Photo courtesy of Alice J-T
Sure, Christmas is still more than two months away, but since budgets are tight this year planning is even more important. Gift giving can get extremely expensive. However, with some preparation you’ll know exactly how much you have to spend on each person on your list.
Make a List
No, this is not a list of what you want for Christmas. It’s a list of who you plan to buy gifts for. Include everybody– whether the gift is small or large.
Get Ideas
Generate a few ideas for each person on your list. Would they like an iPod? A sweater? A magazine subscription? Come up with some gift possibilities for each person.
Estimate Cost
Now that you’ve got an idea of what a good gift might be, estimate how much that will cost. Do a little online research to find out what you could be spending to buy that gift.
Make a Budget
Add up those estimated costs for all of the gifts you want to buy. Does the number scare you? Then try brainstorming lower cost gifts. Come up with homemade ideas for some of the people on your list. Get that number down to something you can afford.
Save, Save, Save
You’ve got a budget so now is the time to start saving. Planning ahead means you won’t face unexpected gift expenses. The important part is setting aside some extra money each week or month so that you’ll be able to Christmas shop without the stress.
Start Shopping
Carry that gift list with you from now until Christmas. Keep an eye out for sales or bargains that include the items you’re looking for. Since you’re not waiting until the last minute you can keep your eye out for the best deal possible.
