Celebrate Your pocket Size

As we prepare for this festive season (Christmas and New Year celebration), I feel strongly to share a thought on the need for us to celebrate according to our pocket size, not doing anything extravagant or out of our way to celebrate because of the economic situation in the country, even though we discussed it sometimes back (Get it Here).

The current economic condition is biting hard on businesses, which in turn bite hard on our personal finance, and we need to manage the situation well by not going overboard, with economic projections of tougher times by economist and financial analyst next year. Here are few thoughts to celebrate your pocket size:

Quit Competition this season.  The fact is we are always in a subtle competition either with people around us or with our last performance and we need to quite that this season and just spend based our pocket size, you can have a classy celebration without breaking the bank and getting yourself indebted.

Make a list of bills to be settled early in the year, the likes of School fee, rents etc. and make sure you make provision for this, if not fully then partially so as to avoid any embarrassment in the New Year.

Make a Budget for the Christmas and New year holiday celebration and do not exceed it, cut down on major unnecessary things, like outings, you can do the movie and the popcorn in the comfort of your home.

Prevent unnecessary festive trips, most people travel this season, and we tend to spend more when we travel, so my advice is to cut down those trips.

You might want to turn down visitors better still, streamline visitors during the festive season. if having people come around will put you under financial pressure, then you reduce drastically the number of guest visits this season. I must be quick to add that if you are not going to entertain visitors, you will not have to go visiting yourself, so they will not have to reciprocate your kind gesture.

January is the longest month of the year not because it has 60 days but because people are yet to fully recover from the spending's of the festive season, so my advice to you is save for the month so you will not have to go borrowing. and January is always known for compulsory bills like school fee, rents etc.

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Merry  Xmas and a Happy New Year!!!!