Avoiding Overspending on Holiday Gifts

To prevent overspending during the holidays, first decide how much you want to spend. Take time early in the season to create a list of those for whom you will buy gifts. Think of the gifts, research ideas, and assign a gift to each person and an amount that you will spend. Don’t wait until the last minute to shop. Doing so will add pressure to get the shopping done at all costs. Likewise, avoid walking around in stores looking for gift ideas to match your budget. Doing so will risk impulse spending—buying on emotion or out of frustration. To maximize control over your budget limit, use only cash. You’ll reduce impulse buys because once the cash is gone, it’s gone.

Want an endless list of creative no-cost gift ideas? Log in to pinterest.com and search “no-cost gift ideas.”

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Keith Stein | 12/6/2018