Avoid running into financial ruin this Christmas! - page 6.

fuguebtc

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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.

xSkylarx

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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.

Oasisman

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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

lienfaye

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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.

bitzizzix

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Actually it is the right of those who celebrate it, because this year has a different impression from last year which is still affected by Covid-19 and also government regulations that are still in effect.
and I think many people will think about this because there are two celebrations to be faced namely Christmas and also welcoming the new year, so the budget for both has been prepared and this must be considered so that it is not too wasteful, especially those who do not have a steady income or salary from their job , because I think those with jobs don't really care because they get bonus money for Christmas and also for the end of the year, and usually there is.
the OP's suggestions are great, and I think they also do what the OP mentioned. But they also have to be very careful in managing their expenses and as much as possible not involve their investment.

uneng

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A good reminder... Every new year there are a lot of taxes and bills to be paid. January is a problematic month from this perspective. But to say the truth, it's quite depressing to think like this during the Christmas Season. It should be a moment of the year where we could celebrate at its maximum with our beloved ones, while in reality it's when our worries start growing in our minds. Well, what comforts me is that every new year is a new hope that is born. It's a new chance to make things different and smartly, so besides thinking about managing your budget to make it last longer, it's also a good moment to think in a solution to increase your income, so next Christmas you don't have to worry about spending less to save money for the next month.

CageMabok

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Quote from: S A KHAIR on December 25, 2022, 07:02:47 PM

Enjoying life does not mean that we will spend extravagantly, but we should not be too stingy with ourselves. We have worked hard for 365 days non-stop and now it's time for us to rest and recharge to prepare for the next 365 days of hard work. I think that's the meaning of the new year, is for everyone to relax and enjoy.

The goal is not to spend extravagantly if you just want to enjoy the end of the year more pleasantly, because that is not a good thing and it can also make everyone forget to save money in starting the new year which will soon be coming. Resting with the aim of recovering energy (both brain power in thinking and energy of all members of the body) which is often used in work is still very logical because fatigue must be present after work.

But I prefer to relax with no burden or pressure on my mind while having a vacation on the beach with my family, even though it costs money, it's a very reasonable thing to spend at the end of the year. Because as you said that we should not be stingy for ourselves and I think that also includes the family.

S A KHAIR

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Quote from: Die_empty on December 25, 2022, 01:02:54 AM

Quote from: S A KHAIR on December 24, 2022, 06:32:38 PM

Quote from: Stalker22 on December 24, 2022, 05:34:55 PM

Well, I think it is too late for such advice now. Everyone who wanted to spend money on Christmas has already done so, since it is getting close to Christmas around the world. But hey, at least we can all learn from our mistakes and make a plan to have a more financially responsible holiday season next year!

Merry Christmas to you too!

Christmas has come and everything is about to pass, but before us is a new year. I think OP's advice is still valid for New Year's Days. Financial advice is very useful but not so that we are afraid to spend after a year of hard work, the end of the year is when we should take some time to enjoy life with our loved ones.

The new year is coming with diverse expenses and bills to pay. School fees, house rent, car maintenance, subscription bills, etc. My family knows my financial strengths, hence they understood that I can't spend so much this Christmas because this year was very challenging. They know that we don't need to borrow or use our investment funds to celebrate this year's Christmas because we still have more Christmases to celebrate in the future. It is advisable to spend within one's means and don't try to please or compete with people when you don't have the financial means. Merry Christmas to all.

Enjoying life does not mean that we will spend extravagantly, but we should not be too stingy with ourselves. We have worked hard for 365 days non-stop and now it's time for us to rest and recharge to prepare for the next 365 days of hard work. I think that's the meaning of the new year, is for everyone to relax and enjoy.

jossiel

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Merry Christmas before this day ends!

Well, it's a good advise but I can't blame people for spending a lot for this season because it's been different since 2020. That's why if there are people that have spent as much as they can like it's their last money, I can't blame them for doing that.

But at least they still able to save some and be wiser after realizing that they don't have much money left.

Yatsan

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Oh, the "one day millionaire" mindset. Actually I also up against it but I guess if people are really festive, we cannot do something about it. But as I have observed in my country, there are some people spending that much during holidays to brag towards other families. If you can really afford spending more than usual day during holidays, then that's just fine but if you know to yourself that you'll have nothing eventually, then that is where problem would arise.

Quote from: Majestic-milf on December 25, 2022, 12:47:54 PM

Quote from: mk4 on December 25, 2022, 01:00:21 AM

~~Re: Avoid running into financial ruin this Christmas!~~

Avoid running into financial ruin. Period. Regardless if it's Christmas or whatever day/holiday. A financial catastrophe is something you definitely wouldn't want under any circumstance.

Quite true. I don't think running into financial ruin has any specific period but I think the urge to spend is stronger during the festivities.
I also don't think at this point in time, anyone would need to be advised to be frugal with finance, since the times we are in says it all. But that won't stop me from enjoying myself tho.🥳🥳

Everyone would be needing advice but not all people would listen to what we are saying, unfortunately. Finance is an important thing in our lives and if you'd be irresponsible because of special ocassion, expect drawbacks afterwards.

