Cut Holiday Costs without Cutting Value
November is a good time to talk about money. Why? Because during November and December, people spend on travel, gifts, and food at a rate of three to four times their ordinary rate of spending. The result is that many people end the holiday season in January with a profound sense of loss—in the pocketbook.
- Instead of cooking everything for your holiday parties yourself, invite guests to bring a dish, dessert, or drink they can share with others. Coordinate so that you don’t get too many cookie plates and too few main dishes.
- Think of high-value gifts that don’t cost a lot. A gift basket filled with low-cost, but fun items is a big hit.
- When someone in your life has expensive tastes, see if you can get relatives to share the cost, and that can be their gift. A 14 year old boy would probably prefer to get one new Xbox from four relatives than get four separate gifts of clothes and books.
- Make your own decorations instead of buying them. Google DIY Christmas (or whatever holiday you prefer) Decorations, and you’ll get tons of ideas!
Your Consultant For Life