Let's learn how to not overspend money this Christmas and stick with it, shall we?
Christmas season is upon us, everyone! Shopping season is here, where you find some of the best deals of the year and are so hard to resist! If you are trying to prevent yourself from overspending your hard earned money, it can be tough to do since, let’s face it, it’s hard to when great mega-sales are all around us.
Here are some helpful ways on how to not overspend money this Christmas to help you and your family keep your finances in great shape this year.
One this site, there are popular posts that give you tips to not spending money, the tactics are very similar. One could not spend money at all this Christmas season if you want to be realistic this holiday season. But you are here, and you are reading this because spending money is going to happen this year and you just want to be smart about your spending!
The point of this post is for those of us who want to spend some money this holiday season, but are afraid of overspending. Overspending can happen to the best of us. We get into the season, and our emotions take over, then we simply spend our money.
If you are like me, I love the holiday season because we find good deals on things we need; not just gifts. I know I’m an emotional spender, and with the year I’ve been having, keeping my spending in check has been challenging.
Because I know many of you can relate to this, I wanted to make sure I write down tips that I will implement to avoid overspending this Christmas season. By doing this, I hope I can keep myself and my finances in check.
Now if you are having some financial struggles this season, I suggest you cut back on your spending and try a different tactic to avoid getting yourself into more debt.
Remember that planning is essential, and if you are avoiding certain financial mistakes this holiday season, it will help you keep your money in your wallet!
11 Tips On How NOT To Overspend Money This Christmas
Tip #1 – Write it down
No chance I will not mention this, write it down. If you are planning on spending any money on gifts, you must write it down. Write down a list and check it twice! 🙂 Write down what your plans are and any ideas you may have, anything that will help you stay focused and on budget.
When you write things down, it makes it more real and keeps you organized. In the middle of Christmas, shopping chaos go back to what you have written down to remind you of what you are doing and bring you back on track.
Tip #2 – Budget
Does this word sound familiar?
Yes, budget. You have to make sure that you budget your Christmas shopping spending. December for us is where we spend more money than any other month of the year. That’s why we add money to a Christmas account and use Digit app to help us save money for this time of the year.
Having a budget will allow you to view where your hard earned money is going and keep you from overspending cash on things you don't need.
Budgeting is key to a successful financial goal. Need help with your budget check out these posts:
- The Best Personal Budgeting Templates
- How To Save Money On A Budget
- How To Budget Without Struggling
Tip #3 – Look at the sales ads
Black Friday is one of the biggest shopping days of the year. Christmas season is where retailers make their money. Can you believe that retailers make more money during this time of the year than the rest of the year combined? In 2017, during the four-day weekend sales hit $7.9 billion and 40% were made using mobile devices. A 29% increase from 2016! (Source).
Sorry about that, the former retail manager in me came out.
Yes, you will find great deals during this time of the year. By looking around at the sale ads, you might get a feel of how much you need to save and what you are looking for.
Tip #4 – Shop with a list
Yes, a shopping list to go with you everytime you go shopping, even online shopping!
Now that you have seen the sales from looking at ads make your list, create your budget, and head to the store. Only shop the items that are on your list. NOTHING MORE! This will prevent you from making an impulse buy. What happens when you buy something that is not on your list? You overspend. THANK YOU!
Tips #5 – Avoid looking at deal websites
Looking at bargain sites will cause you to overspend your money during this Christmas season. Just avoid them as much as possible. Remember that though useful, bargain sites are there to sell bargains. If you feel tempted every time you see a deal pop up, just skip looking at deal sites.
Tip #6 – Delete all advertising emails
This might sound harsh to some of us, but you must hit the unsubscribe button on your favorite deal emails today. DO IT! Don’t open them and give in to temptation.
Around this time of the year, a number of emails that say they have crazy “Doorbuster Deals” will be sent just about every hour from all retailers. Either unsubscribe or delete them from your inbox.
Remember this is the time of the year when everyone is selling just about everything because we consumers are in shopping mode.
Tip #7 – Shop when there’s a crowd
You think this is insane; but if you think about it, when the stores are busy, you will get irritated enough just to grab what you need and get out. If you shop when the store is less crowded, you will take the time just to look around and give to temptation.
Tip #8 – Shop online
Shopping online is the best way to stick to your budget and your list. It's simple to shop around and find what you are looking for. You don’t need to deal with traffic, the crowd, or the item not being stocked after driving all the way there. That being said, DON'T GIVE TO TEMPTATION. Online sites can easily be distracting with their ads and sales. Stick to your list; it's what I suggest you do.
Tip #9 – Cut your Christmas list down
Instead of giving everyone on your list gifts, try and cut your list down. Do you have to buy everyone gifts this year? Be open about your financial situation and come up with an alternative. Don't feel guilty about how much you spend on others. Remember, buying material things is not what the season is really about.
Related Christmas posts:
- 6 Reasons a Frugal Christmas This 2018 Holiday Season
- 11 Back To School Shopping Mistakes To Avoid
- Why Having A Summer Budget Works
Tip #10 – Shop items that are off-season
To save money, look for popular items that are on clearance. You will find tons of items that are on clearance, and sometimes promo codes will work with clearance items. Swimsuits and sandals as Christmas gifts? Why not? Summer will be coming soon whether we like it or not.
Tip #11 – Remember that tis the season to give!
Why stress over buying gifts when this is the season to give. Spend it with your family and make memories. Gifts are just material things. Give the gift of love this season. Donate your time and help others. This gift is so rewarding and good for the soul.
I hope these helpful tips will prevent you from overspending your money this Christmas season. Remember that only you can control your spending and its not about material things but about spending time with family and creating memories.
If you are interested in learning about enjoying a debt-free Christmas check out Merry Debt-Free Christmas an e-book that helps us enjoy a financial stress Christmas.