Christmas is mere months away and some financially savvy people are already preparing.

A study by ASIC last year found that Aussies estimated they would spend an average of nearly $800 a person over the festive season on gifts, holidays and celebrations.

Given the cost-of-living crisis and increasing pressure on households, the cost of this period can be anxiety-inducing.

But, with a little planning and preparation, you can survive it without breaking the bank.

Preparing your finances

Being ready for the season can help you not only spend less money, but also make it more enjoyable.

"When we plan a little bit ahead, you stretch the enjoyment," says financial educator Ketvi Roopnarain.

"You also minimise stress because you feel in control again."

With just 12 weeks until the holida

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