Ah, Christmas—the season of joy, carols, and wallet meltdowns.
Every year, millions of us dive headfirst into the festive frenzy. It’s all twinkly lights, piles of gifts, and enough wrapping paper to cover the moon.
But, let’s be real—does it ever feel like your bank balance takes the hit of a lifetime?
The reality is that you don’t need to rely on credit cards like they’re Santa’s sleigh.
So, grab a piece of fruitcake, settle in, and let’s have a look at how to avoid a financial hangover this Christmas.
First, let’s talk about why Christmas spending feels like running into a financial brick wall.
All of this adds up quite fast, and when we don’t have the cash to cover it all, guess who comes along, our dear old friend, Mr. Credit.
The holiday season hype really has a way of getting us all excited, doesn’t it? Sometimes that excitement can lead us to impulsive shopping sprees that we might regret a bit later. So, why do we find ourselves doing this? It often comes from wanting to celebrate our hard work over the year and feel a sense of accomplishment. In a way, we think of material things as a reflection of our success. But here’s the catch: while we might be proud of showing off that new gadget, not many realize the future expenses that can come with it!
Using credit seems harmless. Until Januworry rolls in, and you’re staring at a credit balance that looks like a phone number.
The problem?
Relying on credit might feel like a short-term solution, but it often leads to long-term stress.
Want to enjoy Christmas without turning to credit? Here’s how:
If you’re already feeling like you’ve maxed out every card in sight, you’re not alone. It could be spillover from last festive season!
Debt is scary, it keeps you awake at night when the funds to repay the debt isn’t available. But here’s the good news: there’s a way out of this cycle of hype.
Enter you new best friend, Debt Review.
Think of it as a financial reset button.
Debt review is a structured process that helps people manage their debt while staying financially afloat.
How does it work?
It’s not magic—it’s maths. But it works, ask our head Debt Counsellor, Nadia de Weerdt, she loves talking about all the challenges she has faced before, and how she solved them.
When you’re under debt review, you get breathing space to focus on what really matters.
Here’s why it’s a game-changer:
Yes, but stick to your budget. Focus on thoughtful, affordable options. We will work out a budget for you and if you stick to the budget and save a little every month, all will be good.
Everything in moderation- but really, what better gift than reduced monthly instalment relief could exist?
No, it’s temporary. Once your debts are paid off, you’re free to manage all sections of your finances as you like. (We just step in during the debt part to guide you to your goals while you maintain your budget responsibly during the process)
It’s very important to stick to the debt review payment plan. If you miss payments, the protection can be removed.
Reach out to a debt counselling company, like ours, and make sure the debt counsellor is fully registered with the NCR. At Sandton Debt Counselling we have quite a few employees who have the knowledge to assist you, but we all fall under the guidance and eyes of Nadia, whose registration number with the NCR is NCRDC3360.
Absolutely. A Christmas savings fund is the ultimate stress-buster. How about creating a fun vision board together? You could even take a cue from the kids and get some colorful paper for each family member to jot down things they’d love to have or do. Then, toss those papers into different jars with spending limits and have your very own lottery draw! Just imagine the joy on their faces when their item is selected! If saving isn’t possible right now, no worries! You can still have a blast by brainstorming free ideas, like who gets to choose the movie for tonight, or playing some favorite games, you haven’t had time for lately. And hey, you can always treat yourself to little delights, like a great book or a refreshing tech-free session!
Christmas doesn’t need to leave you in a mountain of debt. Spend smart, plan ahead, and if things get tough, don’t be afraid to ask for help.
Debt review isn’t about shame—it’s about taking control. It is about un-spiralling and getting off the rollercoaster ride of payday splurges that lead to stress later.
So this Christmas, let’s focus on what really matters: family, friends, and maybe a few too many pieces of fruit cake with custard.
Enjoy the little things. Christmas season is a time to be filled with childlike wonders and lay to rest some worries of the adult world. But the time you spend preparing before relaxing is equally important. It will save you from spending more time worrying about it later.
For help with your debt, or advice on how to manage your debt, contact Sandton Debt Counselling, we are here for you and want to help.
Our number is 087 550 1122 on both telephone and WhatsApp.