Hello Hive Learners Community! Welcome to my post. It is the end of the year 2024, and the yearly budget is near the end. Hence, we need to adopt those strategies that can save us from money waste. No doubt, whether it is the end of the year or the start of the new year, both moments bring a lot of celebrations. If we are thrifty, we can save ourselves from budget-leaping. Otherwise, financial stress will be in our fate. To survive in these conditions, different people adopt different strategies. I'm one of the people who like to do planning whenever the budget is going to an end.
How to save ourselves from Financial Stress at the end of the year?
To play with money and to feel rich throughout the year are just tricks and nothing. If our expenses are more than our income, then we shall sooner end up independent of the savings we have. We need to make effective budget strategies to save ourselves from loan consumption and deficit. There are the following things that can save you from budget- leaping.
1. Make an Effective Short Budget
If our yearly budget is causing an alarming situation for us, then we need to make a short budget. Prioritize wisely what we have in saving, how much we can spend, and how much gap we have. Our wise and brave decisions will help us from financial stress.
2. Be Smart With Shopping
Before the loyalty points expire, we need to utilize them whenever we are going to buy something, especially Christmas gifts. Moreover, we need to visit those shopping Malls that are providing special offers like Coupons and Cashback. Your shopping at the end of the year will be more money-saving.
3. Must Involve Others
Don't go for an individual expensive party. Involve your neighbors, friends, and family members. You can collect all donations and arrange something special by making an equal share in it. Also, avoid hosting too many expensive gift presentations. If you can afford to be a Santa, then you should do otherwise, there is no need to pretend to be generous.
Being a Muslim, I always love to share Christmas Gifts with my Christian friends at the end of the year. I have purchased all gifts by utilizing Loyalty points and bought gifts where there were Christmas offers. I have a narrow budget range, and still, there are 5 days remaining. Moreover, I have involved my other Muslim friends in this Santa Presentation for the Christian Community.
Final Thoughts
At the end of the year, we have to face money requests and complaints from our friends, it is all due to ineffective budget policy. People like these only have an eye for money consumption. They didn't bother to save money for their hard time although there are 1 or 2% exceptional cases. We need to be sometimes thrifty and sometimes generous. We should not pretend to be rich and have consumed all December budget in just 5 days. If we are going to face budget leaping, we should have strategies to tackle them.
This post is my entry for HL Weekly Featured Content Check Your Finances. I hope you have enjoyed my post. Thanks!
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Living a life of pretence is one of the easiest way to bankruptcy... We should always at all times accept our stance and spend in a way that we should be comfortable with.
Involving others in our spending especially for the parties you talked about is sure a nice way to it too, that sounds like a good option
I think you have a good plan in terms of budget and all the points you mentioned seems important.
We must not buy everything we see, we need to learn how to cut down some unnecessary expenses in other not to go broke after the festive season