Christmas - A Time to Forget About Money, Or Not?

As we roll through this holiday season, I think wehints at things that would make good gifts. Find
can all agree that it is a time for increasedthem on special, and you won't even have to put
spending for most of us. First, there are gifts tothem on your Christmas buying list in December.
be bought. Throw in any holiday parties you mightDecorations-do your best to hold on to your
be hosting. After that, you can throw in increaseddecorations from year to year. Store them
utility bills because of the weather and thesecurely and they should keep forever. I mean, is
Christmas lights in and around your house, and theit really necessary to go out and buy new
list goes on and on.decorations every year? How long is this stuff up,
Obviously, it is a time of year when we spendsix weeks at the most?
more money than normal.Parties-you should be able to find cheaper
During my struggle to get out of debt, this wasalternatives all the way around, without
always a time where I felt tempted to let mydisappointing your guests. Tempted to get a fruit
guard down. I mean, c'mon, it's Christmas, right?tray, or cheese tray or whatever tray from your
Who cares if you go out and buy the best foodlocal store? Why not grab a decorative plate, a
out there for your Christmas party, or let yourlittle leaf lettuce, buy the cheese/veggies/fruits
utility bills run wild because of the lights and theyourself, and save some loot? I have priced
cold weather? What's the difference if you justthese things out and you can save almost half by
go "nutso" on Christmas gifts, spending inordinatecutting the stuff up yourself.
amounts of money on gifts for family andAdditionally, if entertaining friends, consider making
friends?it a pot-luck type of thing. That lessens the load
Reason being because, first, it Christmas. It's thefinancially, and allows your guests to bring some
time of year to be in the spirit of giving, and whyof their own favorites.
not just forget about a budget you might be on,Beer/Wine/Liquor-Of course these are necessities
a credit card that might be getting away fromfor any party, but do you need to buy top-shelf
you, or anything else financially-related. Now is thestuff? I doubt anyone would mind if you
time of year to forget about it all and just havepurchased some middle-of-the-road brands
fun and be in the Christmas spirit. Because on topinstead. This can lead to major savings.
of everything else, that tax check is just a fewUtilities-don't run Christmas lights all night. Monitor
months away-we'll just pay everything off withyour thermostats. Better yet, already have your
that.house winterized (insulation, etc) before you even
This used to be my mindset. Until I decided thatget into the season.
enough is enough.Budget your gifts---Give yourself a limit and/or
So, am I advocating that we skimp on every littlebudget for what you'll spend on friends and family.
thing, micromanaging every extra purchase downSee how many you have to buy for and how
to the last penny till the last day of the holidaymuch you can spend on each. At least then you'll
season? Absolutely not. What I am saying is thathave a reference point.
let's not forget that most of us are on a budget,Entertainment-we found quite a few free light
most of us do not have an unlimited amount ofshows in local neighborhoods and even one at a
expendable income, and if we just keep a littlehospital. We decided against the one that cost
financial prudence and discretion somewhere in the$40 to attend. There are plenty of free things to
back of our minds, then we should be able toenjoy during Christmas.
lessen the burden just a little bit.Credit Card Bills-don't look at your tax return
I mean, why get that January financial hangovercheck as a bill paying option for your Christmas
every year, where we just can't believe thespending. With this mindset, of course you'll spend
money we spent and are scratching our headsmore than you would if you didn't have that
wondering how we're going to pay it off. Is thischeck coming. Rather, look at your return money
the memories you want for all holiday seasons toas extra income to invest and get it to start
come?generating income for you. You can dip into it a
While what I am about to give you is far from alittle, but start to view it as an investment vehicle
comprehensive list to impact your holidayrather than a fund to pay off all your holiday
spending, I think there are at least a few goodcheer.
ideas in there that you may find useful. Of course,I feel that I enjoy the holiday season with my
it's just about too late to do anything about thefriends and family as much as anyone. My family
money spent on gifts, but the holiday season isn'tgives out good gifts and we throw good parties. I
over with and there might still be some time forjust try to keep somewhere tucked away in my
us to keep our Christmas credit card bills fromhead the fact that all this stuff will have to be
going through the roof.paid for, and why not exercise a little restraint
Shopping-I try to buy as much during the year aswhile still partaking in all the festivities that
I can, so there are some things that I just don'tChristmas has to offer.
have to buy. It sounds more difficult than it reallyEnjoy your holiday season!! And I hope you found
is, but if you pay attention to your friends andthis helpful.
family throughout the year, they will give you