‘I think I’m slightly impulsive, sometimes organized and always in search of a bargain!’- Lisa Snowdon

‘Tis the season for bulk buying and marketing campaigns.

While we prepare for the festive season, we are reminded of how far we have come since the beginning of the pandemic. With the economy constantly changing and things getting back to normal, we are looking forward to a well-deserved December break with our families.
For many South Africans this means big family lunches, gifts, and a multitude of Christmas sales… and while there are most definitely sales to enjoy, it does not do much for people who already struggle with impulsive spending. In fact, there is a chance you will feel even more pressured to spend after the tough year we have just had.

You may think that a bit of retail therapy is exactly what you need, but perhaps what you really need is not on sale. In this article we will be focusing on basic tips to avoid impulsive spending as well as making sure we do not fall victim to bulk buying during these difficult times.

1.) Do not buy what you do not need

As tempting as it may be, one of the biggest regrets people have after the December break is that they have now exhausted their funds and are having to struggle through January. One thing South Africans can take from their experience of the Covid-19 pandemic, is that nothing lasts forever and that your financial health is essential. When partaking in December festivities, it is important to not overspend, and keep in mind that there is an entire January around the corner.

2.) You need a budget!

Do not fall victim to spending money you do not have! Once you have made sure that you and your family have been taken care of, and the bills have been paid, you can now plan your festive shopping list. Make a list, plan your budget, and stick to it. The biggest and most inexpensive tip to saving this festive season is to know the difference between what you need and what you simply want.

3.) No money, no problem

There is always next year! It can be very daunting having to pass-up a sale because your budget does not allow for excessive spending, but rather miss out on an impulsive splurge and have money to support yourself through to the end of Janu-worry. There will be sales throughout the year, especially on things that you need, so don’t sweat it… good things come to those who wait.