When it comes to a time of celebration, such as this particular kind, it is one that a lot of persons have prepared their minds for, to spend as much as they can and that had prompted them to start saving up for the season so they don’t have any cause for alarm. Unfortunately, not all of them were privileged to prepare well due to the uncertainty of life.
Personally, I don’t participate in the celebration but then, that didn’t stop the season from affecting me financially. It’s a general knowledge that, once it gets to this period of celebration, a lot of things are almost doubled the amount they were sold for, at the middle of the year. And for this reason, there is no discrimination as every one will have a fair share of it. This celebration period is a time a lot of persons have set their mind to make as many profit as possible for them to either spend lavishly on their celebrations or to save up for the days after the celebration.
Anyways, the fact that I don’t celebrate Chrismas has saved me from some unnecessary expenses and I must acknowledge that. But generally, the way I manage my finances is by saving up and also avoiding unnecessary expenses. I make sure to focus on the things I know I need first before considering other secondary projects. A period like this one, is a time when most marketers think they can sell things way higher than usual. So one way I saved myself from this uproar is to buy most of the things I need before the festive period.
Fortunately for me, when the market was still selling things at its usual rate, I was able to get some things I needed and when I asked for the price now, I was very happy I did what I did. Most people always forget to plan ahead and they always end up being a victim of this festive celebration thing. But then, like I said, most times it’s always due to how hard it was to save enough to get what is needed at the right time.
One other way I avoid spending too much this period is by staying at home, after all it’s the holidays, I really don’t have any reason to go out everyday and this has been a saving grace. Here in Nigeria, it is hard to go out of your house without spending money, so sometimes, not going out of your house is a saving mechanism, hehe. This won’t be so if I was partaking of all the celebrations going on though.
I’m very sure that those who are fully participating in this celebration will have a lot of things to share about their experiences. I’m only going to chip in a little tip to help them and like I started with, celebrations comes with expenses and the only way to run away from these expenses is if you don’t have to celebrate but then, to many, this is a compulsory celebration for them so all they need is a better way to maneuver through this times.
First, it is good to know the things you need and the things you do not need. By so doing, you get to easily filter out some things that shouldn’t be on the list. After knowing what you need and what is not needed, the next step is to check your financial records to know how much you have at hand to accommodate those expenses and also how much more you need to need to get everything sorted out and still have something at hand at the end of everything.
Once you’ve done this calculations, one thing you have to take your mind far away from is taking a loan or borrowing money to have a celebration. The moment you lend money for a celebration, you might hardly ever enjoy that celebration as you should. The ideal is to know what you have and manage it very well. If your source of income is not enough to accommodate your expenses, it means you don’t know how well to manage your needs from your wants and that is going to be a challenge.
There is time for everything, even a time to celebrate. We all have different preferences on the things we spend our income on but one thing we all have in common is that, we know what we can and cannot afford. Except we don’t want to cry at the end of the day, this knowledge is enough for us to manage our finances well. Don’t try to do more than you can all in the name of having a blast celebration because, whether you like it or not, the real life is still somewhere around the corner waiting patiently because that celebration will surely end.
Thank you for stopping by. ❤️