Big events like birthdays, holidays or Christmas have a habit of sneaking up on you while you are carrying on your busy life. But if you don’t want to give yourself a headache with bills and debts you can’t afford, simple things like planning, budgeting and good organisation are key to avoid getting into debt. So here are ten top tips to help you plan ahead for a great event:

1. Plan early.

   Be realistic and budget accordingly. Work out how much you are going to spend – and stick to it. Manage expectations as to what you can afford.

2. Don’t forget the everyday bills.

   Remember that rent, the mortgage, utility bills, food bills and other existing debts still have to be paid – and the consequences can be severe if they’re not. Even though it’s tempting to blow your budget, get your priorities right.

3. Don’t bank on an overdraft.

   If you do need more money, don’t just run up an overdraft without talking to your bank first – it will work out much more expensive.

4. Keep things simple.

   If you can afford to pay for your goods outright by cash, cheque, or debit card, don’t be persuaded to take out extended credit agreements unless they really do work out cheaper.

5. Shop around.

   Try as many different places as possible to find the best price. Buy what you want and not what other people say you need. Be wary of extended warranties; the cost of a repair could be less than the cost of the warranty.

6. Buy safe to be safe.

   Whatever the deal, whatever the temptation, don’t buy from unauthorised traders and don’t borrow from unauthorised lenders. The initial savings and convenience may prove to be a false economy.

7. Read the small print.

   Check for hidden extras in any credit agreement. Work out the total amount payable. Ensure that the monthly installments are within your budget before signing. Interest free credit can seem attractive, but if you don’t pay on time, or miss a payment, you could have to pay a lot more.

8. Do your own credit checks.

   If you are going to use a credit card, shop around and compare terms. Some cards charge high interest rates, but provide interest free periods or discounts. Budget for all these costs and put the payment dates in your diary.

9. Be organised.

   If you’ve borrowed money don’t forget that it won’t be long before you have to make a payment. Make sure you pay on time, even if it is only the minimum, or you will be faced with additional charges.

10. Start planning and saving for your next big event.

    Once it’s all over it won’t be long until the next big event is on the horizon. Feel great about what went well and learn from your mistakes. Start planning and saving for next your next big event.

    Your Money, helpful money advice from the Citizens Advice Bureau or contact the National Debt Line now.