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Tag Archives: spending too much at Christmas

5 Reasons Why People Spend Too Much Over The Holidays

Don't overspend at Christmas

It’s almost Thanksgiving and after that, only a few short weeks until Christmas. Stores are gearing up for the mad rush we call holiday shopping, hoping the last 6 weeks of the year will keep them in the black. My big wish for everyone this holiday season is to keep your own budget in the black. How many of you have started a new year with less money or more bills that you planned? Here are 5 reasons why I think people spend too much money over the holidays and how you can avoid the traps retailers use to get more of your hard earned money. 1) Credit This was always our Achilles Heel at Christmas or really anytime we went shopping. If we didn’t have the money, it didn’t matter. It’s so easy to get caught up in the moment, swipe the card, and not think about it until the bill comes next month. To avoid overspending, set a limit for gifts and once you’ve hit the limit, stop. If you can’t be trusted with credit cards, shop with cash or purchase gift cards in the amount you can afford. Once the money is gone, it’s impossible to overspend. ...

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