The much anticipated John Lewis ad had launched which means Christmas is officially upon us. Chances are you’re starting to feel a bit ‘spendy’. It’s only natural. We want to spread that feeling of good cheer around by buying presents for those we love.
There’s nothing wrong with that, but keep your wallet in mind. Nothing kills the joy of Christmas like a giant credit card bill come January. Keep your spending in check by following these tips.
1. Make a budget early
This might seem obvious, but there’s no way to stick to a budget if you don’t make one.
The very first thing you must do to keep spending in check is plan ahead. Make a list of who needs a gift. Then brainstorm what they might like and what’s realistic for you to get. Do it early so that you have a spending plan in place.
2. Wait for sales
Since you’ve done all that fantastic planning ahead, you now have the luxury of waiting for a sale. Keep a lookout when shopping in person too, since you already know what the items should cost.
3. Create a gift
You’re probably imagining the handmade ‘treasures’ you created for loved ones as a child, but fear not. You don’t have to be crafty to DIY a gift. Search online for inspiration.
A homemade gift could be something to eat, or a service. Offer to look after children so parents can get a night out, for example.
The same advice you heard as a child rings true now: a handmade gift almost always means more. There are lots of great ideas out there that don’t cost you a thing, but would mean the world to the recipient.
Markets and charity shops are full of wonders. It’s not unusual to find items that are still in their original packaging. Even better, you might stumble upon something that’s truly unique.
Just be sure to check any items to make sure they’re in good condition and that they have all the pieces.
5. Share giving
If you know that the perfect gift for someone is a bigger ticket item, consider joining forces. Team up with a sibling or a friend to tackle the larger expense together. It will mean a lot to the recipient to get what they really wanted, and to know that you worked together to make it happen.
6. You actually can regift
This one is a touchy subject for some, but it truly is okay to regift. If you have something that you haven’t used and it’s still in its original packaging, feel free to pass it along. You free up space in your home, and they receive something they need or want. It also produces zero waste.
Just make sure it’s in mint condition – and no matter what you do, don’t give it to the person who gave it to you!
7. Bring cash
When you do head out to the shops to pick up your gifts, bring the amount of cash left in your budget.
Leaving the credit card at home will make it impossible to overspend. It’s also easier to stay in check when you’re parting with physical money instead of tapping away with your card. Forget Apple Pay too!
8. Remember the spirit of the season
It’s an old saying, but it’s true. The reason we’re celebrating doesn’t have anything to do with material gifts. Ask anyone what they remember about a holiday and it rarely includes what they received. People remember who they spent the day with and the memorable events that happened.
With a bit of planning ahead you can stick to a budget this Christmas and still delight your family and friends. Take it a step further – see if you can come in under budget. With the cost of living higher than ever, that would be a truly wonderful gift to yourself.