Chocolate coins and Christmas shopping

henrietta oxlade

henrietta oxladeNot that it’s any consolation, but if you’re worried about money, you are not alone.

YouGov conducted a survey on behalf of the IFP and National Savings and Investments, and the results were eye watering.

Apparently two thirds of women and more than half of men worry about money always or most of the time.  There was I thinking Downton Abbey and Strictly were upper most in people’s minds…

A mere 19% believe that they are saving enough money for a secure future.

Tis the Season for spending

Unfortunately, Christmas and saving money do not make happy bed fellows. However, what you can do is a bit of damage limitation, to ensure that you can start January 2012 off in a positive frame of mind.

A bit like that extra helping of roast potatoes being a “moment on the lips and a lifetime on the hips” – Christmas is only one day of the year, but if you’re not careful you can spend the next 364 days of the year paying for it!!

Food and money

The more I think about it, the more analogies I can make between food and money.

  • Dieting and saving money always starts tomorrow
  • Eating and shopping both seem like a good idea when you need cheering up
  • Once you start, it’s difficult to stop!
  • Eating all the bags of chocolate money in one go is not dissimilar to impulse extravagance on the credit card which you will definitely regret tomorrow
  • Do not shop for groceries when you are hungry, and do not stray from the list.  Similarly do not leave your Christmas shopping too late, and never leave the list!
  • Kate Moss famously and controversially said “nothing tastes as good as skinny feels”.  That may not be true, but it’s certain that nothing will empower you more than spending under budget for Christmas!!

Henrietta Oxlade is an Independent Financial Planner with Radcliffe & Newlands and MyFamilyClub’s in-house finance sage! She has been advising individual clients since March 1988, which is why many of her clients consider her part of the family. If you want to get in touch with Henrietta, email us on [email protected] and we’ll put you in touch.