A lead financial consultant, Jemima Okyere Tabiri has shared some measures to help individuals have fun this festive season and still have enough for future needs.

The expert said individuals should first prepare a budget that includes all their sources of income and a list of their expenses.

According to her, the prices of items should be known so that expensive ones are substituted with equally good but affordable items.

She made these comments on Joy Prime on Monday, December 19, 2022.

Jemima also cautioned individuals to allocate some percentage of money for January and the subsequent months.

“What we should bear in mind is after Christmas there’s January, we always say January is 60 days so you put aside some emergency funds to keep you till January,” she mentioned.

The financial consultant advised that because Christmas is full of entertainment, it has to be factored into all that cost which means expensive venues have to be substituted for cheaper options when it comes to parties.

Jemima mentioned that giving gifts should not necessarily be so huge looking at the economy, rather anything as small as a bar of chocolate or toffee would still be thoughtful.

While explaining on the show, Jemima indicated that to prevent impulse buying, individuals could keep a portion of their money with trusted friends or at a bank.

"What we can say is you need to be disciplined… so for me, where my savings is, the bank is not even close to me, I have to drive a long way and I don’t have an ATM for that account so it’s about the discipline," she said.

She also said that a budget should not always be too strict and could be purposefully reviewed at any time.

Jemima then encouraged individuals that regardless of their income, they could still make the season an enjoyable one without having to empty their accounts.