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Be Wise This Holiday Season

I’ll admit it, I absolutely love shopping on Amazon no matter the day or occasion!  

With the holidays fast approaching (by the way, where did 2021 go?!), now is when we start seeing holiday deals and shopping specials dance across our screens. It is hard not to overspend at the holidays. Yes, you want to shower your loved ones, and even yourself, with gifts, but there’s a danger. The season of giving can quickly escalate into the season of holiday debt and uncomfortable emotions if you’re not careful.  

You can have a festive season without overspending. Yes, you and your wallet can still be thriving into January 2022. It all comes down to having a plan. Here are five tips that can help you stay out of holiday spending trouble: 

1. Create A Budget 

  • Identify how much you want to spend on each person and activity. If you’re planning on using credit cards, have a reasonable plan for how you’ll pay your credit card bill. 

 2. Make A List (and Check It Twice!) 

  • Who are you giving to? what gifts are they getting? and remember to cross off each gift or person as you do your shopping. You can even track whether you are shipping the gift or hand-delivering and the status on both. 
  • Having this plan before you go shopping will help you avoid buying unnecessary items. Track your holiday spending every day to ensure you’re sticking to your plan. 

 D&A TIP: If you keep this tracking list you can refer to it next year, and the year after, and the year after. It’s a great way to both make sure you don’t forget anyone and stick to a relatively consistent budget for gifts!

 3. Challenge Yourself and Get Creative. 

  • There are ways to give a meaningful gift at a fraction of the cost and you could pick up a new skill while gifting creative homemade presents. What have I done; you ask? I put homemade mixes in a mason jar for hot chocolate, cookie mixes, and soup. These are low-cost, high meaning gifts your loved ones, co-workers and friends will enjoy and ask for next year.
  • Consider the person of whom you are gifting and think if they really want a physical item. According to Heifer International, 79% of Americans would rather have a donation made in their name rather than a gift they will never use. A gift card for the zoo, aquarium, tickets to a play, concert or sports game, and gourmet food is always a hit! 
  • My favorite gift to give is a gift that relates to their life or situation. These types of gifts do not involve a lot of stuff people do not need or want. This year, I am giving my parents and loved ones my TIME and attention instead of gifts.

 4. Consider Solo Shopping. 

  • If you are susceptible to pressure or find it difficult to stick to your budget when shopping with your friends or family, consider shopping by yourself. You don’t want to be pressured into buying something you never planned on buying. Avoid the stress, go by yourself, and focus on buying only the items that you wrote down on your shopping list.

 5. Start Saving for Next Year. 

  • We are already into the holiday shopping season, but you can start by adjusting the gifting line item in your budget. When the holidays arrive next year, you will already have that money to spend. This may bring joy and peace to your life during the holidays. It helps me to remain calm and to make gifting fun. I always forget to schedule wrapping time but this year I am going to be in my comfy clothes and play the music I love and enjoy – a great present for me that you cannot buy on Amazon. 

The last thing you need on your mind is getting stuck in an overspending trap at the start of a new year. These five tips will help you stay on target and avoid regret this holiday season. You can do this with the right plan and by taking appropriate actions. If I can do it with my Amazon shopping tendencies, so can you!

To Your Prosperity and Happy Holidays!

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