No More Debt This Christmas – part 1

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WARNING: This article may change your life.

Christmas is around the corner. Are you worried about cost? For the last few decades, wholesome Christmas traditions have been overridden by Christmas merchandising and shopping sprees. If you are in debt already, or are simply battling to make ends meet in any normal month, your anticipation of the holiday season is likely not so great.

It need not be so. Your solution is to go back to what the holidays were all about.

Here are 10 enjoyable, uncomplicated, feel-good things for you to do, giving you and your family have the best Holiday season ever. Not only that, if you manage to take step 1 to the full extend, you’ll even reduce your debt and have a wonderfully relaxing time, nor worrying about money.

First, let’s prepare and do some smart money management. The objective is to you to not worry about your money problems for the next 8 weeks. You can do so in 4 responsible steps:

A. Determine how much money you’ll make from now till XMAS.
Deduct all upcoming ongoing bills from this amount. Don’t forget to keep a grocery shopping allowance. Write checks and pay all bills in advance, put them in envelops with a penciled due date on the outside. They are to be mailed when due.

B. Now, with the money that is remaining (income minus bills), write a check for either the entire amount (if needed), or a good chunk of the amount (as needed) to pay off some your highest interest credit cards debts. Outlandish? Well, not really. Calming. You will be so proud of yourself that for the first time in quite some time, you are actually making a drastic step towards reaching your goal of financial freedom.

C. Next, give your credit cards in an envelop to a trusted friend to safeguard them for you till January.
Choose a grounded friend for this purpose, who’s good with money. Explain them what you are doing: creating no more debt this Christmas. Promise yourself to not spend a dime more than you actually have available to spend this holiday season.

D. So now with your money properly managed and cards safeguarded, you can start your first freely created, stress free, fun-packed holiday season.

Wait a minute, you say, without my credit cards and with my spare cash spent on my debt, how can I now go shopping and buy presents and other preparations for the holidays? How is this going to work?

The solution is simple. The true spirit of Christmas is about giving love. So, this year, I suggest you give love this Christmas, instead of a 500-dollar-toy. Here are 10 really great suggestions on how to go about doing this.

1. Give all people, for whom you usually buy a present, a list this year.

A special list, a list of ‘10 reasons why … this person, eg. Aunty Joe … is so loveable’. This project is bound to fill your heart with love and joy and will be so much cherished by the recipient. This gift alone can change your entire holiday season around to be the most loving ever. When giving love, you become love. When you become love, you will attract love, and appreciation. Ultimately this is what we want, isn’t it?!

2. Go to the library and take out a couple of craft books.

You can have fun a many an afternoon with your kids making holiday decorating craft projects and creating home-made gifts for friends and family. Only choose environmentally friendly projects that allow you to reuse/recycle materials you already have, and that need tools that you already own. It is amazing what you can find in your home that you no longer need that can be transformed into a wonderful gift for someone.

It’s the craft value that makes the gifts special. Make your own holiday wreaths and other home decorations with branches from your and/or your friends’ garden. It’s fun and free. Add some ribbons from birthday gift wrapping and some XMAS tree decorations you already have.

Click here for part 2 of this article.

About the Author

Vera Lang is a writer for Debt Help – a site committed to helping you become debt-free. We hope this article has given you a head-start in the right direction. In the New Year, check out the web site for help with your financial New Year’s resolutions.

Enjoy this article? Read Vera’s other informative stories about home and family life at
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December 15 2007 12:22 am | Credit Card and Debt Solutions and Financial Stress and Holidays and Household Budget and No More Debt and Regular Payment

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