8 tips to avoid overspending this holiday season

Using gift cards and price-matching can help keep you on budget

The holidays often inspire lots of spending. Whether you’re shopping for presents, decorating your home or preparing a large meal, there are different steps you can take to keep your budget on track this holiday season.

Set a Budget

Setting a budget (and sticking to it) is the most important tip to avoid overspending this holiday season. Often times consumers have an unrealistic view of how much the gifts they want to buy will cost them. By setting a budget and using the tips to follow, you can maximize what you do plan to spend in order to get the most bang for your buck.

Make a List

Going to the mall can be dangerous territory when it comes to overspending. If you’re one of those shoppers (like myself, I might add) who gets pulled in by the new shiny items on the shelf, then making a list can be a lifesaver for you and your budget. Make an itemized list that details who you’re getting gifts for and what you are buying for them. Including your budget in your list can also make it easier for you to stick to not over spending. For example, if you know you plan to buy Aunt Kathleen a new sweater but only want to spend $30, put that on your list. This can help you avoid sweaters or other items that are out of your price range and keep you on track in terms of budget with other parts of your list.

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