Avoid running into financial ruin this Christmas! - page 5.

Ryu_Ar1

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Quote from: harapan on December 27, 2022, 10:55:41 AM

It's not just wise to spend foolishly during the festival periods not just it but at all times but people tend to show off buy things that aren't worth getting.
Avoid showing off especially when with has to gifting distance friends and relatives expensive commodities.
January tends to be very long and hard mostly bills to sort and investment to make why waist em all when you have nothing coming back in return. Do not forget to spend lesser than what you earn

Staying humble and acting as usual is the best thing, even though this is once a year but I quite agree with what you said because this is not something good if it is too pushy and you have to be aware of the conditions so that we know the right limits. Giving gifts is the best but we also have to be aware that forcing a big and expensive gift when we can't do it is something that can actually be harmful to ourselves.

arwin100

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If you have money to use then why not? Christmas is once a year celebration and you can make it as a gift for yourself also to your family to give the best Christmas to them. But If you don't have any spare money then settle down and don't lend anything just to show off that you have good christmas this year because for sure you will suffer with paying debts with interest for long months.

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Shhh...I didn't come across this topic all these while and I have already fallen into the trap,it isn't too late for me,I was thinking of making some more expenses for new year preparation but I will not anymore,as women we are always buying things that we don't really need just for show off. Good advice OP,thanks for saving me from more expenses that is not really important.

harapan

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It's not just wise to spend foolishly during the festival periods not just it but at all times but people tend to show off buy things that aren't worth getting.
Avoid showing off especially when with has to gifting distance friends and relatives expensive commodities.
January tends to be very long and hard mostly bills to sort and investment to make why waist em all when you have nothing coming back in return. Do not forget to spend lesser than what you earn

CoiRabbit

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Well written and I wish you Merry Christmas and Happy New Year!

tygeade

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Quote from: Peanutswar on December 26, 2022, 04:57:02 AM

For sure some of them are spreading a lot of money because this is a once every year happening and I guess well deserved of all people treat themselves to have this enjoyment with their family with some gifts, after that of course you will grind again to get back those losses but of course, if you know with yourself that you don't have the capability to make spend a lot of money still give some for your family and make all those budget organize. Still use your money wise.

Honestly, I haven't spent "that" much on Christmas, I just spent good enough, like some gifts, small gifts at those and some food and wine and so forth which were all come to like $200 at most and that's it. If that is a lot then it is a lot and I don't care, because I have very few days when I can celebrate with the group of people I love, and that didn't really disrupted my finance a lot neither.

Sure I have to postpone one of my debts just one month further but that's really not a big deal if you consider everything together, it is still a fine situation. I have to say time and moments are a lot more valuable than money, because you can get the money back, you can't get the time back.

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Quote from: Iroh on December 26, 2022, 04:33:51 PM

Quote from: bitgov on December 26, 2022, 04:19:07 AM

Quote from: hyudien on December 26, 2022, 02:16:13 AM

Therefore it is necessary to manage the allocation of funds for certain celebrations. So well organized, I do it ahead of time by saving up for some holiday lists. So avoiding waste is my way of coping with spending. Actually, there is nothing special about celebrating now, maybe many people realize that at this time facing next year it is necessary to have an emergency fund rather than having to spend it in one day.

That is correct.
I have now stopped going to the market because when you go there you buy unnecessarily and then you repent because you have over spent. I have no control over myself when I am in mall. The best practice is to stay at home and spend some time on work desk so to earn some money.

If you have got little or no self control when going shopping anywhere, then you should get someone to do the shopping for you in order to curb excessive spending. I can understand spending more than expected when going shopping as things that aren’t exactly needed or important at the moment would look attractive to the eyes and you’ll end up buying it. That’s why you have to have moderation in everything including your spending habits.
You could also shop online and add to your cart exactly what you need. I think that could help in curbing your excessive spending habits.

Online shopping could increase the spending with majority of the users. Maybe little would be exceptional to spend little shopping online. Making someone to shop for us could lower the spending, because we just list out the need and our requirements will be bought. Spending excessive is big problem considering the ongoing economic downturn. For a long we're supposed to limit our spending and this is particularly for the upper middle class and the poor ones.

