Best Guide to Control Your Holiday Spending

The holidays are just around the corner. Is your wallet already smelling carnage? According to the National Retail Federation, the average American spends over $1,000 during the holiday season. If you do not have this saved in cash, it is time to think about budgeting so you do not go into debt. Below are some best tips on how to control your holiday spending and make the best of the season.

1. Start with a holiday spending limit.
How much money can you afford to spend? Set limits and shop with only what can safely come out of your bank account. The money you spend on holiday gifts should not come out of your budget for bills. If you do not have savings to pull, use money that you would normally spend elsewhere, for example, on your morning latter, lunch out., or clothing allowance for the month. Setting up a realistic budget early is the best way to avoid racking up the credit.

2. Write your own Nice List.
You do not have to buy presents for the whole world. This is the job of Santa Claus. Take note of your Nice List and trim it in a way that it meets your holiday budget. For the rest of the people you know, you can bake some cookies or hand out chocolates to spread holiday cheer without blowing your bank account.

3. Start collecting coupons.
On top of sales, coupons will help you buy gifts on a budget. Before you shop, do a quick web search for coupon codes for your favorite online stores or comb your mail for coupons for your favorite brands. Savings of $10 to $100 can happen just by patiently collecting coupons. It will make a big difference.

4. Buy personalized gifts.
Thoughtful gifts outweigh expensive gifts everytime. If a person does not have any use for your present, it does not matter how much it costs! Take a moment to think about what the people on your list needs and look for spot on gifts that they will truly appreciate and use this holiday and beyond.

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