We’ve officially entered the end of the year, and you know what that means- Christmas is almost here, there’s going to be a lot of travelling, the holiday season is around the corner and very importantly- Detty December is just a few days away.
For those who are out of the loop and have no idea- ‘Detty December’ is the term coined for all the fun and exciting stuff that takes place in the last month of the year- from concerts to parties and more. Detty December is so important that people start saving their money so they can have the time of their lives while others depend solely on their December income.
It’s so easy to get carried away, chopping life that you end the year broke and begin 2020 with a bank account that’s begging for mercy.
To avoid stories that touch, here are some ways to stay financially responsible and stable during ‘Detty December’:
Create a Budget
If you’ve been reading the Personal Finance articles for some time, you’re used to seeing the word ‘budget’ often. That’s because it’s an essential part of your financial life. If ‘Detty December’ is so important to you, you should create an individual budget tailored to your plan. This budget should accommodate all your expenses for the month. Flex money and everything.
Decide Your Flex
In other terms, carefully choose what you’re spending your money on. There are so many events happening in December; it’s impossible to go for all of them. Honestly, you don’t have to. Review each event (the venue, ticket price, transportation costs, etc.) and decide which ones you should go for. This way, you can ensure you don’t go overboard.
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Save (Like Your Life Depends On It)
You can’t spend what you don’t save. You could set some money aside in a different account or automate the savings via an app. This helps you to ensure that the money is separate from your day-to-day savings.
Make A List
Going shopping? You need a list that covers all the things you need to buy. This list should work with your budget, to ensure you spend wisely and ensure you stay disciplined.
Split The Bill
Another way to ensure you stay financially afloat during this period is to split specific bills with your squad. You can split your cab fees, split your dinner fees and more, to ensure that you don’t hurt your finances too much.
Look out for Discounts and Sales
There are a ton of discounts and sales during December, so you should take note of them and use them to your advantage. There’s nothing as sweet as getting fresh items at a lower price.
What are your plans for Detty December? Are you turning up or celebrating low-key? We’d love to know!
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