The Christmas season is fast approaching, and with Christmas comes many joys: seeing family, delicious food, and holidays. One of the difficulties that comes with Christmas can be overspending. Giving gifts at Christmas is a wonderful sentiment. You get to show the people in your life how much they mean to you, and you get to spend lots of time thinking over what they might want. However, Christmas shopping can get very expensive very quickly. It can feel overwhelming, when you think about all the money you are going to spend. You might start to feel like you need to ring up Perks and ask for an accountant specific for your Christmas spending! It’s still very easy to spend more than you planned. After all, if you see something that would be just perfect for your family, how can you resist buying it? Tendencies like that can get you into trouble. Before you know it, you’ve blown your budget, and you’re more stressed than ever. So, here is a list of tips to help you keep your spending in check this Christmas.
Budgeting is essential for Christmas spending. The most important tip for budgeting for Christmas is to do it well in advance of the Christmas season. By working out who you need to buy for and how much to spend on them, you can start to set aside the right amount of money throughout the year. This way, when it comes to Christmas, you already have the right amount of money, and you won’t have to worry about using money you don’t have. Once you’ve made your budget, stick to it. But it’s always smart to budget in a buffer. You’ll probably overspend in some areas, or come across unexpected costs. A buffer of extra money can keep you safe from these moments of overspending.
An easy way to make gift giving more manageable and to have some fun while do so is Secret Santas. For anyone unfamiliar, Secret Santa is a way of buying gifts where everyone in a group is assigned someone else in the group to buy a present for. This way, you don’t have to buy for everyone, but everyone gets a gift. This can save you a bunch of money, as a list of seven people you have to buy for becomes just one. Usually, Secret Santas are great for workplaces and friend groups.
If you shop early, you should find those amazing bargains, both online and in-store. Plus, you’ll have extra time to shop around for price comparisons, enabling you to buy the best option available. Keep your eyes out for the big discount days (I’m looking at you, Black Friday), as, even though they are closer to Christmas, they can offer you amazing discounts on quality gifts that your friends and family will love!