32% of Australians are already worried that they are unable to manage their credit card debt. To alleviate some of that stress, we’ve listed some tips to help you stay in control of your finances:

• Write down your shopping list and set realistic spending limits for each person you intend to purchase gifts for.

• Once you’ve worked out your list, shop online for the best prices. Prefer stores? Show them the best online price and ask them to match it (don’t ask, don’t get!).

• Consider buying digital gift cards to help you stick to these limits. You’ll be saving time and money by not making a trip to the shopping centre and may also avoid the temptation to overspend. Money will also be saved on gift wrapping and Australia post charges.

• Break out the gift cards and vouchers. If you’ve been storing these up it’s time to use them instead of charging the entire amount of a gift to your credit card.

• Think carefully about using ‘buy now, pay later’ schemes such as Afterpay. It’s only a good idea if you can pay 100% of each installment as it's due. If you can’t you’ll be charged with a missed payment fee.

• Where possible, wait until sales like Black Friday and Boxing Day sales to purchase gifts. Consider storing purchases for upcoming birthdays.

• Be honest with family and friends. Let them know you’re trying to stay in control of your finances to avoid financial stress.

• Agree with friends and family to limit gift giving to the kids only. If that won’t fly, consider a Kris Kringle with price limits.

• Make, re-use, re-cycle, re-gift. Good for the environment and your wallet. 2 minute videos on ‘how to’ will get you going. Pay it forward - especially for good will.

• Hosting any festive season functions? Ask everyone to bring a plate to broaden the buffet and showcase their talents. This saves you time and money, enabling you to spend more of both with family and friends.

It’s never too late to start building your plan at Otivo to help you stay on track for whatever you're planning in life.