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Quote from: gantez on December 26, 2022, 04:20:55 PM

Quote from: Peanutswar on December 26, 2022, 04:57:02 AM

if you know with yourself that you don't have the capability to make spend a lot of money still give some for your family and make all those budget organize. Still use your money wise.

People that is no much money to spend should avoid taking alot of alcohol and get drunk. If you are drunk you can lose your mind and your plans not to spend money will scatter then you will spend the money and to regret about it after you finish the money when the alcohol is out from your head. If you don't have money to spend , you don't drink and get drunk and also keep your money far away from you so to avoid temptation of spending.

There are ones who do have good control despite of being drunk or in influence of alcohol.Yes, it might really make things to be shaky but im a type of person who cant just be that impulsive when it comes to your money
and make out some unnecessary spending since you do know that there are much more important things which you do need to save up and dont tend to make use of those funds for unnecessary spendings.
I agree into most points that Christmas and overall holiday season is the time on spending your time with your family and dont ruin up your finances on this Christmas season
just because you had make use into other means and on the next day you would really be regretting basing on what you have done.

Iroh

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Quote from: bitgov on December 26, 2022, 04:19:07 AM

Quote from: hyudien on December 26, 2022, 02:16:13 AM

Therefore it is necessary to manage the allocation of funds for certain celebrations. So well organized, I do it ahead of time by saving up for some holiday lists. So avoiding waste is my way of coping with spending. Actually, there is nothing special about celebrating now, maybe many people realize that at this time facing next year it is necessary to have an emergency fund rather than having to spend it in one day.

That is correct.
I have now stopped going to the market because when you go there you buy unnecessarily and then you repent because you have over spent. I have no control over myself when I am in mall. The best practice is to stay at home and spend some time on work desk so to earn some money.

If you have got little or no self control when going shopping anywhere, then you should get someone to do the shopping for you in order to curb excessive spending. I can understand spending more than expected when going shopping as things that aren’t exactly needed or important at the moment would look attractive to the eyes and you’ll end up buying it. That’s why you have to have moderation in everything including your spending habits.
You could also shop online and add to your cart exactly what you need. I think that could help in curbing your excessive spending habits.

gantez

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Quote from: Peanutswar on December 26, 2022, 04:57:02 AM

if you know with yourself that you don't have the capability to make spend a lot of money still give some for your family and make all those budget organize. Still use your money wise.

People that is no much money to spend should avoid taking alot of alcohol and get drunk. If you are drunk you can lose your mind and your plans not to spend money will scatter then you will spend the money and to regret about it after you finish the money when the alcohol is out from your head. If you don't have money to spend , you don't drink and get drunk and also keep your money far away from you so to avoid temptation of spending.

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Quote from: og kush420 on December 26, 2022, 11:42:19 AM

Quote from: fuguebtc on December 25, 2022, 10:46:40 PM

Quote from: Oasisman on December 25, 2022, 10:03:21 PM

Most of us has a Holidays financial plans already a few months before Christmas. So, I don't think people would struggle with financial crisis after spending for Christmas. Most financial crisis comes unexpected, most especially when someone from your household is sick and needs immediate hospital medications, that's we're your budget messed up, because most of us doesn't care about emergency funds (for health purposes) until we literally have it experienced.
So, I guess the advice should be "Have an emergency fund always and enjoy the Christmas holiday." lol

I also planned a few months ago that Christmas and New Year's Eve only come once a year and are major holidays that repeat themselves, so I believe everyone has planned and prepared well. It is not a crisis or war that happens suddenly but has to make us unable to handle it, you are right. But one thing must be admitted, this year, things have become extremely difficult, and this year's Christmas is less rich than every year. The new year is also coming, and we hope to have a better year. Happy New Year.

I think there is no harm in wearing the old clothes and celebrating the christmas with the simplicity.
People in my country has no big budget to spend on christmas and they are saving up small amounts they are receiving on the christmas from their family and friends.

