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Christmas and Savings

Written By: admin on November 10, 2009 One Comment

Christmas time is for Christians a religious holiday, but for them and also for many others it is also the time of the year when lots of debt is created. Shopping for presents is one of the reasons but also it is the time of the year when you are most likely to indulge and buy something that you wanted for so long, and resisted it because you were on the cautious side and you knew that you don’t really need it. At Christmas time you are most likely to spend more than you can afford and it can lead to a serious wake up call at the beginning of the next year. How can you save at Christmas time?
1. Make an early Christmas shopping
Don’t wait until everybody else starts shopping too. Make a list of presents and buy everything that you can as early as possible. Not only will it save you money, it will also save you time because shops and streets will not be crowded.
2. Make a list
Universal advice for every recovering shopaholic. A list is your friend and you have to make one. Respect your list and don’t buy anything that is not on the list and you will be just fine.
3. Enjoy other activities
Shopping is not the only activity available during Christmas time. Do something else that you love, and you will stay away from the financial trouble!
4. Don’t succumb to peer pressure
It doesn’t matter what other people are buying, or what your neighbor has bought. It has nothing to do with you. Build your confidence and don’t let other people make you spend more than you can afford. Know your limits and don’t let anybody ruin your holiday time. Have fun!
5. Make the plan for the next year
Christmas time is not only the time when you are most likely to go shopping like crazy, it is also the time when you can really take your spending under control. If you feel like you should go shopping and spend more money than in any other time of the year, I know a cure. Make a plan for the next year, and you will see where you stand financially. If you still feel like splurging even after you make the 2010 plan, then you can go shopping freely! When you see your financial situation you will be able to take control of your spending and make a plan for the financially stable future.

One Response to “Christmas and Savings”

  1. lotty says on: 12 November 2009 at 6:07 pm

    that is a good advice chalie.
    will hold on fast to it. take care.

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