But it can also be an expensive period, especially for homeowners juggling festive plans alongside mortgage commitments. With a little preparation, you can enjoy the celebrations without letting holiday costs pile up.

The end of the year is a good reminder to check in on your home loan. Many households simply “set and forget”, but small changes can make a real difference. Reviewing your current rate, exploring whether refinancing could lower your repayments, or adjusting your payment structure can free up extra room in your budget. Even modest savings each month can help soften holiday expenses.

While other parts of the world are turning up the heaters, Australians are doing the opposite. Summer cooling costs can creep up quickly during the holidays when everyone is home more often. Try simple adjustments such as closing curtains during peak sun, using fans before switching on the air-conditioning, and running appliances in cooler parts of the day. These small habits can noticeably reduce your energy bill — leaving more money for summer outings and family gatherings.

Holiday costs add up fast: gifts, food, travel, activities, and last-minute plans. Start by setting a budget for the season and stick to it as best you can. Planning ahead helps avoid dipping into credit or feeling stretched when your mortgage payment comes around. A little structure can go a long way toward keeping the season enjoyable rather than stressful.

The most memorable parts of the holidays often don’t cost much. Instead of buying large numbers of gifts or splurging on expensive outings, think about what actually brings you joy. Picnic days at the beach, backyard barbecues, potluck dinners, or relaxed family movie nights can create just as much festive feeling without the financial strain. If you do exchange gifts, consider setting spending limits or organising a Secret Santa — it keeps the fun while cutting the cost.

Being a homeowner doesn’t mean tightening the reins so much that the holidays lose their sparkle. By taking a moment to review your mortgage, managing energy use in the summer heat, and being thoughtful with spending, you can enjoy a vibrant, relaxed festive season — and start the new year on solid financial footing.