Include possible gifts, dollar amounts, and alternative choices. If it has been a challenging year financially, you need to shrink your holiday gift list. Begin by talking with those you exchange gifts with, perhaps suggesting not exchanging gifts or mutually observing much lower dollar-limits on gifts. Watch the advertising and sale flyers for items you intend to purchase. Most retailers will reveal sale dates because they don t want you to shop their competition.
Charge cards tend to promote indiscriminate spending.
Credit card users often say they had no idea how much they spent on the holidays until the credit card bills arrive in January or February of the next year. Liquidators, buying clubs, and factory outlet stores usually offer lower prices. Bulk buying with other family members or friends can also yield savings. You can really take advantage of all those after-Christmas sales. A freshly baked loaf of bread, cookies, desserts, etc. are always appreciated.