New year holiday is used as an opportunity for everyone to take a vacation and gather with the people closest to us. But sometimes we forget or even not careful in managing the funds that we have spent for a vacation. Here are some tips you can do so that after the new year’s holiday yesterday so as not to broke and no more bills and new debt.
Make A List of Outcomes During The Holiday
The list of expenses that you have made can be compared to the expenditure budget that you have previously made. If you spend too much, you can use emergency funds or savings that have been done. If there is leftover, use it for productive needs and start investing or saving.
Pay Off Debts That Are Used For Holidays
If you use this method for a vacation, as much as possible first resolve these debts so that no larger expenditure you have to spend each month. Henceforth, start saving to get a vacation and no longer use debt.
Not by selling gold or other valuables. You can sell used or unused items that are still feasible rather than not being used at home. Never feel loss or fear in selling your personal assets, because after that you can experience new things that will make your quality of life improve.
Use Emergency Money
As per its use, emergency funds are used for urgent needs. An emergency fund that can be used is 10 percent of your total expenses during the holidays. Emergency funds are used for things that do not enter the holiday budget for example a small accident. But, if your emergency funds are still intact after the holidays, you can still have reserve funds to continue living for at least one month in the future.
Take The Advantages of Promos or Discounts To Save More Money
In this way, you can reduce expenses after the holidays. Look for as much information as possible in the shopping centers that support your living needs in order to be able to live at least a month ahead.
Adjust Vacation According To Your Budget
Henceforth, adjust your vacation plans with a budget that has been made. This method is actually the most merciful way so as not to go broke after the holidays. Do not spend more on a vacation than a predetermined budget that will actually make you feel frustrated after completion.