Christmas is characterised by feelings of hope and joy, which are needed more so now due to the socio-economic impact of COVID-19 on families and households. The season is also marked by high levels of consumerism. This year’s preparation and observance of Christmas will require significant adjustment on the part of families because of the health and safety guidelines imposed and also due to the depressed spending capacity of consumers.
At this time, most consumers review their options for the financing of activities related to the season. Funds can possibly be derived from savings, investments, loans or mutual funds.