Easter can be a tricky time! Many Aussie families are financially unprepared for Easter and before they know it, they’re hit with the cost of overpriced chocolates, gifts, food and drink for entertaining, weekends away and interstate family holidays.
In fact, a survey conducted* showed that one in 10 Australians still feel the effects of Christmas by the time Easter rolls around, and three in ten are planning to cut down on chocolate and entertainment to save money this Easter. Good thing is, they're are some handy tips by Nic Emery, ME Bank Head of Deposits and Transactional Banking on how to pull-in the pennies and enjoy the Easter break that aren't as hard as you'd think.
Set a budget: Whether you’re going away for a weekend or two weeks, setting a budget will help you from over-spending. Incidentals like coffee, petrol and last-minute hot cross buns can stack up quickly, so know your budget and stick to it.
Home bake Easter treats: Jump online and find recipes for cheap and easy hot cross buns and other goodies.
Keep it simple: If you do buy treats for family and friends, limit it to one treat per person.
Entertain at home: Hosting friends and family at your place instead of dining out is a fun way to celebrate without the hefty restaurant bill. Instead of stretching your budget to buy food and drinks for everyone, have a pot-luck dinner and encourage guests to bring a plate.
Post-Easter shopping: Keep an eye out for discounted items after the holiday period and stock up on bits and pieces for the following year.
Choose thrifty travel options: Get the whole family out in nature and go on a camping trip instead of an interstate/international holiday, especially with summer getting longer.
Plan child care ahead of time: If you can’t afford to take a whole week off work, look for holiday programs or friends who might help you share babysitting duties so you can balance work with fun.
Use credit cards wisely: It’s easy to indulge and overspend on holidays if you don’t have to pay back those expenses for another month. However, credit cards should be treated as a monthly cash flow tool rather than a source of long-term loans so keep a close check on your spending.
Get financially organised: Always make minimum monthly repayments on credit cards and pay the bills before the due day to avoid getting slugged with late payment fees.
It’s easy to get carried away when the Easter bunny comes to town but smart and careful planning will ensure that you have more than just chocolate eggs in your pocket when Easter Monday rolls by.
But where to put all that saved money? Well, in the cutest little money box ever, of course! Get your own on BHG Shop!