Reports suggest the average family spends $700 on xmas presents per year.
For an canadian earning $20/hr full time that means they will have to work an extra 7 days to be able to cover that expense- almost a third of a month!
If they don’t then that $700 on a credit card may actually cost over doubleor triple as most Canadians can’t make up the time, this was a snowball effect harder to get rid of than christmas pounds.
Angela Calla’s Tips to save this Christmas
1.Do a draw- so your buying for one instead of everyone and everyone in your family will get a gift with a 50-100 limit- saving 600 plus each family
2.Give a memory, a framed picture of a special time or experience,
3. Create an experience-make dates to spend time together, hiking, ice skating, better to spend time together than money on a material item that fades and looses its luster and helps work off some xmas pounds!
If all else fails put yourself on a plan to save approx 50 a month for your gift giving fun in a no fee high interest earning account to get your savings working for you.
Angela Calla, AMP
Dominion Lending Centres-Angela Calla
Host of ” The Mortgage Show” Saturdays @ 7pm on CKNW AM980 Phone : 604-802-3983 Fax: 604-939-8795
Email: acalla@dominionlending.ca
Angela Calla, AMP
Dominion Lending Centres-Angela Calla
Host of ” The Mortgage Show” Saturdays @ 7pm on CKNW AM980 Phone : 604-802-3983 Fax: 604-939-8795
Email: acalla@dominionlending.ca