Photo of money wrapped up in a bow
This time of year it’s easy to spend more than we can really afford.

Change your life: Festive finance

15 December, 2014

Incredible though it may seem, Christmas really is just around the corner.

Inevitably, it’s a very expensive time of year, and in the heat of the moment it’s easy to spend more than we can really afford.

Here’s a tip to help ensure there are some extra funds available for the Festive Season, but it can also be applied throughout the rest of the year.

Do you know how much you spend in a week or a month? Do you know what you spend your money on? One way to keep tabs on this is to keep a Spending Log for a week or two – just to see where your hard-earned money is actually going. You might be in for a few surprises.

“The path to financial freedom can be long and challenging. The commitment to becomeresponsible with money is the key that opens the flood gates to more.” — Cheryl Richardson

A friend of mine tried this out and was shocked to discover that she was spending, on average, £30 a week on Cappuccinos – that’s a whopping £120 per month.

Another was equally shocked to realise he had a wine bill approaching £200 per month.

By becoming aware of how you’re spending your money, you can take control of it. You can then decide whether to forego a Latte or two in order to have the extra funds you need to afford something special (not to mention improve your health and well-being) – or, more importantly, to avoid going into the red over the Holiday Season.


  • Annabel Sutton is a Professional Certified Coach and Author.  She has lived in Los Angeles and Indonesia; survived earthquakes and riots, lived with head-hunters and enjoyed a portfolio career.  She now enjoys a somewhat quieter life in Somerset!  Her latest book, 52 Ways to Transform Your Life (Weekly Wisdom for Busy People), contains 52 inspiring, quick-to-read life tips and is available from . Find more information at