If you read my post on Christmas budgeting tips, you’ll already have a good idea how to enjoy the season while keeping control of money.
On a similar, but slightly different topic, I’m now going to share some actionable tips on how to avoid overspending at Christmas.
They are similar to budgeting, but approach the topic from a slightly different angle.
I want everyone who wants to celebrate Christmas to be able to do so with a clear conscience. Without having to worry about paying off debt in the new year.
These tips can help avoid overspending at Christmas.
- Set a budget together: Start by setting a realistic budget for Christmas spending. Make sure everyone understands that sticking to this budget is important.
- Make a list: Make a list of people you want to buy gifts for. This helps avoid impulse purchases.
- Prioritize: Prioritize the most important people to buy gifts for. Not everyone needs an expensive present or the newest phone.
- DIY gifts: Consider making homemade gifts. It’s thoughtful, personal, and often cheaper than buying something.
- Shop early: Start shopping well before December to take advantage of sales and avoid last-minute panic purchases. Black Friday is great for this.
- Shop around: Don’t just buy the first thing you see. Compare prices at different stores, both online and in person. You can also look for coupons and discounts.
- Compare prices: Compare prices online or at different stores to find the best deals. Get into the habit of comparing everything.
- Don’t be afraid to negotiate: If you’re buying something expensive, try negotiating a better price with the seller. You may be surprised at what you can get.
- Use cash: If possible, use cash for Christmas shopping instead of credit cards. It’s easier to keep track of spending this way.
- Set limits: Consider setting a spending limit for each person on their gift list. This can help control expenses.
- Secret Santa: Suggest doing a Secret Santa exchange with friends or family to reduce the number of gifts you have to buy.
- Focus on experiences: Experiences like a day out or a special meal can be just as meaningful as physical gifts. You can also entertain the kids on a budget if you need to.
- Make your own gifts: This is a great way to save money and give your loved ones something truly unique. There are all sorts of things you can make, such as baked goods, jewellery, or crafts.
- Don’t buy gifts for everyone: If you have a large family, consider setting a limit on the number of gifts you’ll buy. You can also focus on buying gifts for the people who are closest to you.
- Suggest alternatives to gift-giving: Instead of buying gifts for everyone, you could suggest going out to dinner or doing an activity together. This is a great way to save money and create lasting memories.
- Don’t be afraid to say no: If you’re feeling overwhelmed or pressured to spend more money than you can afford, it’s okay to say no. Your loved ones will understand.
- Focus on what’s important: Christmas is about more than just giving and receiving gifts. It’s about spending time with loved ones and celebrating the holiday season. Keep this in mind when you’re making your budget and planning your Christmas shopping.
Some of these tips to help avoid overspending at Christmas will work for some and not for others.
That’s fine.
Use those you think work for your situation and your family and ignore the rest. Anything you can do to lower the cost of Christmas has to be a good thing.
As long as you’re together and have a good time, that’s all that matters!
