Bel Air, MD 21014
of gifts, travel and
entertaining can result in big
in light of declining investment portfolios,
sinking house values and a shaky job
market many consumers will be looking
for ways to toast the season without
breaking the bank. If you, too, want to
avoid over-spending, here are some tips to
celebrate more frugally:
onboard with the cost-conscious approach.
Have a frank discussion with your spouse
about spending limits. Make sure your
children understand that your plans for the
holidays will focus on fun that can be had
without spending a lot of money. You may
even use this as an opportunity to explain
the fundamentals of household economics
and involve them in setting holiday spending
priorities for the family.
hope to purchase for family and friends.
Knowing what you want ahead of time may
help you avoid making poor decisions and
impulse purchases once you hit the stores.
control is to set a limit. Once this number is
chosen, see if you can come in under budget.
Track all of your purchases and be certain to
hold onto receipts. You might also request
gift receipts where available and tuck them
inside cards or gift boxes.
consumer spending, many retailers are
cautious to avoid stockpiling large inventories
this holiday season. If you shop early, you
will be more likely to find what you're looking
for at a reasonable price. Conversely, last
minute shopping could result in spending
more than you planned, particularly if you
are determined to buy specific items.
than making gifts and packages the center
of your holiday celebration, try putting more
emphasis on spending quality time with
family and friends. Encourage games and
conversation; you may be surprised to find
how little you miss the excesses of years past.