How to celebrate without breaking the bank

The festive season can be a source of financial stress for many families.

- Sean van Zyl

According to the Competition Commission, food prices have increased by 50% since 2020, while wages and salaries now cover 13% less of basic expenses.

With additional costs such as gifts, travel and festive meals, the holiday spirit can easily be overshadowed by financial worries.

Even though inflation has eased slightly, food prices remain high, leaving families feeling the pinch.

For households already stretched thin, enjoying the holidays without overspending has become a major challenge.

Financial stress during the festive season can also affect relationships.

Worrying about how to pay for holiday expenses can cause tension and leave you feeling anxious rather than joyful.

To avoid this, families need to plan and make decisions that ensure they don't start the new year in debt.