Tet is a time when spending increases sharply for shopping, gifts, spring trips and reunions. However, many families fall into a financial "suffering" situation right after Tet because they do not have specific plans. According to personal finance website NerdWallet, spending exceeding the budget during holidays is a common reason why many households have to spend several months to rebalance their cash flow.
One of the important secrets is to set a Tet budget early and clearly divide each item such as food, gifts, lucky money, and travel. Forbes Advisor recommends that each family should determine the maximum acceptable spending level without affecting savings funds or fixed items after Tet such as tuition, rent, and insurance.
In addition, it is necessary to prioritize usage value instead of chasing after formality. The psychology of "Tet must be really full" easily makes many people shop too much. According to Harvard Business Review's analysis of consumer behavior, excitement during the holiday season often reduces the ability to control spending. Therefore, making shopping lists and sticking to plans helps limit unnecessary expenses.
Another principle is to avoid using credit cards or borrowing to spend on things that are not really urgent. Financial experts warn that consumer debt after the holidays can prolong psychological pressure and affect family harmony.
Finally, turn Tet into a time of connection instead of ostentation. A cozy meal, sincere conversations are often more valuable than expensive gifts. When the whole family agrees on reasonable spending goals, the atmosphere after Tet will be lighter, no longer worrying about bills or outstanding debts.
Smart spending does not lose the joy of Tet, but on the contrary, helps families enter the new year with a proactive, peaceful and financially stable mindset.
