Skip to main content

Common Reasons Why Families Get Into Debt During December (And Ways To Avoid It!)

We are already halfway through November which means December is nearly upon us. And although it's named the happiest time of the year, it can be a month of misery for families. In fact, the only people who tend to be smiling is retailers and suppliers! After all, so much money is spent during the month that leaves families short for the start of the new year. And once they start experiencing money trouble, it’s hard to find a way out. Therefore, here are some common reasons why families get into debt during December and ways to avoid it!

They spend too much on presents

As you know, December brings us Christmas. But along with the holidays, there comes a high risk of debt. After all, you have to buy so many gifts for everyone that it can break the bank. And when it comes to your kids, you want to buy them what they want. But it can leave you attempting to pay off debt for months! Therefore, you need to be more careful how much you are spending for gifts. Make a list of presents you need to buy and how much you plan to spend on each person. That way, you can see where to make cuts, so that you don’t spend too much. Also, you need to make sure you are buying gifts during sales. That way, you will save money when purchasing presents for family and friends. And you can check out our guide to gifts that won’t break the bank!

They put the heating on too high  

The weather is already chilly. But the temperature drops even more during December. Therefore, you are going to put the heating on high. However, once winter is over, you will receive a large bill that you can’t afford to pay. Therefore, you need to be careful with the heating in your home. Set it to come on during times you are going to be in the house. After all, a lot of families have it on all day long which is costing them a small fortune. Also, if you have a fire in your home, you should use this to keep your family warm. And if you do get a large bill next year that you can’t afford you might want to look into something similar to cashfloat short term loans. That way, you can pay it off quickly without getting into further debt via the extortionate interest!

They spend a fortune on medical costs

As the weather takes a turn for the worse, it leads to an increase of flu. And as you know, it can be a nightmare when a member of your family does get it. You have to spend a fortune on flu products to help them get better. And if they do go to the doctors, you will have to fork out for the appointment. Therefore, you need to prevent your kids from getting bugs at this time of the year. Make sure they are all wrapped up warm before they leave the house. And encourage them to wash their hands at school, so they don’t catch bugs. Also, remember pets need to keep warm too. Vet bills can cost a fortune, so ensure they stay wrapped up to avoid bugs!

Tan Pug Covered With Brown Blanket
                    Pexels

They spend a small fortune on home repairs

Unfortunately, families experience more problems with their home during winter. For example, with the bad weather, it can cause issues with their roof. And they may also experience leaks in the homes if their doors and windows aren’t weatherproof. Significant home repairs can end up costing a family a small fortune. Therefore, before the bad weather hits, you need to make sure you winter-proof your home. Check the sealings on the doors and check the condition of the roof, so that you can deal with issues before it's too late!

They buy expensive decorations for the home

A lot of families end up spending a small fortune on decorations for their home. After all, companies hike the prices up every year so that a Christmas tree can cost you a bomb. Therefore, to ensure your family doesn’t get into debt during December, you should make your own decorations with the kids. Your home will look more unique if you have cute paper chains in your front room. Also, opt for a fake Christmas tree for your home which will last you a couple of years. It will save you spending a fortune on a real one which will be thrown out after Xmas.

Christmas Balls, Balls, Christmas Eve, Christmas
                    Pixabay

And be careful not to spend a fortune on days out with the kids while they are off for the holidays in December. Have fun days in your home, rather than spending a small fortune on trips to the movies!

Comments

Popular posts from this blog

Copycat Boston Pizza's Bandera Bread

Have you ever had a craving for something but then once you looked at it you realized, I can make that myself for next to nothing? That's how I felt last night I thought about ordering in some food but then realized I really don't want to spend any money. I really wanted pizza bread from Boston Pizza. So I recreated it and oh my goodness was it ever good. Try some of these great recipes too!  Pizza Bread Dough 1 cup warm water 1 tsp instant yeast 1 tsp sugar 2 cups flour  Seasoning 1 tbsp melted butter 1 tsp garlic powder 1 tsp onion salt 1 tsp parsley 1 tsp rosemary 1 tsp basil 1 tsp oregano 1/2 tsp sugar 1. Combine the water, yeast, and 1 tsp of sugar in the mixing bowl and let stand for 5 minutes. Add the flour and salt and mix until a ball of dough forms. Roll ball onto a floured counter top and knead for a couple minutes.  2. Put dough in an oiled bowl and let rise for 30 mins in a warm place with a clean cloth draped over top. While your doug

Affordable Ways To Make Your Home Look Luxurious

How do they do it? Professional designers seem to pull it off so effortlessly, but how will you make your home look more luxurious? You could just employ a professional or you can personally undertake the task of transforming your home into a place of luxury on a budget. In order to save money on your purchases, be creative and vigilant in your pursuit for the perfect style. Follow our budget-friendly ways for making your home a vision of luxury. Think it through, choose a style Luxury look isn’t enough to go on, so before you start shopping and wasting your money on furniture and decorations you might not even use in the end, first do some research. Go online and do some window shopping and find which style is more to your liking . An elegant Victorian style or something more modern and chic? Don’t get me wrong, you may want to mix and match, but before you commit by buying anything, consider what look you are going for. White is the color of elegance Choosing white as yo

3 HOME IMPROVEMENT TO MAKE BEFORE MOVING IN

While shifting to your dream house, you may face a mountain of pre-move work, including downsizing, packing, hiring moving trucks, and other help. When you already have a list full of tasks, home improvements for the new house might be the last thing. However, handling the new house renovation before moving in is convenient for you in many ways. Planning home improvement is exciting and stressful both. If you are moving to a house that is not entirely ready, you have massive things to do. To make things smooth, create a list based on priorities. If you are shifting to a freshly build house, you do not need to make a lot of renovation, though you can add a little personal touch to it. When you make house changes before moving in, you can save your floor and furniture from paint spills. You will have an open space to plan the house interior. You can protect yourself and your family from hazardous odors and dust. There are several home improvements like removing popcorn ceil