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

I also wish to remind everyone that we should spend money wisely and be very prudent. We should remember that by January of the next year, there would be a lot of bills that would need to be paid. So remember that while shopping for those items that may seem to be relevant and cool to get now but would be definitely irrelevant later on.

This will depend on personal preference and also financial considerations. Many people use this special moment to be with their beloved family or people after so long time. So, they prepare everything for the special moment to get their best moment. But, what to do is do it wisely based on the financial conditions. No need to force at all. But, once more, this becomes a personal preference.

This also happens in other festive days or special moments when having wise financial strategy and management is a must in order to stay under the control of the financial condition.

Iroh

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I must admit, the urge to spend money more than necessary is multiplied during festive and mostly the Christmas season. And I think it’s pretty common to see people go out of their way sometimes to please family and loved ones with presents or cash gifts and go on to regret everything later on. There is this unseen drive to spend more and purchase things that are wanted but not needed.
January is about a week from today. Bills would need to be paid and a whole lot of expenses would reveal themselves. So it’s wise to be prudent at all times with your spending.

serjent05

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I always thought that this holiday is commercialized and makes people think that they should own new items during this holiday or they must buy gifts for their loved ones in order to please them. I am lucky that I do not buy those ideas. Spending too much during the holiday is a waste of money, IMO. We can have fun and enjoy the season even without spending too much money on it. What important in my opinion is that we never forget to greet other people and wish them well in the future to come. Often times people need attention, not gifts, especially our loved ones. So if we are low on budget, we do not need to go out of our financial boundaries in order to make our loved ones happy. A simple celebration with them is enough to show them how much we love and care for them.

ven7net

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Thanks for the congratulations and the warning. Indeed, when you have money, you want to spend it, especially when it's holidays. But as practice shows, we often spend money without thinking about tomorrow, and it’s very good here that you once again reminded that in addition to today and now there will be tomorrow and other days, which means we need to properly and rationally manage our money. Thanks again for the congratulations and the warning. Merry christmas.

isaac_clarke22

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

~

Well considering that there would even be a price hike of electricity bill here in my country, I am okay with just a simple celebration in this Christmas and New Year. I mean it is better to be wise using your money than just regret it later on. Shit like this happens randomly anyway so...

I am wishing everyone a Merry Christmas and a Happy New Year as well. We might have a rough year previously, but then we'll surely have it better this coming 2023.

Majestic-milf

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Quote from: mk4 on December 25, 2022, 01:00:21 AM

~~Re: Avoid running into financial ruin this Christmas!~~

Avoid running into financial ruin. Period. Regardless if it's Christmas or whatever day/holiday. A financial catastrophe is something you definitely wouldn't want under any circumstance.

Quite true. I don't think running into financial ruin has any specific period but I think the urge to spend is stronger during the festivities.
I also don't think at this point in time, anyone would need to be advised to be frugal with finance, since the times we are in says it all. But that won't stop me from enjoying myself tho.🥳🥳

Theones

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Quote from: nara1892 on December 25, 2022, 11:41:01 AM

Yes, we must have good financial management, even though this is the day we have been waiting for, but don't let this be the reason for worsening financial conditions after being happy. Everyone is happy today, don't let this happiness only be enjoyed on this day and the next day you feel confused because you have to pay bills or whatever it is. I think it will be very disappointing if it isn't better after, because what should happen is after today we can feel better and better than before.

many people are spending wisely - inflation has made people very upset. My christian friends have not purchased new clothes and they have not gone out for the dine out. They said they can eat at home because spending on a hotel is out of their budget.

nara1892

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Yes, we must have good financial management, even though this is the day we have been waiting for, but don't let this be the reason for worsening financial conditions after being happy. Everyone is happy today, don't let this happiness only be enjoyed on this day and the next day you feel confused because you have to pay bills or whatever it is. I think it will be very disappointing if it isn't better after, because what should happen is after today we can feel better and better than before.

virasisog

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This is a good reminder for everyone to enjoy while being mindful and responsible in spending during this holiday season. We can't deny the fact that there are lots of expences this Christmas but we should also know how to manage and control our finances wisely and think of our future expenditures. It's fine to be generous because it's the season of giving and sharing our blessings but it's also important to save for the upcoming bills next year. Anyway, Merry Christmas to you too, Op.

JoyMarsha

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Yes, everyone should cut back on their expenditures this holiday season to prepare for the start of the following season (January). Don't go over your budget and don't forget that the fun never ends.

It takes a lot of willpower to remain unmoved during this Christmas season (not spending much). The expectations of the public at this time are excessive. Regardless of how prosperous your finances are, every friend or member of your family desired a present or anything.

How I wish some individuals would learn how to put aside their egos and refrain from overspending on holiday-related purchases.

Topic: Avoid running into financial ruin this Christmas! - page 6. (Read 1188 times)