Finance boss: Keep things simple to lower stress this Christmas

Margaret Bearsley, chief executive of Anglican Financial Care, said that Christmas is one of the most joyous times of the year. For many households, though, it can also bring financial pressure.

“Research shows that a growing number of New Zealanders rely on credit cards or ‘Buy Now Pay Later’ services to cover Christmas costs, leading to increased strain in the new year,” Ms Bearsley said.

“This Christmas, let’s rediscover the joy of time spent together, and the peace of simplicity. By focusing on faith, family and gratitude, we can celebrate in ways that honour Christ and protect our financial well-being.

“When we keep Christ at the centre of Christmas, we remember that the season is not about possessions, but about celebrating the hope that came into the world through Christ, and sharing that hope with family and friends.”

Ms Bearsley suggested “some simple, meaningful ways to celebrate wisely this year”.

For example, host a potluck family dinner by agreeing with the family in advance that everyone brings a dish. Maybe a theme like “family favourites” or “Christmas around the world” could be set.

People could create handmade or meaningful gifts. A gift made with time and care, like a framed photo, a recipe book of family favourites or a jar of homemade jam, often means far more than something store-bought.

Recycled or creative wrapping could be used. Instead of expensive wrapping, reuse paper or do creative wrappings – old maps, children’s artwork or left-over pieces of fabric.

A good idea, Ms Bearsley suggested, is the setting of boundaries and budgets. Talk openly with your whānau about expectations. Suggest a price cap for gifts or try a Secret Santa draw where everyone buys one thoughtful gift. Or agree together that gifts will only be given to the children.

Giving the gift of time can also be very worthwhile. Acts of service, shared experiences and simply showing up can be priceless. And be mindful about borrowing. Before each purchase, pause and ask: Will this bring lasting joy or just a temporary moment? 

“When we choose simplicity, we create space for gratitude and connection, and that’s where the real joy of Christmas is found,” Ms Bearsley said.

FULL STORY

Celebrating The Greatest Gift Without The Financial Stress (By Margaret Bearsley/Anglican Financial Care)