Discover budget-friendly, sustainable festive hacks for gifting, decorating, and entertaining in style.
Just as the Grinch stole Christmas, excess spending can rob us of all yuletide happiness. Seasonal credit card splurges can create ballooning long-term debt, while unnecessary consumption inevitably leads to a blowout in rubbish bin waste.
Australians are projected to spend approximately $11.8 billion on Christmas gifts in 2024, averaging between $660 – $707 per shopper*. However, an estimated $921 million worth of these gifts are expected to go unused, contributing to a 30% increase in landfill waste during the festive season. (Source Roy Morgan 2024)
So, if you want to max out the ho, ho, ho in Christmas this year, think of applying more whoa, whoa, whoa to your spending and consumption ideas. Here are six simple hacks Ebenezer Scrooge would be proud of:
1. Get Your Party Hats On, Plan and Budget for Events!
The end of the year is filled with various gatherings and celebrations. Anticipate expenses for events such as work parties, family gatherings, and New Year’s Eve. By planning ahead, you can allocate funds appropriately and avoid last-minute overspending.
2. Embrace the magic of Thoughtful, Experience-Based Gifts.
Instead of traditional presents, consider gifting experiences like concert tickets or restaurant vouchers. Offering services such as cooking a meal or providing babysitting can also be meaningful and cost-effective. This approach reduces physical waste and often holds more sentimental value.
3. Add a Touch of Love with Eco-Friendly Wrapping
Traditional wrapping paper contributes significantly to holiday waste. Explore eco-friendly alternatives like reusable fabric wraps, scarves, or decorative boxes that can be used year after year. This not only minimises waste but also adds a unique touch to your gifts.
4. Shop Wisely and Revel in Greener Christmas Cheer
Take advantage of sales throughout the festive season to purchase gifts and essentials at reduced prices. Additionally, consider shopping at local op shops, which offer unique items and support charitable causes. This practice promotes recycling and can lead to discovering distinctive gifts.
5. Collaborate Like Santa’s Helpers to Spread Joy with Magical Gift-Giving
Pooling resources with friends or family for group gifts can make a more significant impact without overextending individual budgets. This strategy is particularly effective for mutual friends or family members, allowing for more substantial and meaningful presents.
6. Usher in the New Year with Dazzling Financial Aspirations!
While the festive season is a time for celebration, it’s essential to keep long-term financial objectives in mind. Avoid the temptation to overspend by setting clear budgets and reminding yourself of your financial goals. This mindfulness can help guide spending decisions during the holidays.
By embracing these simple hacks, you can enjoy a festive season that’s both joyful and mindful of your financial and environmental well-being.
At Viridian, we wish you a joyful and financially stress-free Christmas. As you celebrate the season, remember we’re here to help with any financial planning or advice you may need to achieve your goals in the new year. Whether it’s creating a budget, saving for a dream, or investing in your future, we’re just a call away. Merry Christmas and best wishes for a prosperous and sustainable 2025!
