Christmas | Budget or Spending Plan?

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Transcript of Christmas | Budget or Spending Plan?

  • Copyright 2009 House International Pty Ltd Worldwide Rights ReservedPlease be aware this does not constitute financial advice. This information is purely informative and does not represent an investment or tax recommendation of any kind. Please consult your financial or tax advisor before making any investment decisions.

    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedPlease be aware this does not constitute financial advice. This information is purely informative and does not represent an investment or tax recommendation of any kind. Please consult your financial or tax advisor before making any investment decisions.Mish (M) - ADD QUOTES

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  • Copyright 2009 House International Pty Ltd Worldwide Rights Reserved

    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedIntroWhy I started Secret BudgetWhy Ill be doing these for free each year contribution to communityWho has already started planningGET A SENSE OF WHO IS IN THE AUDIENCES, WHAT KIND OF JOBS, STAY AT HOME MUMS ETC...*

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    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedHow *

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    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedLets have a quick psychology lesson...

    What is stress?What things make you stressed?

    DISCUSS*

  • Copyright 2009 House International Pty Ltd Worldwide Rights Reserved

    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedDiscuss*

  • Copyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights Reserved

    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedSo then whats the definiation of demand*

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    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedNow, come on Tell me how many of you here have this in your life

    DISCUSS*

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    Copyright 2009 House International Pty Ltd Worldwide Rights Reserved

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  • Copyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights Reserved

    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedSo... What are those 4 points*

  • Copyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights Reserved

    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedIf you haven't already been putting some money aside for Christmas, START TODAY! Every little bit helps so start rummaging around for those gold coins and sacrificing coffees and lunches for the next few weeks. One family is saving $20 on fuel by organising errands and carpooling between now and Christmas and also they have given up take aways until Christmas which is $60 per week. So between now and Christmas they can put aside $320! Have a look at where you can cut back over the next few weeks so that the couple of weeks before Christmas aren't such a financial strain. Any ideas?

    The aim is to NOT use your credit card! Your New Year will start of more pleasantly if you are not worried about how much money you owe!

    So, thinking about Christmas and the kinds of expenses lets here some... (Out to audience)

    Keep in mind that you will need extra money at this time of the year and don't forget to include the following... PresentsFood for guest drop insFood for Christmas Lunch or DinnerAlcoholTaxi fares (coming back from those parties!)Maybe even party outfits...

    Start writing a list of all the EXTRA expenses you can forsee between now and next week - Create your Christmas Budget.

    You can have a look for some extra tips on the website*

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    Copyright 2009 House International Pty Ltd Worldwide Rights Reservedis about talking with your family and friends about financial expectations around Christmas. Based on my own experiences, it's pretty important to start talking to family and friends about expectations for Christmas presents and Christmas lunch. It doesn't matter what size the family is, it's important to set your boundaries regarding your budget. You would be surprised how many people within in the family a grateful that you bought up the topic! Money seems to be such a difficult thing to talk about... Just breifly, a budget is a limit. This is the amount of money that you have available for something. It's great when you can come "under budget"! Setting Gift BudgetsHave a talk with your family and friends about gift limits. You can sent spending limits per person, have a Secret Santa or just buy pressies for the kids and not the adults. By the way, setting a spending limit does not mean you have to spend that amount - it's the limit. If the limit is $30 and you can make a gift instead, you're ahead! Setting Food/Alcohol Budgets Discuss a budget, perhaps an amount per head for adults and an amount for kids, then set about creating your menu. Some families may have a budget that allows them to have seafood and ham, others may have a more limited budget. *

  • Copyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights Reserved

    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedStep 2 is about talking with your family and friends about financial expectations around Christmas. Based on my own experiences, it's pretty important to start talking to family and friends about expectations for Christmas presents and Christmas lunch. It doesn't matter what size the family is, it's important to set your boundaries regarding your budget. You would be surprised how many people within in the family a grateful that you bought up the topic! Money seems to be such a difficult thing to talk about... Just breifly, a budget is a limit. This is the amount of money that you have available for something. It's great when you can come "under budget"! Share the workload

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  • Copyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights Reserved

    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedSo the final step for Planning and Preparation is to review. Take a look at the following points and apply them to how you have gone with Christmas this year... * Did you come in or under your budget for present buying and Christmas food? If you went over, what do you think you could do better next year? Perhaps use cash instead of credit cards? Perhaps have a plan earlier? * Did you enjoy the festivities or did all rush by in a flash? Maybe next year you could book in some time to enjoy the season. My first and foremost tip for everything in life is to have a plan! Start the year off with Christmas 2009 in mind to make it easier and more affordable than ever! Here are the top 3 recommendations for planning for Christmas 2009... 1. Create a Christmas Budget. Based on your spending this year, create your budget for the next year. Make sure you include food, gifts, decorations, special outfits, dinners etc... 2. Start a Christmas Savings Account. Most banks offer a Christmas Savings Account that offers special interest rates. You could also open an online only account. Personally, I prefer these. It takes longer to organise transfer of funds therefore forcing me to stop and think about my spending. 3. Purchase Items in the Post Christmas Sales. I've been doing thise for about 6 years now and this last year did not have to purchase any gifts because my "present box" was full! So I now have my Christmas Savings money available to use for the sales on Boxing Day and in the half year clearance for Christmas 2009 and 2010! The reductions are so great that you can end up going a little crazy. Make sure you still use the other tips and take a list with you. Don't buy it just because it's 40% off, but it because it's on the list. Don't forget to also top up on Christmas paper, cards and decorations! *

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    Copyright 2009 House International Pty Ltd Worldwide Rights ReservedSo... What are those 4 points*

  • Copyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights ReservedCopyright 2009 House International Pty Ltd Worldwide Rights Reserved