How to save money before Christmas
The simple ways you can save $500 in the seven weeks before Christmas have been revealed, including making coffee at home instead of buying it and setting up an automatic direct debit.
The Daily Mail reports financial adviser and author of She's On The Money, Victoria Devine, said if you want to pocket an extra $500 this silly season, you need to have a plan - as $500 equates to saving $10 a day or $71 a week.
'The first way to start saving is you could set up automatic transfers from the account you get paid into to your savings account - either for $71 at the start of the week or $10 every morning (even before you wake up),' Victoria said on Instagram.
If this doesn't work for you, the financial guru recommends trying to cut some daily costs in order to reach your goal.
The website reported if you typically buy two takeaway coffees each day at work, then try swapping them out for two at-home brews.
Alternatively, you could work from home a little more in the run-up to Christmas, as this will cut out commuter costs and the little spends you make when you go into the office.
'Shop online where you can,' Victoria said in a podcast episode on festive spending. You can make more educated decisions and make the most of discount codes. You are also more likely to buy less as you don't have that impulsiveness you get when you walk through Myer.'
If you plan to shop online, it's important to do it sooner rather than later, and also keep an eye out for huge sales like Click Frenzy and Black Friday - where you can often score great discounts.
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Read the full report here.
Photo: Danie Fanco/Unsplash
