What are you purchasing for your home this holiday season? From home interior decorations to gifts, the holidays are filled with expenses and frivolous spending. Failure to plan for your expenses will result in spending more than you planned.
Budget. Decide how much your household is going to spend for the hoilidays. Plan out all events, evenings out, special dinners, decorations, and gifts. Plan specifically a dollar amount for every person in your immediate family.
Do not overspend when you are shopping for christmas gifts. If you do not trust yourself to not overcharge on your credit or debit card use the envelope system. Have an envelope with cash in it for each person. Always start at thrift stores, pawn shops, garage sales, and then move up to traditional retail shops. One hundred dollars spent purchasing the right items, in many different places will give your child lots of quality gifts to open on Christmas day.
Do not buy expensive gifts that your children feel they need. Purchase gifts that serve a purpose, and one for fun. Treat your children to computer or video game system game. Purchase gifts that can be shared, and enjoyed by everyone. Shop at pawn shops for all electronic gifts first.
Purchase gifts that require action. Games, outdoor toys, and recreational equipment may require you to actually interact often with your child. Plan to spend the most time this holiday season with your immediate family. Use these tips to create a holiday with lasting family memories.