As I mentioned in my recent post about love, gift giving is my love language. I show my love by sending the most thoughtful gifts to those I love. I must say I’m quite good at it.
But there’s just one little problem.
Things can get, well, a little out of hand.
It’s so easy to get caught up with the gift-giving spirit of the season, and the catchy Christmas carols don’t exactly help…Santa honey one thing I really do need, the deed to a platinum mine…or I want a hippopotamus for Christmas…or all I want for Christmas is my two front teeth…or all I want for Christmas is you…
You get the idea. Whether it’s your Instagram feed or your friends or the displays at the store, everywhere you look, you are prompted to want something or buy something. Charge it and pay for it later.
I’m not saying gifts are bad. But really, do your loved ones and friends want you to blow out your budget on things you can’t afford? Probably not.
This year, make a plan and stick to it. My friend and financial sherpa Peggy Doviak, whose book has been helping the Chairman and I get a handle on our finances, shares a few ideas on how to make this the best Christmas ever without breaking the bank.
We had such a great response from Peggy’s last post on planning for retirement, I wanted to bringing her back to shower us all with her bright, shining financial wisdom.
Here’s what she had to say.
The Best Christmas Ever
Do the upcoming holidays fill you with joy or dread? Are you already wearing cozy holiday sweaters, drinking hot cocoa, and watching Hallmark movies? Or do you find yourself wondering whether Scrooge was right, and we really should be boiling people in their own plum pudding?
I think money is one of the leading causes of holiday stress for people. We want to create the perfect event, and we try not to think of the bill that will arrive in the mail around January 15th. Well, here’s the good news—it’s possible to have a great holiday season and stay out of debt. Planning ahead, being willing to spend hours rather than dollars, and knowing how to say “no” can help you have a wonderful, prosperous December. continue reading