
It’s that time of year. Time for pine trees, colored lights, decorations, mistletoe, eggnog, hot chocolate, and shopping. While shopping may not seem to ooze “Christmas spirit,” the feeling of Christmas can often permeate shopping habits. It’s been proven that people tend to overspend at Christmastime for the simple fact that it’s the most “feel-good” time of the year.
According to a recent study by Roy Morgan Research, around 60% of people dislike Christmas shopping, 20% percent plan their shopping expeditions ahead of time, and the majority of us (nearly 75%) often come home without a single purchase for our efforts. This can cause some stress during what is supposed to be one of the most joyful seasons of the year!
Here are a few stress reduction strategies for successful Christmas shopping as presented by the Victorian government of Australia (and some of my own tips peppered in as well):
1. Make a list of all the gifts you wish to buy before you go shopping. If you wait for inspiration to strike, you could be wandering aimlessly around the shopping center for hours.
2. Combine gifts if at all possible. Rather than buying your parents something separately, get them something they’ll both enjoy (digital picture frame, gift card to their favorite restaurant, etc).
3. If possible, do your Christmas shopping early—in the first week of December or even in November. Some well-organized people do their Christmas shopping gradually over the course of the year, starting with the post-Christmas sales.
4. Buy your gifts by catalog or online. Some companies will also gift-wrap and post your presents for a small additional fee.
5. If you feel the urge to buy a gift while in the store, pick it up and carry it around the store with you. Then right before you check out, re-evaluate your purchases, setting aside things that are unnecessary.
6. If you tend to impulse buy, visit the store without your wallet but with only a pen and paper. Write down everything you see that you would like along with notating their prices. Take the paper home and compare prices online.
7. Before you go out shopping, take some time to take an inventory of your finances. Write down every bill you will face in December—house payment, car payment, groceries, phone payment, etc. Then figure out how much income you will receive (remember that if you are taking time off for the holidays, you may not get paid those days). Then figure out how much “extra” money you will have left over to spend on gifts.
8. Hide your credit cards. A good rule of thumb is, “If you don’t have it, don’t spend it.” Of course, if you don’t have a problem overspending or overcharging, you can carry your credit cards, but be wary of using them for Christmas gifts.
9. Don’t go overboard. I’m sure grandma would be just as happy with a picture album of your family rather than that $250 iPod. You can’t buy love, because it often comes in cheaper, more meaningful gifts.
10. Get creative. For your friends, buy some Christmas mugs and fill it with a couple individualized hot cocoa packets and a candy cane. Or bake Christmas cookies, wrap them in cellophane, and tie Christmas ribbon around it. There are many inexpensive ways to give gifts as long as you’re creative.
11. And last, always rethink your purchases before buying them. Ask: Do I need this? Can I get it cheaper somewhere else? Can I get them a better/less expensive gift? Can I combine gifts?
Make this Christmas season a one of joy and memories, not discouragement and regret. Have a plan and work that plan and I can assure you, you’ll not only be happy to see the smiles of your family opening their gifts but will be smiling yourself at the money you saved.
Happy Christmas Shopping!