Need to save money this gift-giving season? You’re in luck!
Charity organisation The Warrior Woman Foundation has partnered with financial literacy social enterprise MoneyGirl to provide budgeting tips for the Christmas period.
Warrior Woman founder Jessica Brown said the festive season put families under pressure, especially given Australia’s cost-of-living crisis.
“Educating young people on financial literacy is crucial to understanding money management and making informed financial decisions into adulthood,” she said.
Set a budget before you shop: Decide how much you can comfortably spend on gifts, food, and celebrations, and stick to it.
Shop online to avoid temptation: Shopping online lets you avoid the distractions and temptations of in-store displays and impulse buys.
Check second-hand options first: Before buying new, look at second-hand sites like Depop, Facebook Marketplace, or visit your local op-shops for unique and affordable finds.
Gamify your shopping: Use cashback apps, price trackers, or browser extensions and make a game out of getting the best deals.
Track your expenses: Use a money-tracking app to stay on top of spending throughout the festive season.
Get creative with gifts: Consider DIY gifts, such as baking cookies, making personalised photo albums, or giving experiences like a picnic.
Cash-only challenge: Withdraw your gift budget in cash and commit to only spending that amount to stay mindful.
Communicate your budget: Be open with friends and family about your budgeting needs around food, gifts, and outings to set clear expectations and avoid financial stress.
The Warrior Woman Foundation helps young and vulnerable women through holistic, evidence-based support programs.
Partnering with MoneyGirl, Warrior Woman delivers a six-week financial literacy program to provide life skills that empower young women to feel financially confident.
