YES, Christmas is close and Alimosho is not smiling! There will definitely be a predictable increase in the price of commodities ranging from food items to fuel, and that's why we can't be smiling yet.
This year alone, we have experienced over 100% increase in the price of cooking gas, and the price is still not guaranteed to stay still for Christmas. Other essential commodities such as foodstuffs have increased in cost too. Knowing how Nigeria functions, we are bracing ourselves for an austere Christmas. For that alone, what then is left to laugh about?
How best does one prepare for the doubtful December then? The best way to prepare for and actually survive the Christmas season without sinking in a swamp of debt is to follow a strict budget plan (emphasis very deliberate).
The best time to do this is now. Make an honest evaluation of your income and the possible expenditure that fits that income. Don't be tempted to look at what others are spending. Decide for yourself what budget is fair for Christmas, one that you can afford and not regret in January!
After the budget is done, stick to your Christmas budget amount and make a list of all you will be shopping for. This is where foodstuffs, gifts, utility bills and other bills will be lined up. The shopping list helps you to have a realistic idea of cost and income dynamics. You will know what will really cost you more money and where you can economize. The shopping list may dictate your gift choices and give you frugal insights.
Debt is something you want to steer clear of. Honestly, try to use the cash at hand to manage the demands at hand. There's no shame in borrowing, but there will be a lot of shame when the new year arrives with a long list of debts overdue.
Finally, be proactive with your purchases. You cannot guarantee what prices will look like in the next two weeks, so you should be buying the non-perishable commodities needed for the end of the year right now! Buy what you need only, don't hoard what you won't need. January is a month where an economic reset is guaranteed, and you would have it easier if you are not knee-deep in debt because of a merry December.
