Christmas carols and crunch: How to manage your finances this Christmas!

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Winter’s here and so is Christmas, well almost. Most of us are so excited that we still aren’t mentally prepared for it, though in the right way. Christmas lights and church bells bring a certain sense of optimism to even the most pessimist of individuals around. Sadly, though, December is also one of the difficult times of the year to save money as the prices of almost all the Christmas necessities are through the roof. This leaves most of us with outstanding debts come New Year. So, here’s our take on how you could plan your finances for the coming Christmas without having to worry about the juggernaut that follows i.e. January!

Save your money, honey!

The thumb rule always remains the same no matter what. Doesn’t matter if it’s cloudy or sunny, you should be saving your money. There’s no two ways about it and, if you really wish to spend big and enjoy Christmas like never before, you have to be humble with money. Christmas is still 20 days away, so do yourself a favor and become a money saver, for once.

Get real with your expenses

Sit down and plan your expenses for Christmas. Make sure you cover all the teeny tiny details of your expenses, don’t forget to keep some buffer for those unavoidable circumstances. Taking out a big chunk from your savings account isn’t advisable as christmas isn’t the end of the world and you still have a life to live after that.

Be modest with your money

Saving loads of money would make no sense if you end up buying things that you don’t actually need. A bargain isn’t really a bargain unless you spend it at something you actually need. Bragging is cool sometimes but doing it through buying meaningless stuff just to make your acquaintance jealous isn’t really bragging, it’s unfledged. So understand what you and your family need and if it’s really significant.

Sometimes, we all need some help

Now, borrowing from relatives isn’t really a big deal as people do it all the time but it still wounds your pride no matter what. India has a big online lending market where you could easily get instant personal loans without having to depend on your friends or relatives for assistance. You could get instant personal loans from Peer-to-Peer lending platforms like LenDenClub. LenDenClub is India’s best P2P platform that approves your loan on the same day and disburses the loan amount within 3 days.

To know how to apply for loan from P2P lending platform read this article, click here.

Christmas is supposed to be like candy, slowly melting in your mouth and sweetening every taste bud, making you wish it could last forever. Let it be so, for you and your family. Make use of the upcoming market of P2P lending in India and give yourself and your family the Christmas they deserve!

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