During holidays people make different plans, it could be to travel for some family engagement or reunion, visit friends, the cinemas or just stay indoors to entertain special guests. Whatever activity anyone chose, some amount of expenses is required, which is usually why people are in their top shopping spirit once the holidays approach.
Markets in Lagos are beginning to see more activities than they have since the year began. Recently the NBS showed in its report how online transactions have grown. Although it did not indicate how much was as a result of people shopping online, but clearly some people are starting to make plans and part of those plans will include what they intend to do about the holidays.
If you are just starting to think about it, the first thing you may want to do is create a budget. The budget you make should agree with your plan and wallet. It is the best way to avoid a holiday hangover. A recent study found that shoppers added almost $1,000 to their debt over the holidays. However, you can ensure you do not forget all the last-minute expenses that sneak up with a good budget.
Back up your budget with a list. Your list will be your shopping guide should you decide to go to the market. We strongly recommend you start your shopping as early as possible. December is almost here and the mad rush will soon begin. The list should include the names of people you propose to get gifts for, items the family will need during the period. Importantly do not forget to buy something for yourself. It is smart to build a few personal items into your budget.
Take your time to identify where the best deals are and when they go on sale. Do not limit your research to online stores alone; also ask for reference from friends who could have great ideas on where you can buy what you need at a reduced price.
Once you have your budget, your list and your research done with, commit to stay faithful to your shopping guide. There will be temptation from retailers and new products that will make you think you are missing out. Similarly, do not be pressured by other buyers who appear ready to buy you out. Such pressures often compel people to go beyond their budget and buy the item at a much higher price, even though there could be a store that may have the same product but at a much cheaper price.
Importantly do not pay for any item with your credit card. When shopping and you wish to stay within the budget, always pay with cash. If you do not have cash you cannot afford – walk away. Leave the card at home.
Consider alternatives when shopping. The item you may want could have a higher tag than you expected and wrote on your list. If you cannot afford that particular item, do not beat yourself up, just look for something else that is equally meaningful and will serve the purpose.
FRANK ELEANYA
