4. Expensive gifts

Birthdays and Christmas can really wreck your budget. Trust us when we say that. And now, if you are wondering why we say that, the answer is pretty simple. On both occasions, you will need to give presents.

And don’t get us wrong, we love presents, and more than that, we love to give presents, but if you are on a tight budget, this can become quite difficult to achieve. If you used to buy expensive gifts for all of the members of your family, for your friends, and for your neighbors, our best advice would be to try to switch to cheaper alternatives.

Impulse purchases are the biggest enemy of your budget, and what you can do is try to create a separate budget for unplanned spending. This can help you by offering some flexibility.