmas, almost
every store or shop will have end-of-year sales where the costs of several
items are discounted. Take advantage of this and pick the items you need for a
lesser price than you normally would have purchased them for. Also, you can
decide to plan ahead for next year’s Christmas and buy Christmas end-of-sales
items for even less by January. Gift wraps, Christmas cards, decorations and
plastic tree have heavy discounts hit in January.
Refrain from impulse buying
Christmas shopping on impulse is dangerous. It is very easy to get
carried away or swept up in the holiday spirit when everything in the shopping
centre has Christmas cheer written all over them and there are also so many
discounted items. Do not fall into that trap. Try to remember that the fact
that some of these items are super cheap does not mean they are essential to
you. No matter what you do, do not stray from the items you have
marked out on your list.
Look to buy online
Nigerians have fully embraced e-commerce now and so, a majority of
sales will be done online this season. Save yourself the cost and stress
of actually walking into the store and hauling a cart and do all your shopping
online. There is absolutely no denying you could probably find whatever you are
shopping for, cheaper online. Try Jumia online store for clothes ,perfume, even
food e.t.c – it is the same products, only cheaper.
Start shopping now
Don’t wait until the first week of December to start buying
holiday gifts, start now! It might seem early, but by buying a few things
everyday or weekend between now and actual week of Christmas, you will be able
to keep on top of your finances and keep tabs on what you are buying, without
it coming as a huge shock to you all at once.
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