1. Plan your end-of-year budget

Before you go out and buy everything in sight, the first step to avoiding surprises in your budget is to plan for the end of the year. Make a list of all the expenses you expect to have between now and the end of the year, including:

Christmas presents: work out how much you can afford to spend on presents and try to be realistic.
Meals and parties: Calculate the costs of meals and events that you will be attending or organising.
Travel: If you intend to travel, consider expenses such as transport, accommodation and meals.
Work parties: Many companies hold end-of-year parties, and participation can involve costs for clothes, transport or even gifts for colleagues.
By planning ahead, you can spread your expenses over the months and avoid the accumulation of last-minute purchases.

2. Set priorities

The end of the year can be a time of temptation, but to avoid blowing your budget, it's important to know where to prioritise your spending. For example, what really matters to you: a holiday trip, a more expensive gift or that special family meal? Deciding on your priorities will help you cut costs in other less essential areas and focus on what will really make a difference to your end of year.

3. Take advantage of promotions and discounts

End-of-year promotions are an irresistible invitation for many consumers, but they can be a danger for those who lack control. That's why, when shopping, try to organise yourself to take advantage of discounts without falling into the temptation of buying something that wasn't in your plans.

Search for the best deals and, if possible, buy in advance. Many shops offer discounts to those who make purchases before Christmas or on Black Fridays. 

4. Organise your payments to avoid fines

The end of the year is also a time when bills come due. Some expenses, such as taxes, tuition fees and even instalments for purchases made during the year, may fall due towards the end of the year. To avoid fines and interest, a good practice is to schedule your payments in advance.

5. Avoid impulsive spending

The end-of-year festivities can encourage impulsive spending behaviour, especially with the intention of pleasing friends and family. We often spend more than planned on gifts or social activities. So set limits on your spending and remember that what really matters is the moment, not the value of the gift.

6. Review your spending during the month

Instead of waiting until the end of the month to see how much you've spent, keep track of your spending on a daily or weekly basis. If you realise you're approaching your budget limit earlier than expected, adjust your purchases and avoid accumulating new debts. A frequent review prevents you from getting lost in the midst of so many end-of-year expenses.

7. Leave a Reservoir for Emergencies

The unexpected always happens, and the end of the year is no different. You may need extra money for a last-minute trip, a Secret Santa gift or even to cover an unforeseen event. So try to set aside some money in your budget for emergencies.

New Year with financial peace of mind

With good planning and organisation, you can enjoy the celebrations without any surprises in your pocket. By following the tips we've shared, you'll be able to better manage your spending and maintain financial control during this period.

How about putting these tips into practice? Start organising your end-of-year budget and enjoy the festivities with what really matters: moments of joy and celebration with friends and family, without the financial burden at the start of 2025.