1Establish an Overall Budget
It is very important that you have an overall budget in place prior to beginning your Christmas shopping. This way, you are less likely to end up overspending and regretting any shopping debt. When considering your budget, keep these things in mind:
2Make a Gift List, and Check It Twice
Decide whom you want or need to buy gifts for and how much you will spend on each person on your list, keeping your overall bottom line in mind. Without a gift list, we end up spending money on people we really don’t need to buy for or want to buy for – it’s ok to not buy everyone a gift.
3Shop On Your Time
While some of us may enjoy the thrill of getting all our Christmas shopping done in one big mall trip, it’s wiser to spread your shopping over a period time.
4Leave The Plastic At Home
Make it your motto to not go into debt this Christmas season. It’s safe to say that the majority of us have been watching how much we spend more closely the past few years, but the Christmas season is an easy temptation to blow off budgets and say “just charge it.”
5Empower Yourself - Resist Impulse Buying
For many of us, this is one of the hardest things to do! Have a plan on what you want to buy before you hit the mall or your favorite store and stick to it. Remember a few rules:
6Give Warmly, Not Opulently
Think about how many Christmas gifts you’ve received that you didn’t use or even like. We can all benefit from the “less is more” motto when it comes to gift giving. Try these tips when planning your gift list:
7Keep Décor Simple
While many of us would love for our homes to look like the picture perfect decorated ones in magazines this Christmas season, remember that you can keep your decorations simple and tasteful without spending a fortune. Try a few of our tips:
8Finally, Avoid Easy Money Drainers