Silly season smart

Be financially smart when it comes to spending. It’s easy to put a dent in your pocket, but it doesn’t have to be this way. There is much to buy that doesn’t cost the earth, and it’s surprisingly simple to find thoughtful gifts at reasonable prices.

According to Eunice Sibiya, consumer education head at FNB, “It’s very easy to get carried away around the silly season, especially when it comes to buying presents. You want to see your loved ones happy, but this doesn’t mean that you have to blow your budget in the process. There are a number of ways to remain financially smart throughout this time of year.”

“Why not change your end-of-year spending habits and do your shopping online this year. You can do it from the comfort of your couch at home, you won’t have to brave the crowds, and you can take your time when choosing presents. It will also be easier to compare prices.”

A good start is to draw up a budget for the holiday season. Write down who you’re going to buy presents for, and what you will be buying. By doing it this way, you’ll begin with a predetermined list and won’t end up buying unneeded and unnecessarily items, she said.

If you’re buying presents for children, why not buy presents that two or more kids can enjoy, instead of buying individual presents. For example, board games will keep them busy indoors while promoting interaction even with adults, while sporting gear like a bat and ball set will keep them busy outside. It’s good exercise and develops social skills such as sharing,” said Sibiya.