How to avoid overspending this festive season | Meerkat | Savings, Insurance, Debt Management | Financial Solutions
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People tend to spend all their money (and money they don’t have) during the festive season. Gifts and food are the main culprits of this spending! Here’s how to protect your finances this festive season

Make a budget:

One downfall for many during the festive season is spending money you don’t have. You can get carried away buying gifts and it all soon ads up.

Instead a better way to ensure you our in control of your spending this festive season is to start a budget and find out how much money you have to spend. If you want to find out how to start a budget check out our easy blog post on how to do so.

Make sure you include all your usual expenses so that you don’t overspend. This way you will be able to decide what you can and cannot afford.

Making a budget this festive season will prevent any overspending and unnecessary borrowing of money. It’ll get your finances ready for the year to come.

Avoid taking out credit:

Don’t use credit during the festive season to buy unnecessary, extravagant gifts. This can significantly impact your finances in future. Rather save up for what you need to you start the new year on top of your finances.

If you are thinking about taking out credit during the festive season, check out why having no access to credit is good for you


Getting expensive gifts for your family may feel good for a week but in the long run it can just add to your stress.

If you decide to overspend on expensive gifts you will just increase your debt and end up having to pay a huge amount on repayments for the whole new year or even longer!

Instead of overspending on expensive gifts your family doesn’t need, rather go shopping with the intention of buying gifts to your budget.

Gift vouchers are a good way to stick to an amount you have allocated for each gift. Another good cost saving gift idea is to make a thoughtful treat bundle filled with chocolates and sweets. By cutting back on expensive gifts, you can ensure your finances will be in top shape for the new year.


Food costs can become overwhelming during the festive season. Instead of having a huge dinner or lunch to celebrate the festivities, ask all your friends and family to contribute to the meal. You can make a checklist and plan with your friends and family. Ask each one to bring one cooked meal and by the end of the list you should have a full lunch/dinner for everyone to enjoy. This allows your wallet to relive some strain and makes sure all costs are split.


Don’t let your finances get out of control this festive season. Make a budget and stick to it this festive season

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