It just turns out that every holidays then you cant really avoid on someone not to consider on buying on new things, some are really for showing off and some do become a standard thing where spending on things is
much more than on those ordinary days which is something considerable.There are even people who had been saving up money since January and trying out to buy something when December comes which i dont
really see anything wrong with this. If you are really into the point on which you are taking up some loan or spending a huge chunks or part of your emergency funds or savings then this is where things go out of hand which is something that it isnt really that suggestable to be done by someone. This holiday season doesnt mean about new cloths and stuffs but rather spending time together with your loved ones.

TheGreatPython

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Quote from: xSkylarx on December 25, 2022, 10:19:04 PM

As long as you have extra money to buy presents and celebrate the holidays, it is okay. This season only comes once a year, and we know that there are a lot of bonuses coming in for those workers. I myself find that once I receive my bonus, I usually pay off my debt, and if I still have extra money, that is when I buy presents to give and celebrate the holiday season. But again, we shouldn't spend more than the money that is coming in to us since we will celebrate the new year broke, and that isn't good.

Indeed it can only come rarely than the bills xd, so this must be celebrated no matter what. Not all workers are being given out by a bonus but those who are qualified are usually a regular employee only. Also, the bonus amount will depend on the company that you are working with.

Not all times the bonus is decent but sometimes the amount can be disappointing too. In your case, your bonus looks decent. That's great but I think your debts are more greater because you prioritize them more than anything else. This is the bad part of having a debt because it limits our ability to do something else. This is why I am trying to avoid it as much as possible.

og kush420

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Quote from: fuguebtc on December 25, 2022, 10:46:40 PM

Quote from: Oasisman on December 25, 2022, 10:03:21 PM

Most of us has a Holidays financial plans already a few months before Christmas. So, I don't think people would struggle with financial crisis after spending for Christmas. Most financial crisis comes unexpected, most especially when someone from your household is sick and needs immediate hospital medications, that's we're your budget messed up, because most of us doesn't care about emergency funds (for health purposes) until we literally have it experienced.
So, I guess the advice should be "Have an emergency fund always and enjoy the Christmas holiday." lol

I also planned a few months ago that Christmas and New Year's Eve only come once a year and are major holidays that repeat themselves, so I believe everyone has planned and prepared well. It is not a crisis or war that happens suddenly but has to make us unable to handle it, you are right. But one thing must be admitted, this year, things have become extremely difficult, and this year's Christmas is less rich than every year. The new year is also coming, and we hope to have a better year. Happy New Year.

I think there is no harm in wearing the old clothes and celebrating the christmas with the simplicity.
People in my country has no big budget to spend on christmas and they are saving up small amounts they are receiving on the christmas from their family and friends.

Theones

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Quote from: Peanutswar on December 26, 2022, 04:57:02 AM

For sure some of them are spreading a lot of money because this is a once every year happening and I guess well deserved of all people treat themselves to have this enjoyment with their family with some gifts, after that of course you will grind again to get back those losses but of course, if you know with yourself that you don't have the capability to make spend a lot of money still give some for your family and make all those budget organize. Still use your money wise.

at this moment - while everyone is struggling and richer are getting richer and poorer are getting poorer
Many middle class people are wearing old clothes and celebrating christmas with simplicity rather than spending money and then repentneting later.

Peanutswar

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For sure some of them are spreading a lot of money because this is a once every year happening and I guess well deserved of all people treat themselves to have this enjoyment with their family with some gifts, after that of course you will grind again to get back those losses but of course, if you know with yourself that you don't have the capability to make spend a lot of money still give some for your family and make all those budget organize. Still use your money wise.

bitgov

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Quote from: hyudien on December 26, 2022, 02:16:13 AM

Therefore it is necessary to manage the allocation of funds for certain celebrations. So well organized, I do it ahead of time by saving up for some holiday lists. So avoiding waste is my way of coping with spending. Actually, there is nothing special about celebrating now, maybe many people realize that at this time facing next year it is necessary to have an emergency fund rather than having to spend it in one day.

