The holiday season is here! While it’s a time for joy, delicious food, and festive gatherings, it’s also a season when budgets can spiral out of control if you aren’t careful!

No matter whether you are currently saving for a home, are a current homeowner with a mortgage to pay, or are simply trying to be spending savvy, being mindful of your holiday spending can save you from a New Year filled with financial regrets. Here are some practical tips to help you keep your Christmas spending under control, while still enjoying the festive season.

Set a Festive Budget You Can Stick To

Before you dive into the Christmas festivities, map out a clear budget for gifts, food, travel, and entertainment. Set realistic spending caps for each category and even look to utilise budgeting apps to help track your spending in each area. 

Focus on Experiences Over Expensive Gifts

The best holiday moments come from quality time, not pricey presents. Why not swap expensive gifts for a family picnic in Hagley Park, a hike in the Port Hills, or a backyard family BBQ? These activities are light on the wallet but heavy on creating meaningful memories.

Steer Clear of ‘Buy Now, Pay Later’ Temptations

The convenience and 'right-now' appeal of “buy now, pay later” services might seem like a great option during the holidays, but they can add to your financial burden, especially if you’re managing or planning for a mortgage. Treat your home loan as your ultimate financial priority, and think twice before adding unnecessary repayments (no matter how small) to your budget.

Build a Christmas Buffer

The festive season often brings unexpected costs— those last-minute Secret Santa gifts, extra treats at the supermarket, or spontaneous holiday outings. Setting aside a small buffer for these surprises can help you avoid reaching for your credit card. If you don’t end up needing the extra funds, you’ll have a head start on your New Year savings.

Get Creative with DIY Gifts

Homemade gifts add a personal touch without the hefty price tag. Think baked goods, festive crafts, or a personalised voucher offering babysitting or even a home-cooked meal. DIY options aren’t just budget-friendly—they’re also memorable and heartfelt.

Plan Ahead for New Year Financial Goals

As the year winds down, start considering your financial goals for 2025. If you’re a homeowner, think about setting mini-goals for mortgage repayments or home improvements. If you’re working toward buying your first home, consider the financial position you want to be in come January and then March next year. A solid plan will help you stay focused and motivated.

Merry Christmas from the Loan Market Agile Team!

We hope your holiday season is filled with joy and careful planning. If you’re thinking about your next financial steps, our Christchurch-based mortgage advisors are here to help. Get in touch with us to make your 2025 financial goals a reality.