Money seems to disappear at an alarming pace when shopping right before Christmas. Janis Dambergs, head of DNB Bank’s everyday services category confirms that volumes of card transactions always tend to increase considerably in December. In January, on the other hand, they tend to decrease just as sharply.
«December is traditionally considered one of the most active shopping periods. Often people spend more money than previously planned. This emphasizes the need for timely and strategically planned purchases to avoid impacting one’s financial state after the festive period. Everyone wants to enjoy the festivities. This is why we urge people to spend money, but only reasonably,» – says Dambergs.
Here are some pieces of advice for making the shopping process a simpler, more controlled and more pleasant experience.
1.The magic of making lists. This piece of advice is valuable. It is useful for buying presents and everyday goods. How many times have you found yourself buying products you don’t really need? Although this does not apply to all cases, spontaneous purchases often result in disappointment. This is why it is worth compiling a list before going shopping.
2.Borrow wisely. Many people often come to an unpleasant realization that their monthly salary is not enough to cover their festive expenses. In this case, people should critically re-consider their list of necessary items – perhaps it would be wise to refuse something or find an alternative. If turning down certain things is not an option, it may be possible to use credit line offered with your own payment card.
3.Internet as a fine store. It is often possible to buy goods normally found in supermarkets at lower prices online. And although going from store to store is a tradition on its own, don’t be afraid to break this tradition. What’s more – internet stores can help save time and money.
4.Internet as inspiration. A good chunk of time since people have begun fancying home-made presents. The internet offers many great ideas for every family member and friend. You can procure the necessary materials online at lower prices.
5.Reward yourself and your family with a beautiful adventure. Be sure to air your head after intensive shopping.
6.Be prepared! Often people receive unexpected gifts from neighbours and colleagues. In response people buy something more expensive but not always all too valuable. But if you prepare a symbolic and practical present in advance, no one will catch you off-guard.
7.Timely purchase of gifts. This kind of approach is nothing new, of course. Timely planned purchases will never lose their value, especially in the festive rush. If you put off buying gifts to the last moment, psychological pressure to find the right gift may force you to spend more money than you previously planned.
8.It’s good to be together. It is important not to lose yourself in the rush when shopping. Being with someone you love is the best gift. Even a simple wooden figurine can mean more to the recipient than an expensive leather handbag.