Now come on, own up – are you one of those people who are 'caught out' by the arrival of Christmas every year and find that they don't have the money to pay for it? Do you get to the week before Christmas, realize you haven't bought a single gift and then have to put everything on your credit card? Maybe money is in short supply this year, or you feel that Christmas spending has been getting totally out of control over the last few years and you would like to try to rein in your expenses this year.
This week, I will be sharing some hints and tips that may be useful (and if some of them are too late for this year, you could use them to get a head start on Christmas 2006).
Tip 1 is:
Set a spending limit
If you are short of money this year (or if you feel that spending on gifts is spiralling out of control), agree with your friends and family to set a 'spending limit' for gifts. If you all agree that no-one will spend more than, say, £10 or £15, a great deal of financial pressure will be taken off you. Most people have their own financial challenges at Christmas and will be more relieved and ready to agree to this than you think. An added advantage is that you will know the likely cost of Christmas and can budget and save accordingly.
Come back tomorrow for Tip 2...
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