EDITOR: Christmas, the time for financial caution
Dec 21, 2010
THE festive season is a time when every parent longs to do all the nice things for their children who spend most of the year in school. As a parent, the children will expect you to provide the nice things that come with celebrating Christmas.
By Arthur Baguma Nsimomwe
THE festive season is a time when every parent longs to do all the nice things for their children who spend most of the year in school. As a parent, the children will expect you to provide the nice things that come with celebrating Christmas.
Some may wish you take the family on a trip abroad or on holiday to some nice resort. Others expect expensive gifts. While it is good to provide all the luxuries that come with the festive season, it should be done responsibly.
It should be your responsibility as a parent to provide if you can but it is also your obligation to spend within your means to avoid the financial pressures of back to school season at the beginning of the year. After the festive season, you will still have to pay school fees and meet the needs of your children.
The start of first term is always difficult for parents because some spend extravagantly during the festivities without planning for the beginning of year. It would be unwise for any parent to spend extravagantly and then struggle with school fees when the back to school period sets in.
A simple Christmas budget could be a better gift for your family to avoid financial stress. Explain to children why some of the things they wish to have cannot be possible to get at Christmas. A simple Christmas in the village or at home can still be memorable. Merry Christmas.
THE festive season is a time when every parent longs to do all the nice things for their children who spend most of the year in school. As a parent, the children will expect you to provide the nice things that come with celebrating Christmas.
Some may wish you take the family on a trip abroad or on holiday to some nice resort. Others expect expensive gifts. While it is good to provide all the luxuries that come with the festive season, it should be done responsibly.
It should be your responsibility as a parent to provide if you can but it is also your obligation to spend within your means to avoid the financial pressures of back to school season at the beginning of the year. After the festive season, you will still have to pay school fees and meet the needs of your children.
The start of first term is always difficult for parents because some spend extravagantly during the festivities without planning for the beginning of year. It would be unwise for any parent to spend extravagantly and then struggle with school fees when the back to school period sets in.
A simple Christmas budget could be a better gift for your family to avoid financial stress. Explain to children why some of the things they wish to have cannot be possible to get at Christmas. A simple Christmas in the village or at home can still be memorable. Merry Christmas.