You popped into the shop on your way home, as you walk in you are greeted by a holiday song. Yes its that time of the year. 13 days to Christmas. What with the holiday spirit and all the specials you may be finding it difficult to Control Your Holiday Spending.
Does this cause you a bit of panic when you realize Christmas is right around the corner? And, with it, uncontrollable holiday spending.
For many people Christmas can be a very expensive time of the year. Gift giving, holiday parties, and flights to see loved ones can really add up.
Don’t let the holiday be a stressful time for you and your family. By financially preparing yourself, you will be equipped to deal with the festivities and keep your holiday cheer.
Things to consider
- How many people do you want to buy gifts for? How much do you want to spend on each person?
- Are you going to host a holiday party?
- Will you have family or friends flying in to spend time over the holidays? How many people? How much will you need to spend?
- Will you be traveling to visit friends or family? Car or airplane? How much will it cost?
- Are you going to take part in company gift exchanges or holiday school activities for your children?
- Are you going to gift to your neighbors?
Here are some tips and tricks to help you stay within your holiday budget this season.
Budget for everything
Take a look at your budget and know the exact amount of money you can spend on gift giving, festivities, and flights. Pay attention to each area and create a max limit and then stick with it.
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Make a List
Shoppers who make a list of gifts to buy are more likely to not exceed their budget.
Plan ahead to avoid any surprise expenses that could drain your savings or lead to unmanageable debt. This means making a complete list and sticking with your plan. Reality check here, remember, you have to stay within your budget, this is all for your benefit.
Resist the urge!
We all want everyone to be happy during the holiday season. To make that happen, we sometimes think that giving the ultimate gift is what will do it. It won’t.
Of course, your little niece Suzy would be thrilled to get the latest cell phone. Or a Mac laptop, but that will not be in the cards if you stick to the simple rules of your budget. Remember control your holiday spending.
If you’re creative, consider a homemade gift instead of a store-bought one. Crochet, knit, or cross-stitch something. Bake some delicious gourmet treats. Or turn to your other talents to make something special and one-of-a-kind for the people in your life.
When your budget is tight and you are looking for ways to save money I suggest you make your own fun.
There are many ways to create your own experiences. Such as creating holiday rituals that are special and don’t require a lot of money.
The holidays don’t have to lead to excessive spending
Please remember it’s the season of caring not necessarily giving. Don’t set yourself up for the new year already in debt. Control your holiday spending.