Ciri's Life Coach

If ever is a time when the wallet strings are loosened, it is during the festive season. While there is unavoidable more spending because of activities such as travel, get-together and parties, and gift-giving, it should not be a license to over-spending. Spend in haste and repay at leisure, as the old adage goes, really applies during the festive season. Many financial disasters begin with overspending in the last month of the year, carry over into the heavy obligations of the first month and culminate in debt, either in the form of credit card debt or loans with interest.

It is the season to be jolly and supermarkets, shops and other outlets are posting reminders of this glittering by way of Christmas tress, twinkling, singing Christmas lights and loads of special offers, bargains and prizes with purchases. It is hard not to get swept up in the holiday season fever and spend , spend and spend some more. While the festive season does by necessity come with extra expenses, and it is all good to have fun and take a break with friends and family, do so with a plan. Otherwise, it could mean starting the year with financial hangovers rather than solid ground that will enable you move forward towards financial stability. Staying stuck on the same spot and trying to recover from the last year's mistakes should be avoided at all cost.