The Christmas period can be expensive but it doesn’t need to be. You can have a wonderful holiday without having to worry about financial pressures. I usually worry each year about buying enough for my family members, I want to treat them as much as I can. But I have to remind myself it is not all about the presents and money, it’s the thought and spending time with them that really matters. I actually started Christmas shopping early, for the first year in a long time and it has definitely taken the pressure off. I have compiled a list of tips to stay on budget, I hope these can help you if you are finding it stressful.
1. Make a list of people you need to buy for at Christmas
I used my notes pages in my diary to write list of everyone I would be buying for Christmas, so I stay organised and do not forget anyone. I also used a gift planner sheet to plan out my Christmas presents for everyone. Something so satisfying about ticking off on a list.
2. Set a strict budget for Christmas presents and one that you can afford
3. Ask everyone for a Christmas list, so you can buy them a present they want and not buying for the sake of buying
I used to do this, just buy “top up” presents to make sure I have brought enough for everyone. This year, I asked my loved ones what items are on their wish list and brought from that wish list to ensure I am gifting items they want or need.
4. Do not put yourself in debt showing people you love them with gifts.
Always remember this! Your loved ones don’t need expensive gifts to know you care.
5. Once you have set your spending amount you should draw that cash out. You could put it in an envelope or put the money onto a pre paid card. This way you are aware of how much money you have left.
6. Ignore the sales, stick to your shopping list and try not to overspend.
I have been guilty of this in the past, buying items just because they were deemed a “great deal” and then working out afterwards who I could gift them too. Buying this way used to cost me a fortune ha ha!
7. Make a list of additional costs such as; food, cards, wrapping paper etc.
8. No emotional spending, again stick to your list.
Do you tend to overspend at Christmas, or are you great at adhering to a budget? Do you have any tips for staying on budget? I’d love to hear in the comments.