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Christmas Planning

October 14th, 2010 at 04:15 pm

The holiday season is just around the corner, and I'm freaking out! Last year, my husband and I overspent our budget for christmas shopping by $400. I want to make sure it doesn't happen again.

My question to everyone is how do you keep from overspending, and how much is acceptable to spend on each child for christmas?

Posted in Spending money , Advice | 2 Comments »

2 Responses to “Christmas Planning”

  1. creditcardfree Says:
    October 14th, 2010 at 05:26 pm 1287077161
    1287077161

    I plan for Christmas by making a list of those I want/need to buy for. I assign each person a dollar limit based on what I have available to spend. And then I shop with store coupons and sales looking to make the dollars go as far as possible.

    I do spend the most on my children, but they have a limit too. There is no one acceptable amount but spending hundred of dollars on a young child is completely unnecessary.

  2. Jerry Says:
    October 15th, 2010 at 08:30 am 1287131429
    1287131429

    I think that looking for gifts on sale throughout the year leads to some insurance of fiscal (and emotional) sanity as the holidays approach. I try to keep an eye out even in the Spring for things that will make nice gifts at a great price. The individual spending amounts will vary by family, but I think it is far better to keep things under control - if kids come to view Christmas only as a gift extravaganza, and not as time that is special (whether for family, cultural, or religious reasons), then it cheapens the holiday, in my opinion.
    Jerry

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