Christmas is coming around the corner, its already October I can’t believe it. Stores already have Christmas displays up. WAIT please WAIT. I’d like to enjoy Halloween first. But reality is that Christmas is a big mark up. With the economy in the state its in, a lot of people are worried about how much they’ll be able to spend this year on gifts.
My first holiday tip is to go back to last years Christmas and figure out how much you spent. I spent almost $1000 last year which to me is insane. But, that is nothing compared to a couple who came in last year to get a signature loan for $4000 to pay for Christmas.
Tip #2 Don’t go and get a loan for Christmas. If you don’t have the holiday money set aside, why get in more debt that is going to take the next year to pay off.
Tip #3 Write down who you are buying for and how much you are going to spend. This tip is the greatest with big families. Drawing names is awesome. My family draws names and we set a limit of how much we spend. $25 a person, $50 a couple. We picked individuals last year so we are doing couples this year.
Tip #4 Have people give you idea’s of what they need instead of what they want. For couples my brother and his wife are having a baby and they said that they personally don’t need anything but would like some stuff for the baby. Sweet… baby stuff no prob.
Tip #5 This is a big one. Go back to your holiday hiding spot and see if there are any gifts from last year that you forgot to give out. My mother is a big “forgot to give you this” person. You might just have your shopping done and don’t know it.