The holiday season is here, and with it comes increased spending pressure. With recent Worldline data showing Kiwis spent $2.65 billion in just the first three weeks of December, we're diving into how to navigate this expensive period without breaking the bank.

Key Questions Discussed:

• What's a reasonable budget for Christmas gifts?
• How can you plan for holiday expenses?
• What are smart alternatives to traditional gift-giving?
• How do you manage social expectations during the holidays?
• What free or low-cost summer activities can you enjoy?
• How do you track spending during the festive season?
• When should you start saving for the holidays?
• How do you say no to expensive holiday plans?

Key References:

• Worldline Consumer Spending Data 2023
• NZ Herald Holiday Retail Report
• RNZ Christmas Shopping Analysis

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Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz