Christmas and Finance

23/12/2024

December arrives and inevitably the Christmas spirit invades us.

Working meals, family reunions, gifts and trips make us happy, but they also impact our finances.

In order to celebrate with peace of mind, we leave you some tips:

Plan your budget, decide how much money you want to spend. Make a list of expected expenses in order of priority. If the money doesn't get to you, cut it. The important thing is to stick to the budget and stick to it.

Buy in advance, it is usually cheaper, you can compare prices and look for offers. Remember that the best gift is not always the most expensive but, surely, the most personal.

Meals and parties. We already know what happens at this time, the prices of food and restaurants skyrocket. You do not need luxury to enjoy Christmas, a simple menu at home will save us money.

If you pay by card, try to do it by debit and if you use credit, make sure you can pay it at the end of the month without interest.

Finally, don't use Christmas to neglect your monthly savings goal, maintaining financial habits is important.

With a little effort and planning, we can enjoy the holidays without leaving our salary. And remember that in all Christmas movies, the important thing is not what your credit card gives you but those around you.

“Disclaimer: Please note that this is a translation of the original in Spanish that has been obtained using eTranslation (the machine translation tool provided by the European Commission), with the intention of giving you a basic idea of the content in English until a human translation becomes available. The Banco de España accepts no liability whatsoever in connection with this translation.”