This archive report was first published on 22 December 2019.
As the festive season is in full swing, it's easy to get caught up in the excitement and overspend. However, with a little planning and discipline, you can enjoy the holiday season without breaking the bank.
According to Citizen TV, December is often referred to as the 'longest month of the year' due to the high expenses associated with it. To avoid going down the road of financial strain, here are four tips to help you save money this Christmas season.
1. Track your expenses
Before you start spending, make a list of the items you want to purchase and stick to it. This will help you avoid impulse buying and stay within your budget.
2. Look out for discounts and offers
Keep an eye out for deals and discounts that can help you save money. Whether it's a buy-one-get-one-free offer or a reduced price, take advantage of it to stretch your budget further.
3. Avoid impulse buying
With the extra cash from your December 'salo' and bonuses, it's tempting to splurge on every nice item you come across. However, remember that just because you can afford it doesn't mean you need it. Be mindful of your spending and only purchase items that are truly necessary.
4. Be aware of extra charges
When making payments or transferring money, be aware of any extra charges that may apply. The Co-operative Bank of Kenya is offering a convenient and secure way to make payments with their Co-op Visa Card, which comes with no extra charges.
By following these simple tips, you can enjoy the holiday season without breaking the bank. Remember to stay disciplined, plan ahead, and take advantage of deals and discounts to save money.
