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How to Avoid the Holiday Shopping Hangover

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According to a recent survey by Mobilicity, 58 per cent of Canadians say they spend more than they should during the holidays and a further 59 per cent find themselves making impulse purchases”.

It is so easy to get caught up in the moment of Christmas and over spend. Here are a few tricks I use to make sure that I don’t have a holiday shopping hangover in January!

  • Make a list and check it twice – Before I start my Christmas shopping, I make a list of everyone I have to buy for. I then make notes of ideas I have for what to buy them. As I find things, I put a star beside them. That makes it easy to see what has been purchased for each person. Otherwise it is too easy to lose track and end up with 10 presents for one person and nothing for anyone else.
  • Set a budget  – I know this one seems like a bit of a “duh” one but it really works. Sit down and figure out how much you have to spend and then determine how much that means per person. If it seems low, make sure you have to buy for everyone on your list.
  • Cut down on gifts outside your family – This might not work for you but it does for me. I love my friends and they know it. However, I don’t buy them gifts. Why? Because I don’t need or expect anything from them. I find that it is easy to get sucked into the “I must buy a gift because they bought one for me” vortex. Don’t go down that rabbit hole. It makes it much easier to stay on budget.
  • Give gifts that you can make – I give my coworkers/neighbors/etc cinnamon rolls for Christmas. They are inexpensive to make and everyone loves them. I’ve also made banana bread, jam, apple butter, etc as gifts.
  • Give experiences instead of “stuff” – Your family loves you. They want to spend time with you way more than they want stuff. Often these experiences can be inexpensive or would be things that you would end up spending money anyway. A day at the movie with Mom is a great gift that any kid (or husband/sister/friend) would love to get.
  • Keep up with the costs of all parts of Christmas – That includes groceries for dinner, wrapping paper, stocking stuffers, etc. It’s easy to overspend on those items if you don’t track it. Pre-buy grocery items in the weeks/months ahead when you see them on sale and to spread out the expenses a bit.
  • Save up for Christmas – It’s too late for this suggestion this year but come January, start putting away a bit every month for Christmas shopping. Next year you will have a guilt free Christmas fund. Merry Christmas to you!

And my number one suggestion….remember, Christmas is about spending time with your friends and family not gifts. Don’t feel like you have to keep up with anyone else’s Christmas spending to make the season bright.

This content was brought to you by Mobilicity. With no contracts or hidden fees and year round unlimited data, talk and text, Mobilicity is about providing a better wireless experience, not an expensive one. Visit Mobilciity.ca to find out more!

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