	{"id":97222,"date":"2024-12-26T04:00:00","date_gmt":"2024-12-25T17:00:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/?p=97222"},"modified":"2024-12-26T15:10:10","modified_gmt":"2024-12-26T04:10:10","slug":"sleigh-your-spending-this-christmas-budget-tips-for-homeowners-and-savvy-savers","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/sleigh-your-spending-this-christmas-budget-tips-for-homeowners-and-savvy-savers\/","title":{"rendered":"Sleigh your spending this Christmas: budget tips for homeowners and savvy savers"},"content":{"rendered":"<p><strong>WITH LEIGH DELEDIO AND DANIEL WALSH FROM UFINANCIAL<\/strong><\/p>\n<p>Sleigh your spending this Christmas: budget tips for homeowners and savvy savers<\/p>\n<p>The festive season is upon us\u2014a time to celebrate Christmas, holidays, and, for many Australians, a flurry of spending. From gifts under the tree to delicious feasts, the holiday spirit often comes with a hefty price tag. For homeowners or those working towards buying a home, balancing the financial festivities with long-term goals like home loans can be challenging. Here&#8217;s a closer look at Australian spending habits during Christmas and how you can celebrate without breaking the bank.<\/p>\n<p>Australian Christmas spending stats<\/p>\n<p>\u2022\u00a0\u00a0\u00a0\u00a0\u00a0Gift Giving: In 2023, Australians spent an average of $374 on gifts, with the total national expenditure exceeding $20 billion during the festive season<\/p>\n<p>\u2022\u00a0\u00a0\u00a0\u00a0\u00a0Festive Feasts: Australians allocate nearly $122 on average for Christmas Day meals and drinks, emphasising our love for celebratory feasting<\/p>\n<p>\u2022\u00a0\u00a0\u00a0\u00a0\u00a0Impulse Buys: A recent survey revealed 40 per cent of Aussies admit to overspending during the holidays, leading to lingering financial stress in the New Year, and<\/p>\n<p>\u2022\u00a0\u00a0\u00a0\u00a0\u00a0Credit Card Debt: Many households rely on credit cards during December, with average balances surging by five per cent in the month, creating financial strain in January.<\/p>\n<p><strong>Juggling Christmas cheer and home loan responsibilities<\/strong><\/p>\n<p>If you&#8217;re a homeowner or saving for a deposit, it&#8217;s crucial to keep long-term financial goals in sight while enjoying the festive season. Here are some tips to keep spending in check:<\/p>\n<p>1.\u00a0\u00a0\u00a0\u00a0\u00a0Set a holiday budget: Allocate specific amounts for gifts, food, travel, and decorations. Sticking to a budget ensures you don\u2019t overcommit financially<\/p>\n<p>2.\u00a0\u00a0\u00a0\u00a0\u00a0Shop smart: Take advantage of sales, use loyalty rewards, or shop second-hand for unique, budget-friendly gifts<\/p>\n<p>3.\u00a0\u00a0\u00a0\u00a0\u00a0Prioritise mortgage payments: If you have a home loan, ensure your mortgage repayments remain a priority\u2014even during the holiday rush. Falling behind can have long-term repercussions, and<\/p>\n<p>4.\u00a0\u00a0\u00a0\u00a0\u00a0Plan for next year: Consider creating a Christmas fund for 2025, setting aside a small amount each month to alleviate financial stress next December.<\/p>\n<p><strong>Helpful tools for staying on track<\/strong><\/p>\n<p>To make your budgeting and planning easier, UFinancial offers a range of tools to support your financial journey:<\/p>\n<p>\u2022\u00a0\u00a0\u00a0\u00a0\u00a0Budget Calculator: Plan your festive spending while keeping your home loan and savings goals in check.<\/p>\n<p>\u2022\u00a0\u00a0\u00a0\u00a0\u00a0Loan Repayment Calculator: Ensure your holiday expenses don\u2019t interfere with your mortgage repayments by forecasting your payment schedule.<\/p>\n<p>\u2022\u00a0\u00a0\u00a0\u00a0\u00a0Extra Repayments Calculator: See how extra holiday income or savings could shorten your loan term and reduce interest.<\/p>\n<p>If you\u2019d like more advice on managing your finances or discussing how to make your mortgage work harder for you, reach out today. Together, we can sleigh your financial goals.<\/p>\n<p>For more information, head to <a href=\"http:\/\/ufinancial.com.au\" target=\"_blank\" rel=\"noopener\"><strong>ufinancial.com.au<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WITH LEIGH DELEDIO AND DANIEL WALSH FROM UFINANCIAL Sleigh your spending this Christmas: budget tips for homeowners and savvy savers The festive season is upon us\u2014a time to celebrate Christmas, holidays, and, for many Australians, a flurry of spending. From gifts under the tree to delicious feasts, the holiday spirit often comes with a hefty [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/sleigh-your-spending-this-christmas-budget-tips-for-homeowners-and-savvy-savers\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":149,"featured_media":97414,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"post_folder":[],"class_list":["post-97222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sleigh your spending this Christmas: budget tips for homeowners and savvy savers - Bellarine Times<\/title>\n<meta name=\"description\" content=\"Sleigh your Christmas spending! 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