It’s the time of the year where people tend to overspend on gifts. Although I am frugal, I tend to enjoy giving and typically overspend as a result. It also seems that as our incomes increase, the bigger the gifts we give. This year though, I tried a few things to reduce Christmas spending.
- I have a few siblings, so instead of giving gifts to each of them, we had a secret santa draw and had a price limit / person.
- We had a price limit on how much we would spend on the parents.
- We gave some baked goods as gifts (which my mother-in-law made). :)
- The killer is buying gifts for my wife, I always overspend on her regardless of our price limit. I can only imagine what it’s going to be like when we have kids.
Any of you frugal readers have any tips for giving at Christmas but staying reasonable to your credit card/wallet?
It’s too bad with all the boxing day sales that we couldn’t purchase the gifts after Christmas. I guess that would defeat the purpose. :)
Anyways, just a short blurb on some thoughts I had this morning. I hope you’re all have a wonderful Christmas! Have a good one.