Keeping Last-Minute Holiday Spending Under Control
With all merriment of the fast-approaching holidays, it's easy to let the last minute shopping get away from you. You've seen the footage on the news and even been in the middle of it. You stood in the lines, and circled the parking lots for that elusive spot. Holiday shopping can be downright madness at times; in fact, you don't need to even get in your car and go to the mall to feel the pressure and urges, a half hour with your laptop or tablet can put you in the same frame of mind.
But how do you keep your spending under control, whether at the local shopping mall or at home? Here are some tips:
1. Take a step back: Assess your finances and your budget. Make a list of what's left to buy and who needs a gift. Once you have set a dollar limit that you think is manageable, try to spend less than that. If you need to exchange a gift for something more thrifty, do it now.
2. Identify potential hidden costs and take measures to eliminate them. Shopping online presents an interesting alternative for the last minute holiday shopper, but is not without its financial drawbacks as well. Last minute shipping and handling costs can turn what may seem to be a dream last-minute bargain into an expensive nightmare. Last minute gift cards can be easily tucked into a holiday envelope and mailed first class.
3. Don't allow the stress of last-minute shopping allow you to get sucked into last minute markups. Especially if you've been good all along, don't blow your budget on a very spendy last week. That's like blowing your diet on dessert.
Read on. . .
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