It’s that wonderful time of the year.
Seems like after August we skip Halloween and Thanksgiving and go right into retail Christmas mode. Do you have enough gifts for those you care about? This is the question that many people are forced to answer when it comes time to shop for the holidays. With the season of giving fast approaching, it’s time to think about what you will get for others and how you will be able to afford the gifts.
Yes, budgeting throughout the year can help but what if you never got around to it?
It’s all too easy to get caught up in everyday life and forget about the holiday season when spring and summer roll around. Next thing you know September and October have passed, November is knocking at your door and you have not even started to think about what you will get everyone let alone where the money will come from. Don’t fall into the trap of charge it today and you’ll pay for it after the holidays. See how even a little change can make a difference in your holiday spending.
While financial planning for the holidays is something that is not always easy, saving with cash can be done even with just a little bit of time left. By putting aside $50-$75 a week you may find that you have more than enough to buy the gifts you want for the people that matter most in your life.
If you start to save $75 a week starting in mid-November, you will have $375 the week prior to Christmas to purchase gifts.
Yes $75 a week does sound like a lot, however there are ways to cut back on your personal spending to be able to afford $75 a week or even more.
The best way to start is watching how much you go out to eat. You can substantially save by preparing meals and eating at home rather than going out to eat. Turning the thermostat down a little in the cooler months can help to save on heating expenses. You may also find that carpooling to and from work is a great way to reduce the everyday travel expenses.
Even though it is late in the year, there is always time to save for holiday gifts allowing you to be able to be generous during the giving season without experiencing the holiday blues in January. Remember that being creative on cutting your personal spending allows for more that you can spend on others.
Lastly, gift giving isn’t always about buying presents, but can be about giving the gift of your time. Time spent with family and friends. A family dinner and laughter around the table is something money can’t buy.
Don’t break the bank giving stuff when there can be something much more valuable – yourself.