Holiday Gift Giving on a Budget
With the economy tanking like it is, it’s no wonder that shoppers everywhere are tightening their purse strings and slashing their holiday budgets. But that doesn’t mean you can’t spread some Christmas cheer all around. Here are some ways you can stretch your budget and still give unique, thoughtful presents to the people you care about most:
1) Know before you go. Start your gift-giving season my making a list and checking it twice. If you know exactly who you’re getting presents for and how much you want to spend, you’re less likely to succumb to panic buys or impulse buys.
2) To clamp down on overspending, consider getting together with family members and setting some limits on the kinds of gifts you buy for each other:
* Set a dollar limit — $10, $20
* Set a category limit — For example, declare 2008 to be the Year of the Book or the Great Cookie Exchange.
* Set an age limit — Give presents only to family members under 18.
* Set a person limit — Take a cue from your office Secret Santa; each family member draws just 1 gift recipient from out of a hat.
Who knows, you could start a new family gift-giving tradition that saves you (and your entire family) some money every year.
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