Welcome again to the Public Awareness column provided by the Reserve Bank of Fiji (RBF). This month’s article provides some tips on how we can all save some money and spend wisely this Christmas season.
We are fast approaching that time of the year again, where many people fall into the “overspending” trap. Yes, Christmas is just around the corner and the debt trap is also waiting. Many people overspend on presents, parties and food and find themselves in a difficult financial position in the New Year.
Christmas may be a time for giving and receiving, but not to excess. The financial downturn is affecting everyone this year, so now is the perfect time to start some sensible planning during this festive season.
The article below will give you some tips on how to overcome the debt trap and create a path towards financial stability starting today.