Holidays are meant to be enjoyed, having fun, spending quality time with family and creating lovely memories. But as much as people say money can't buy happiness, the fact remains that money can help to create a beautiful memory. Want a vacation for a few weeks, it costs money or you need a new car, all of these has to do with finance.
Finance during the holidays or even any festive period can be such a tricky subject particularly if you're on a budget and don't want any unexpected surprises to spring up. A lot of people overcompensate and spend more than they're able or willing to and then face the repercussions later.
Where I'm from it's an inside joke that January is the longest month of the year, not because it has thirty one days but because a lot of people have spent a large percentage of their savings enjoying December Bliss and have to deal with a tough time in January before they get another salary.
Say for instance, you're taking a vacation in a foreign country with your family which already has drained a portion of your financial capacity, and then a family member is involved in a life threatening accident, how do you deal with this?.
The fact is that a lot of times we make the best of plans only to have something unexpected come up. The holidays are meant to be enjoyed but before you make certain decisions involving money, think it through to avoid a financial crash later on.
Yes, I agree with you. January has lots of expenses to meet up with after spending so much in the festive period. Everyone should be wise.