FIVE TIPS TO AVOID OVERSPENDING THIS HOLIDAY SEASON

1. Set a budget – Keep track of your money so that you know exactly how much you have available to spend.

2.Manage expectations – When you have set up your budget plan, explain to your family how you allocated money for expenses and gifts during the holidays. This will help you and them avoid disappointment.

3. Start early – It is still not too late to purchase gifts or book a holiday – prices will skyrocket when the schools close for the year. Remember, the festive season is always followed by clearance sales. So if you need to buy something, rather look for a good deal then.

4. Swear off credit cards – Do not buy something if you cannot afford it in cash.