How many parents do you know that are feeling uncomfortable during the holidays due to financial stress? Are you searching for the magic cure or financial medicine to alleviate your holiday blues due to all the spending? This article may provide you with some simple tips to reduce stress and spending helping you to increase your holiday spirit.
Before leaving your home and spending any money, do the following:
Write or journal in a notebook what the holiday means to you. It’s important include your beliefs, culture, traditions and philosophy. Many people who spend during the holiday become stressed because they are not sure why or what the holiday means to them in terms of spending or gifting.
Make a list of the individuals you will want to include on your gift list. Determine what you want to buy and how much you want spend.
Avoid making purchases with a credit card if you do not have the money to pay for it. Avoid the “buy now, pay later” mentality. If you cannot afford a particular item, look for something similar but less expensive or search for an alternative present. Set a limit and try to stick to it. Become happy with paying less!
Be cautious of department store promotions offering, "buy now and pay later" deals. Some stores have hidden clauses that allow interest to accrue until your first payment. Read through all paperwork before signing it, and do not be afraid to ask the store clerk questions regarding the promotion. Remember, if it sounds too good to be true, it probably is.
Be creative when gifting. Try making homemade items or give personalized gifts. Personalized gifts may include services such as babysitting.
Donations to charities may make more of a lasting impression than a store-bought gift. Use the extra money that you would have spent on friends and family to make one larger donation to one specific charity. Call local food pantries, shelters and charities to find out what they need during the busy holiday season.
Give as a group or family. Go in on a gift together.
If you're hosting a family dinner, ask others to bring a dish.
Pay attention to return policies for items you purchased.
Keep your receipts. If you need to return something later, having your receipt will speed up the process and you will have a better chance of getting your money back.
Shop alone. A tired spouse or child may encourage you to impulsively buy some items so they could get home sooner.
Avoid “high pressure” sales. Know what you're looking for before you enter a store. If you feel uncomfortable, walk away.
Search through clearance racks for sale items. Shop at discount stores for gifts for children, neighbors, and co-workers.
Don't be a last minute shopper. You may be more tempted to purchase higher priced items if you are in a hurry or don't have time to comparison shop.
After the holiday season, start saving any planiing for the next one. Put aside a little each month or look for sale items through the year that could be saved for the holiday season.
