We all know it’s coming. The decorations hit the shelves as soon as the Halloween candy is gone, and not long after that we are spending money like crazy. Already you have to put up with bad roads, long lines and endless events to go to. Dipping into your overdraft or your credit shouldn’t be on the top of your Christmas stress list.
Remember, before spending too much, that the root of the holiday season is to be able to spend time with our families, enjoy a good meal and make the most of the last month of the year.
Even if you don’t celebrate Christmas specifically, chances are you could still benefit from some holiday spending tips. With a little planning, you can make the holidays more zen than stressful.
Make a list.
And not just any list. We recommend creating a list using an Excel spreadsheet. Keep track of who you always buy gifts for, what you got them the year before and how much you can afford to spend on their gift. We say can because gift giving on a budget needs to be based on how much you can afford to spend rather than how much you want to spend.
It may seem a bit daunting, but trust us, having a running list will keep you organized, your budget on track and will eliminate repeat gifting.
Get a head start.
The best Christmas shoppers are on the look out for gifts all year round. If you buy multiples of small gifts for friends or coworkers, you will save yourself the stress of going out and buying everything all at once. Your bank account will thank you too because the purchases will be spread out over the course of a year.