That is correct.
I have now stopped going to the market because when you go there you buy unnecessarily and then you repent because you have over spent. I have no control over myself when I am in mall. The best practice is to stay at home and spend some time on work desk so to earn some money.

hyudien

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Therefore it is necessary to manage the allocation of funds for certain celebrations. So well organized, I do it ahead of time by saving up for some holiday lists. So avoiding waste is my way of coping with spending. Actually, there is nothing special about celebrating now, maybe many people realize that at this time facing next year it is necessary to have an emergency fund rather than having to spend it in one day.

blockman

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Holiday seasons where everyone has a festive style of celebrating can't stop people from spending.

Quote from: Oasisman on December 25, 2022, 10:03:21 PM

Most of us has a Holidays financial plans already a few months before Christmas. So, I don't think people would struggle with financial crisis after spending for Christmas. Most financial crisis comes unexpected, most especially when someone from your household is sick and needs immediate hospital medications, that's we're your budget messed up, because most of us doesn't care about emergency funds (for health purposes) until we literally have it experienced.
So, I guess the advice should be "Have an emergency fund always and enjoy the Christmas holiday." lol

Not all have plans during the holiday season, because of the busyness of this time. I'm sure that many don't have ample time to plan it and just go with the crowd spending just as they did as long as they've got money in their pockets.
It's good to have it planned because we'll never know how much it will make us spend and that might be out of our budget. The latter part of your advice should always be taken into account, always have that fund for such emergencies but because of this rush, you may just also want to spend that for some expenditures. Tongue

bitgov

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Quote from: xSkylarx on December 25, 2022, 10:19:04 PM

Quote from: lienfaye on December 25, 2022, 09:56:06 PM

Quote from: White pawn on December 24, 2022, 05:17:35 PM

So while having a good time with friends, family and loved ones during this festive season, please remember that January, with all its bills is around the corner.

That's true. After the holiday season, the reality will hit us with the bills that needed to settle. It's not a problem if you spend your money wisely. But we know many of us used to celebrate Christmas by buying new things, gifts for our loved ones and of course many food. I don't think it's wrong since this season is the time that families are gathering to bond, however let's be responsible not to spend beyond of what we can afford.

We can celebrate this holiday season without spending too much. Simple celebration with family will do it's just depends on us how to make it extra special.

As long as you have extra money to buy presents and celebrate the holidays, it is okay. This season only comes once a year, and we know that there are a lot of bonuses coming in for those workers. I myself find that once I receive my bonus, I usually pay off my debt, and if I still have extra money, that is when I buy presents to give and celebrate the holiday season. But again, we shouldn't spend more than the money that is coming in to us since we will celebrate the new year broke, and that isn't good.

even if you have an extra money - you have to take care of your finances.
this is the very crucial time for everyone. And uncertainty is at the peak - so one should save the money they have to avoid trouble at the end.

Theones

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Quote from: fuguebtc on December 25, 2022, 10:46:40 PM

Quote from: Oasisman on December 25, 2022, 10:03:21 PM

Most of us has a Holidays financial plans already a few months before Christmas. So, I don't think people would struggle with financial crisis after spending for Christmas. Most financial crisis comes unexpected, most especially when someone from your household is sick and needs immediate hospital medications, that's we're your budget messed up, because most of us doesn't care about emergency funds (for health purposes) until we literally have it experienced.
So, I guess the advice should be "Have an emergency fund always and enjoy the Christmas holiday." lol

I also planned a few months ago that Christmas and New Year's Eve only come once a year and are major holidays that repeat themselves, so I believe everyone has planned and prepared well. It is not a crisis or war that happens suddenly but has to make us unable to handle it, you are right. But one thing must be admitted, this year, things have become extremely difficult, and this year's Christmas is less rich than every year. The new year is also coming, and we hope to have a better year. Happy New Year.

This christmas most of the people are cutting their expenses and are trying to live within their means.
Because there is no way one can cope up with the inflation but to cut down their expenses and earn more money to make their ends meet.

Topic: Avoid running into financial ruin this Christmas! - page 5. (Read 1188 times)