Christmas is usually a tough time to stay in check financially. With all the extra activities occurring, parties and of course the gifts, we could all use some help with keeping ourselves in check. Here are three tips that will help you resist holiday overspending!
Along with creating a budget for holiday spending, when you’re limited to using only cash, you’re way less likely to spend more than you have. When you’re out of cash, you’re out of excuses to spend.
Whether it’s knit, baked, or glued, any gift you make not only feels meaningful to the recipient, it can also help keep you away from the major stores and malls. In turn, keeping you away from a lot of temptation to spend!
Check out the Homemade Christmas Gift series here on Simply Frugal for some great ideas to get you started!
Take a look at your calendar for the weeks leading up to Christmas and figure out all the activities, parties and gift exchanges you’ll be attending that require you to bring something along. Think of everything you could do to prepare ahead of time so you’re not rushing and making unnecessary stops at the store, which could lead to unnecessary spending. Freeze some sugar cookie dough so it’s ready for that cookie decorating party or available to bring to a neighborhood party. Dig through your closet to find an outfit for the office party. Buy or make hostess gifts to have on hand for last-minute party invitations.
The more you put your cold hard cash to good use, have fun creating and plan ahead for the Christmas season, the less likely you are to feel the effects of your overspending in January when your credit card statements will be due to arrive! After all, now is the time to focus on celebrating the season for it’s true meaning.
What are your tips for resisting holiday overspending?