You’ve been financially responsible throughout the year,
and you might feel the pressure to spend and splurge now that the festive
season is approaching, but it doesn't have to be this way. You can be financially
savvy throughout the festive season, especially when it comes to gift ideas
for your loved ones.
Ester Kali, Executive: Retail & Business
Banking at FNB (First National Bank) Namibia: “It’s very easy to get carried away in the
silly season, especially when it comes to buying presents. You want to see your
loved ones happy, but this doesn't mean that you have to blow your budget in
the process. There are a number of ways to remain financially smart during this time of the year.”
(Photograph: Ester Kali, Executive: Retail and Business Banking, FNB Namibia)
First, draw up a budget for the merry season. Kali says
it can be as simple as writing down who you’re going to buy presents for, and
what you will be buying. She says that by doing it this way, you’ll be visiting shops with a list and won’t be tempted to buy items which are not on your
list.
Kali also suggests doing your festive shopping early.
There’s no reason why you can’t buy presents throughout the year. By December
you’ll have a stockpile of presents and it will ease the burden on your pocket
during the mad rush and help you avoid falling victim to impulsive buying
during this period.
(Photograph: Maerua Mall in Ausspannplatz, Windhoek)
“Why not change your end of year spending habits and
do your shopping online this year? You can do it from the comfort of your couch
at home, you won’t have to brave the crowds, and you can take your time when
choosing presents. It will also be easier to compare prices, however, remember
to be cautious when shopping online,” says Kali.
Parents often overspend on children, and it is easy to be
swept up in the excitement of the season. “If you’re buying presents for kids, why not
buy presents two or more kids can enjoy, instead of buying individual
presents. For example, board games will keep them busy indoors while promoting
interaction with adults, while sporting gear like a bat and ball set will
keep them busy outside. It’s good exercise and develops social skills such as
sharing,” says Kali.
Another good idea for a present is to give your child an
“experience” as a present. If you or someone you know has a cool toy, like a
hot air balloon or 4X4 vehicle, then take your kids out on an adventure.
“Presents always
add up, but there are ways to keep costs down for the adults,” says Kali. “Why
not try Secret Santa with family or a group of friends? All the adults taking
part put their names in a hat. Everyone draws a name and you buy a gift for
that person only. The group can decide on a monetary limit for the gifts to keep
everything fair.”
(Courtesy: http://www.wikihow.com/Do-a-Secret-Santa )
You could also create a “wish list” from which your loved
ones could buy from, either as individuals or a group. This way, you’re assured
of getting something you really want.
“Be financially smart when it comes to the festive season
presents. You’ll be putting money back in your pocket that you could save or
use for something else,” concludes Kali.
For more information please contact Vicky Muranda,
Manager: Corporate Communications at FNB Holdings on telephone: (+264 61) 299 2944.
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