The holiday season can take the best of us and turn it into a greedy consumer. Businesses use all the tricks to make us spend: tempting discounts, strategically placed star products, catchy music, and aggressive ads. Everything is orchestrated to make money.

Too much debt during the holidays

Too much debt during the holidays

Even with a well-defined budget and good intentions, it is very difficult to respect its true purchasing power. In addition, it is often tempting to have fun while shopping for others. This has the effect of doubling expenses. To have a chance not to get into too much debt during the holidays, you have to have a strategy.

Shop online. Make a list of gifts in the comfort of your home and then shop for the best prices online. If you can have it delivered so much, otherwise show up in store to pick up without walking down the aisles. Ask someone to do your shopping.

Follow the 10-minute rule

Follow the 10-minute rule

Give a list of gift ideas and money to a loved one to make your purchases for you. It is much more difficult to exceed the budget when it is not our money.Follow the 10-minute rule. You should always wait at least 10 minutes before checking out. These minutes will give you time to think twice about your purchase and avoid impulsive expenses.Use a prepaid credit card.

Challenge yourself 

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Deposit the amount of your budget on a prepaid credit card and make your purchases with this card only. Challenge yourself to make all your purchases without using your personal credit cards.Make your own gifts. Forget the department stores completely and take out your artistic side. A homemade gift should delight your loved ones if you put time and love into it.

Give the same gift to everyone. If you find a gift that can please everyone, not only will it make your holiday shopping easier, but it will also be easier to keep up with your budget.

Stay within your budget

Stay within your budget

Give gift cards. By giving gift cards you are sure to stay within your budget. If you find that gift cards lack thoughts, you could add a small gift that will make you smile. You could give a little board game, a particular CD / DVD or just a personal word.

The holidays are the source of many insolvencies in Quebec and Canada. Indeed, in January when credit card accounts are arriving, for many it’s the drop of water that makes the glass overflow. Avoid indebtedness this winter and stick to your budget.

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