Empower Yourself Financially: Overcome Festive Overspending
Have you overspent over the festive period and you’re feeling the pain now? In this post, we’ll provide an in-depth explanation on what to do if you have overspent over the festive period and are feeling the pinch now. Learn more about simple steps you can take here
Overspending can create stress and anxiety as credit card bills arrive or overdrafts pile up. But this doesn’t have to be your story! With understanding and action, you can change your financial future.
Step 1: Understand the “Why” Behind Your Spending
Take a moment to reflect on what led to overspending. Was it a desire to “keep up with the Joneses”? Social media often paints a picture of perfection—shiny cars, dream holidays—but what you don’t see are the bills behind it. Focus on what truly matters to you and your family, not external comparisons.
Or perhaps childhood memories of modest holidays drive you to make every Christmas magical for your family. Remember, magic isn’t in the presents—it’s in your presence. Time, connection, and shared laughter create lasting joy without financial strain.
Step 2: Take Stock and Make a Plan
Once you are in the headspace to move forward, grab a pen and paper or digital equivalent and sketch out a plan. Knowing the total that you have to deal with, what feels like the best way for you to chunk it down to manageable chunks for you to repay? How can you free up some cash to direct more towards reducing this amount as soon as possible? How can you generate cash to clear this debt? Trust your gut on what is doable for you right now. You can always change this as you go and tweak it so that it feels right for you.
An amazing tool I have seen used repeatedly is using a mindful colouring sheet to colour in each time you pay off a chunk. Keep this sheet somewhere you see daily and it will remind you of the progress you have made to date. This is hugely motivating to keep you on track and a reminder that your efforts are paying off slowly but surely.
Face the numbers. Know exactly what you owe and create a plan to tackle it. Can you sell unused items, take on extra work, or tighten your budget? Every small step adds up.
Step 3: Prepare for Next Year
Set yourself up for success by creating a festive savings plan. Determine what an ideal holiday looks like, set a budget, and save monthly. When December arrives, you’ll be ready—no debt, no stress.
Empowering yourself starts with small, consistent actions. Take the first step today and create the financial freedom you deserve! 💪✨
Trust that you will in time get on top of this. With your head firmly out of the sand and actively dealing with this, you will resolve it. You might be surprised to see that once you get momentum with this, it is cleared way quicker than you expect.
To Your Financial Wellness,
Caitriona
Financial Wellness Academy is an educational company dedicated to helping women master their money and achieve the financial wellness level they desire. Learn more about the Financial Wellness Academy at *https://financialwellnessacademy.co.uk/*
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