Consolidated Credit launches 5th annual 100 days, 100 ways money-saving tips campaign
TORONTO, ON, September 16, 2016 – Santa Claus is enjoying the remnants of his summer vacation while Canadians adjust to the realization, there are only 100 days until Christmas, signaling now is the perfect time to start to focus on your holiday budget.
To help Canadians ring in a debt-free 2017, Consolidated Credit Counseling Services of Canada is launching its 5th annual Twitter campaign offering money saving tips for the last 100 days until Christmas. The campaign will help Canadians soften the financial blow during the most expensive shopping time of the year. The official 100 days, 100 ways campaign hash tag #100Days100Ways launches today.
“Every year Canadians spend hundreds to thousands of dollars during the holiday season. Many just accept the fact; they will overspend this time of year and deal with it later. It doesn’t have to be this way. A little frugality this time of year can go a long way,” says Jeffrey Schwartz, executive director, Consolidated Credit Counseling Services of Canada.
Although now would be a good time to put some money aside for holiday shopping, the majority of Canadian shoppers leave their holiday purchases to the very last minute. And last minute shopping is not cheap. When consumers head to the malls in a panic searching for gifts for that special someone as well as for family and friends, on average they spent $1,164 during the holidays last year. And consumers, who preferred shopping from the comfort of their smart device, broke online shopping records and charged on average $1,103 last year.
“I understand it can be difficult to think about budgeting for the holiday season when the grass is green outside and there is no hint of winter in the air. However if you start to budget now, you will be on top of your debt management and less stressed when your holidays bills come through the mail in January,” says Schwartz.
To prevent a debt disaster in the New Year, Consolidated Credit offers the following tips:
- Create your holiday budget today. Although budgeting is something Canadians should do all year, it is a good idea to create a separate holiday fund for gifts and the like this time of year. This will help to stretch your dollars further during the holidays.
- Shop early! Just because there is no snow on the ground doesn’t mean consumers should hold off on their holiday shopping. When you shop early, you not only avoid the massive crowds, you are able to buy items whenever you see them on sale.
- Set a spending limit. You are not a money tree so set a limit for your gifts. If you have a large family or you are participating in various Chris Cringle’s – agree on a spending limit and stick within it. And remember the holidays are not about who can buy the best gifts, it’s about spending time with family and friends.
- Get crafty. If you enjoy creating a variety of arts and crafts, get creative and make your own holiday gifts! Or if you enjoy baking – surprise your family and friends with some baked goods. After all, who can say no to sugar cookies?
- Just say no. Okay, it’s time to tighten your belt and give up on some of your favourite pleasures. Instead of buying a cup of coffee every morning; just say no to it. Instead make your coffee from home or brown bag your lunch. The options to pinch your nickels and dimes are endless.
Throughout the #100Days100Ways campaign, Consolidated Credit will be providing links to informative articles and budget tools to help Canadians have a successful holiday shopping season free of a major debt disaster. For consumers to stay up to date on Consolidated Credit’s holiday savings tips, they can follow Consolidated Credit on Twitter @ConsolidatedCA or #100Days100Ways.
About Consolidated Credit Counseling Services of Canada, Inc.:
Consolidated Credit Counseling Services of Canada is a national non-profit credit counselling organization that teaches consumers about personal finance.
For more information or to request an interview with Jeffrey Schwartz, please contact:
Natasha Carr, Community and Public Relations Manager, Consolidated Credit Counseling Services of Canada, Inc., T: 416-915-7283 ext.1041, C: 416-830-4720, F: 416-915-5200, E: [email protected]