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Spending Tips this Christmas Season

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Christmas is fast-approaching! Need tips on how to prepare for the season?

The holiday season makes people into either Santa Clauses – spreading holiday cheer – or Grinches. It’s a very divisive holiday in a sense that it either makes people incredibly happy or sad, alive or empty, joyous or bitter and every other polarizing feelings you can think of.

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One of the things we can trace when trying to uncover this polarizing feeling is people usually don’t get to fully prepare ahead for the season. The most common underlying factor is the need and lack of money to spend for everything holiday-related – decors, new clothes, parties to attend to and of course, gifts. While the season shouldn’t be defined by anything monetary, we need to acknowledge that having a budget clearly defines whether the season will be a relaxed or stressful one.

This doesn’t mean you need to have a big budget for holiday spending either. If you follow these Santa-approved tips when doing your shopping, you will realize that you don’t have to break the bank or get into too much debt when buying for your loved ones.

  1. Set a budget and stick to it.
  2. Identify and segregate your budget for gifts, food, travel, parties.
  3. Write your Christmas list – the list of people you want (or need) to buy gifts for. This tip never gets old. Even Santa does this – he even checks his twice. You should too!
  4. If you have children and they write their Christmas lists too (but instead of gifts they would to like to give, they would writing down the gifts they would like to receive), be honest upfront that will get some things from their wishlist but not all. Be fair. If you spend a certain amount on one child, be sure to do the same with the rest of his siblings.
  5. Pay in cash or debit whenever possible. This allows you to be realistic when spending.
  6. Consider giving family gifts to families you are close to. For example, you can give amusement park ticket passes to your sibling’s family or a staycation from a groupon deal.
  7. Consider giving homemade gifts. This tip is not for everyone, as some spend more when they try to make their own. So consider this carefully. It will sure be a sentimental, personalized and thoughtful approach to gift-giving though.
  8. Create new budget-friendly Christmas traditions. It doesn’t mean that if you can’t afford a tradition you’ve been used your holidays are gone for already – create new ones. Remember: meaningful memories, the kind that sticks even after so many years, are brought about by experiences not things. Invest on these types of traditions.

Now, if you’re done with the list and want to do your Christmas shopping online, you can try home shopping catalogues.  They offer both an online catalogue as well as printed ones that you can receive at home.  There are variety of items to choose from for the whole family so whether you need a new appliance, clothes for your family, electronic gifts for your kids or valuable gift ideas to friends you can find your way through their site.

Be wise when spending though. Remember this is something you still have to work for, so again, it is still best to set a cap or a budget limit on how much you are going to spend.

Do you have more holiday spending tips to add? Let me know in the comments!

Enjoy life. Cheers!

~Nina

*This is a sponsored post.

11 Comments

  1. Liz A

    I suck at #1, for #2 – I have loose budget but more often than not go overboard, I always do #3 and #5, haven’t considered #6 (will try to check on this one, looks interesting), already considering #7, and for #8 – we have started a new family tradition a few years ago that doesn’t let anyone in the family break the bank. LOL!

    These are really great tips. Now, if only I could stick to a budget to make my life easier 🙂

    07 . Nov . 2016
  2. Gilian

    Thanks for this list. 🙂 very helpful. I also like to apply homemade gifts this year. 🙂

    05 . Nov . 2016
  3. Teresa

    I like tips number 7 and 8 the most. 🙂 I agree with you that we can create new traditions that are budget friendly. I also like giving homemade gifts.

    04 . Nov . 2016
  4. Louisa

    Best tip is to make a list and set a budget for each. That really helps to lessen expenses. Making gifts is a great idea. It can be costly though.

    03 . Nov . 2016
  5. Janice

    Great tips! It’s never too early to start preparing for Christmas. I’m almost done preparing my Christmas gift list. 🙂

    03 . Nov . 2016
  6. Mommy Roxi

    Gosh, this made me nervous about Christmas! I honestly have decided that we’ll just limit gifts to closest family and just do a group gift for our barkada like food or baked treats.

    03 . Nov . 2016
  7. Shai Habon

    Great tips! I personally love creating DIYs and personalised stuff as gifts for Christmas! I think I must add homemade gifts on my list. Baked goodies perhaps? 🙂

    03 . Nov . 2016
  8. Yan

    Agree on not using credit cards this season. The deals may be amazing, but the debt will take away your Christmas cheer. XD Cash or debit still the best!

    Also, homemade gifts are cheaper, ma-effort nga lang. This season we plan on baking homemade pies for our family para tipid and we also get to promote our products to them. 😀

    03 . Nov . 2016
  9. Marge

    For some reason, no matter how stressful, I like buying Christmas gifts and I used to have credit cards so everything was easy. Eventually, CCs made me miserable so now, especially when I buy gifts for Christmas, I pay everything in cash.

    02 . Nov . 2016
  10. Jae

    Hi Nina! I’ve never thought of the amusement parks and groupons as gifts. HAHA more ideas added to my list.

    Memories are still the best gifts!

    And yeah I always include credit cards in my Christmas shopping. Never have been good at budgeting, but will do this year (and well, in all things I do in the future, be it travelling or shopping). 🙂

    See you soon!

    27 . Oct . 2016
  11. Kate

    Christmas is coming, so start your shopping soon. Remember though, if you shop using credit, make sure you can repay for your items. Presents are great, but debt is not.

    26 . Oct . 2016

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