Since Christmas is over, I feel a bit sad there isn’t the usual Christmas music on the radio station playing 24/7 (I know, I am weird right?) and feel a sense of impending gloom and doom when my credit card comes in the mail in January. Although I have no issues paying it, it does sting a little and I will avoid paying it until I receive my credit card statement.
Here are some ways to survive the post-holiday financial slump/ money depression after the holidays are over.
Avoid it in the First Place
Obviously, one of the easiest ways to prevent this post-holiday blues is to avoid it in the first place. Easier said that done, I know, but if you pay with debit card instead of credit, allot yourself a fixed budget regularly for holiday season spending, avoid going over your budget, using gift exchanges or creating home-made gifts instead of paying for gifts, you should be able to go into the next year relatively unscathed.
Additionally, if you avoid Boxing Day or After- Christmas sales, the better you will feel because you have avoided temptation i the fist place. Personally I am not very good at resisting temptation.
Take Baby Steps
If you do find yourself in the post-holiday financial slump, take baby steps to get out of your situation or predicament. Make a list of simple, easy to complete tasks to get you out of the slump. For example, save $10 a week to put towards your debt repayment (or whichever goal it may be). The more you complete your goals, the better you will feel and it will create a positive reinforcement loop.
Take Time Out For Yourself to Plan
Of course, living your goals with intention requires, well… intention! Without taking the time out to plan your personal finance goals you will continually feel like a hamster running on a wheel without any fuel. In order to get kick started for January and to feel the resolution and goal setting vibe, you will need to take the time to make these aforementioned resolutions. Some personal finance goals include setting a budget for yourself so that you do not overspend, looking at the psychology behind why you have certain patterns and behaviours we adopt from our own adult parents.
Related: Saving Money by Shopping Online?
Be a High Achiever in Other Areas
Finally, if you are still feeling down and out about your purchases that you made over Christmas or on the after-Christmas sales, be a high achiever in other areas. Just like it relates to achieving goals, when you are a high achiever in another area, you will feel better about yourself and will reinforce positive reinforcement and better outcomes because of your positive thinking. For example, if things are not going so well with your personal finance goals or personal finance situation, get some exercise and work on that. Be a high achiever in exercise and usually the rest will come. The discipline and the positive thinking will help you get to where you need to be in terms of your financial status. It just takes a little time and patience and the goals will follow.
So hopefully if you follow the aforementioned tips, then you will be better equipped to avoid the post-Holiday slump. Instead get started on your 2015 news years resolutions and feel better about yourself because if you can do it (e.g. morning glory, year in review etc.
Readers, how do you survive the post-holiday blues when it comes to looking at your credit card bill and being full of regret? Did you spend more than you would have liked on Christmas presents and grocery shopping?