One of the simplest ways to notice if you are succumbing to the festive season pressure is to ask yourself if what you are about to spend your money on is something you really need or want. Esme Molefe, founder and managing director of Step Up Financial Coaching, said one of the key issues that cause the repeated behaviour of people wasting their year-end salaries, bonuses and 13th cheques is due to social values and peer pressure
One of the simplest ways to notice if you are succumbing to the festive season pressure is to ask yourself if what you are about to spend your money on is something you really need or want.The end of the year seems to present a lot of marketing campaigns to make you blow your money and start the new year in financial distress . Think Black Friday, endless festive concerts and shows and even holiday shopping for presents, clothes and Christmas braais.
While it’s tempting to splurge your hard-earned bonus, if you are lucky to have one, it’s important to think about the future and not fall into the Janu-worry trap. However, it’s also vital to probe into why people often repeat the same financially crippling habit every year to try to resolve the problem. Esme Molefe, founder and managing director of Step Up Financial Coaching, said one of the key issues that cause the repeated behaviour of people wasting their year-end salaries, bonuses and 13th cheques is due to social values and peer pressur
Festive Season Financial Distress Spending Money Bonuses Social Values Peer Pressure
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