Christmas is a festival of spreading happiness through decoration and exchanging gifts. When Christmas comes, the things which come to people’s minds are decorating their houses and buying gifts for relatives and friends. But the other thing that also comes to people’s minds is whether they can afford these expenses. Let us see what are the Key Signs Can’t Afford Christmas.
According to a survey, some people can afford the Christmas expenses as they are financially strong. But some people can’t afford these expenses for Christmas, and they feel stress and tension, and some can’t even think about spending money on Christmas because of their financial conditions. Maybe, they don’t have a budget, their income is very low as compared to expenses, or they are in debt.
Many reasons can make people anxious about Christmas expenses.
Some signs that you can’t afford Christmas:
If a person feels anxiety about spendings on Christmas, there must be many reasons behind this. Some key signs will show why a person can’t afford Christmas:
- People feel stressed about paying on Christmas
- No holiday budget
- Expenses are more than the income
- People are in debt
- Bigger gift list
- People are saving for a specific purpose
- You have a style of expensive gifts
- No stable income
- Zero savings in a bank
People feel stressed about paying on Christmas;
Christmas is all about spending money or exchanging gifts. When people hear about Christmas, the first thing that comes to their mind is whether they can bear the Christmas expenses or not. They have to think about their financial condition or budget.
If they are feeling stressed and anxious about Christmas expenses, they are financially not good. They can’t afford expenses. If they spend too much on Christmas, then they will remain anxious the whole time instead of enjoying it. They will be stressed out about the payment of extra bills on Christmas.
No Holiday Budget:
People may be anxious about spendings for Christmas because they didn’t make a plan or budget for spending money on Christmas. They are in stress because they do not know how much they can afford to spend on Christmas. The person without a budget is definitely under stress during Christmas.
But in this they are not late, they can still check their budget and figure out how much they can afford to spend on Christmas for buying gifts. They can also discuss with family members about their expectations for gifts. Make things clear with their family and friends about their budget for Christmas for buying gifts.
Expenses are more than Income:
How can a person bear the Christmas expenses if he can’t afford to pay his regular bills? It is almost impossible for him to spend extra on Christmas. They can cut some regular expenses to spend on Christmas like cable, phone service, or some grocery products.
They can discuss with their family and friends that they can’t afford to buy gifts as they are not good financially, but they will try as much as they can. They can also give their relatives small gifts or gifts without any cost.
People are in Debt:
Some people can’t afford Christmas because they are still paying the debts of last Christmas. It is surprising but a harsh reality. They are anxious and stressed because they are in debt because of last year, and now they can’t afford the burden of more debt.
They should make a plan to tackle their debts as soon as possible. If they are struggling to pay their debts, they can discuss with their debtors to make things easy. They can pay a large amount of money to pay a debt before planning on spending on Christmas.
Bigger Gift List:
If a person has a bigger list of gifts compared to his budget, then a problem arises. If he has a large gift list but does not have a budget for buying these gifts, then he should be stressed and anxious.
If he has to give gifts to many people, then he should cut some of his regular expenses to collect more cash like cable TV, groceries, or phone services.
No Stable Income:
Spending money on Christmas is not a bad thing but people should consider all facts and figures. If you have a stable job with a stable income then spend as much as you can, but if you don’t have a stable income then how can you bear those expenses?
People may have cash now to spend on Christmas but if they have a temporary job, what will be their step after this? They will face a shortage of money. They should be careful and avoid the extra expenses on Christmas because this may lead to problems.
In this article, I have mentioned the key signs that show why a person can’t afford Christmas. Christmas is a happy time for exchanging gifts but it is also stressful for people who are not financially stable, are in debt, have bigger gift lists, have no savings, or with zero balance in their banks. They should consider all these key signs before spending Christmas.