Chestnuts are roasting on the open fire. Jack Frost is nipping at your nose. It’s the most wonderful time of the year. With wonderful time comes wonderful people who deserve wonderful gifts. These gifts, however, cost money and require navigating the murky waters of holiday shopping. Let’s unpack four insightful ways to approach your holiday spending.
It’s often been said that the more expensive the gift, the more it means. Can I shift your focus to another timeless saying instead? Quality over quantity. Buy gifts that are attached to memories and experiences rather than price. It will warm both your heart and the recipient.
This applies more so to shopping for holiday decorations. Search thrift shops and consignment stores for ornaments and decor. Roll up your sleeves and cut your own pine branches, magnolia, or holly. Don’t forget about dollar stores as another alternative to purchase customized gift wrapping. This strategy is a budget friendly way to showcase creativity.
Physical items don’t have to be the only thing we purchase for others. Food is just as pleasant (if not more) as gifts. Bless someone with your famous homemade baked cookies. Make an entire container of hot chocolate or egg nog for family, friends, and co-workers. Kind gestures are more treasured than anything you can wrap!
Too many people get carried away spending during this time of year. Consider not using credit cards this season so that you’re not tempted! According to Drazen Prelec and Duncan Simester, people are willing to spend as much as 83% more, in some cases, when paying with a credit card instead of cash. Throw in brilliant marketing, pressure sales, plus the emotions of the holidays, and you’ve got a ticking time spending bomb on your hands.
Now that you’ve gotten some great insight on holiday spending, it’s time to put it into action. Based on the the above, what do you need to act on? What do you need to change? What do you need to teach or share with someone else? Oorah!