How To Manage Your Expenses This December

A long anticipation has been all over the air for the month of December,This is one of the special month in the year because it is full of celebrations and rewards in all business organizations,Offices,schools,high institutions And Civil Service works.You shouldn’t be overwhelmed with the expectations to be meet in this festive season.Their is a lot of “Wants” you will have to meet but don’t put yourself in a situation whereby you will be hooked in tight corner after spending your entire saving for the year  just a festive period when you know more expenses will show up as we approach new year.

Here Are The Tips To Manage Your Expense Without Going Bankrupt Or Regretting Your Actions;

1. Firstly outline all your "Wants" in a note,for example you will need to get clothes,shoes,jewelry and so on for yourself and family.Foodstuff, drinks and entertainment of the visitor is also part of the expense you consider along with your plan because festive period is all about celebration and having guest all the time.


2. After having all your expenses list out,don’t be too lazy to analysis each of them one by one.putting down the cost of each item,having this down you know what you are dealing with and how to probably know what you can afford.


3. Analyse your income and savings,These days people don’t like to be caught red handed with the burden of expenses so the best you can do is to know how much you have,how much you can afford to spend,and how much you have to hold back for emergency purpose.Having knowing this split your income/saving into 3 part; The first part for this festive period expenses,The New year income expenses,And some amount of money for emergencies that can possibly emerge.Here you will still need to put your knowledge of Economics in place,carefully choosing your scale of preference and forgo(Do without) somethings that can be easily replaced or that is less important in other to save you unnecessary spending.


4. Lastly,After all has been analysed and each expenses has been finalized,put your scale of preference first by allocating money for each expenses accordingly and don’t try to go beyond what you’ve planned or trying to look at other people way of spending because if you do so you might end up regretting your actions.Amount of income each individual generate differs so you don't compare worth to another person's worth.


wishing you all the best in this new month and in this festive season,don't forget to stay safe and be cautious of your actions and doings in this period. Emmaxfans Blog wish you A Merry chrismas and Happy new year in advance.