Don’t have enough money for Christmas this year? No worry! Here’s got a plan on how to stretch your budget and get most Christmas presents within your limited bucks.
The Christmas holidays are around the corner. Do you plan how many gifts you need to buy? Do you calculate how much it cost to you? If you are not prepared in advance, then it is really hard to manage your budget and its hurt your pocket badly.
Luckily, there are ways to strap your spending, especially if you do not save money for holidays. Here are some tricks:
Make a plan
Before you, anything, make a good plan. A perfect plan can save your thousands of dollars and efforts.
To start, try to know the interests of those for who you want to buy gifts. What are their interesting things? Where they are mostly going shopping? What do they do for fun? Contact your friends or relatives to get ideas.
I personally create an Excel spreadsheet to manage my gift planning. It is an easy way to put all the ideas in one place and start implementation. If you are not comfortable in Excel, use any preferable list-making method like pen and paper and apps like notepad and Evernote.
Try to grab discount coupons while shopping online. Many tipsters agree that advance planning and shopping discount coupons can save lots of money during festive seasons.
No Gift Policy
It is a good idea for spending time with your friends and family for the holidays instead of exchanging gifts. I see during the festive season, my relatives are just come only once a year. Why not we enjoy the company of each other instead of exchanging materialistic gifts? Don’t be afraid of opting no-gift policy this Christmas season. I am sure that 99.9% of people will love this thought and you can also shorten your shopping expenditures.
I think everybody loves to make handmade DIY. Try to explore some beautiful and cute DIY gifts for Christmas from Pinterest.com. Here are some that you can try:
- Homemade Photo Coasters
- Sharpie Mugs
- Homemade Vanilla Extract
- DIY Ornaments
- Countless Gifts In a Jar
Give What They Want
I hate Christmas gifts like gift cards, money, flowers because it is totally wastage of money. But after receiving lots of gifts that are not useful to me, I am decided to rethink my old decision of banning these useless gifts. Because I know I use lots of gifts cards receiving in last year Christmas Eve than a green robe lives in the racks currently.
The other great thing about these gifts is that it can be expensive or inexpensive as per your wish. You can easily buy a $10 iTunes or a bottle of beer.
Do you have set a budget to buy a gift for every person? If not, set it now and add in your gift-giving plan. If your budget is not flexible, then put a limit of $15 or $25 for every person gift.
Share Your Financial Goals
When you are in a committed relationship, you can share your same financial goals. Spending too much on each other just for fun is not good when you are struggling for money to pay your student loans or save for a Mexico trip.
No matter how you decided to manage your festive spending, hopefully, you enjoy your holidays and time with your loved ones. After all, spending quality time with your family is a real meaning of holidays..
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