So, here we are already well into the second week of January and for many of us payday seems SO LONG away. I am personally feeling it too as being self-employed there was no holiday pay for me and while I loved the 2 weeks off with my family while all my clients were also off on their Christmas break it has certainly made an impact on my finances – the bills don’t stop and the kids still need to eat, thankfully they didn’t need to go out for entertainment with the Christmas presents to play with.
Now I am madly chasing overdue invoices and feeling the pinch – I do love working for myself but it is at times like these I really do feel it the most.
I’m not alone however, a recent survey conducted by Ferratum UK says that Millennials seem to be sticking their heads in the sand when it comes to overspending during the festive period, with over 1000 18-34 year olds interviewed some of the results and findings may come as a surprise, you can find out a little more here too:
- 42% of millennials have hidden debt from their family and friends or even their partner
- 35% were worried that their partner, friends or even family members would find out about their debts
- 37% would borrow money to avoid missing out on an event they really wanted to go to
- 27% are planning to borrow money to pay for Christmas, with a massive 48% already having borrowed money to pay for a previous Christmas
- Then there are 1 in 4 would say they would cancel Christmas this year to clear off all outstanding debts
It’s rather worrying really just how much debt people will get themselves into over the festive period and start a new year desperately trying to pay off that debt and stay afloat.
Did you know that 15th January is apparently the most depressing day of the year?
With new years resolutions possibly thrown away already by that point and payday still too far out of reach, the weather rather dull with dark mornings and still very early dark evenings its not really surprising at all is it?
But it doesn’t all have to be gloomy.
Here are a few cheap suggestions to help you still have fun while not spending a penny more than is really necessary.
- Have a movie night instead of going to the cinema and make it a family event.
Close the curtains, make a cosy area with cushions, beanbags or even mattresses, camp beds and sleeping bags.
Grab your favourite drink (cups with lids maybe advisable to avoid spills), throw a section of nibbles in the middle, turn out the lights and put away your phones and tables.We do this EVERY Friday night as a family tradition, the kids have movie night beds (ready beds or we use their old toddler bed mattresses) and they bring down their pillows and duvets and sleep downstairs that night.
They love it – it’s also great for us parents too as we can unwind with a bottle of wine and enjoy a family film together.
- Make a Fakeaway Takeaway.
Instead of spending £40 on a family takeaway Chinese why not make your own for less than 1/3 of the price.Our favourite homemade Chinese takeaway is Beef in Oyster sauce with egg fried rice and a bowl of prawn crackers in the middle to share – it costs only around £5 to make for the 4 of us and is very filling.
Other fakeaways you could make are homemade pizzas or even homemade Doner Kebabs – here is my recipe for Fakeaway Doner Kebabs in the slow cooker. The choice is yours and its far cheaper than ordering in.
- Have a family games night
Put down the remote control for an evening and turn off your phones and grab your favourite games.Monopoly is one of our family favourites but if that is likely to end in tantrums there are loads of others to choose from. Yatzee, card games or even a family tournament on the computer – bowling on the Wii, Mario Cart – there are lots of games you can all play.
- Go on a treasure hunt
Or a bear hunt or just head outdoors.Blow off some energy outdoors, in the park, in the woods, on your bikes or scooters – free fun is often the best and you’ll all be tired when you get home!
- Declutter and sell
If you’ve no room for the new Christmas presents then why not have a clear out of the old toys and games which are no longer played with and sell them. You can make good money selling off these items on sites such as Guntree, eBay or even FB selling pages.
- Make money via surveys and being online
This is something I have been doing for a year and a half now using a site called Swagbucks.
Swagbucks is a rewards site where you earn points (called SB) for things you are probably doing already online such as searching the web, watching videos, discovering deals, online shopping (cashback) and taking surveys. Once you’ve earned your SB you can redeem them for gift cards for places such as Amazon, Starbucks, Argos or ever for PayPal cash.All through January if you sign up via my referral link (here) you can earn a bonus of 300SB – here’s how:
2. Earn 300 SB total before 1/2/18. You’ll get a 300 SB bonus for it!
Are you feeling the pinch after Christmas? Do you have any money saving tips to share?
Please do remember you aren’t alone and if you are finding your debt unmanageable please do visit your local citizens advice for free advise and help.