“It’s the most wonderful time of the year…” or at least it used to be, but it’s hard to tell with a flat economy and unemployment on the rise. Christmas shopping for most will certainly not be what it’s been during previous years. Consumers have to be cautious of their budgets and focus on getting needs and not wants in these hard times. However, it’s important to not let the Scrooge (economy) steal you’re Christmas spirit. Below are five helpful tips to shopping during the recession:
- Have a “Shopping Account”: One of the biggest mistakes most people make every year is overspending. Instead of taking all your credit cards and having a large amount of money in your debit accounts; limit yourself. Take only the credit card(s) that you will not be able to max out. If you walk in with a limited budget you can’t go deeper into debt.
- Shop Online: This is a great way to save money! Retailers offer their internet customers free shopping and handling charges during the holiday season. Many retailers also have special coupons and sales that last throughout the holidays. You’ll also be saving on gas, money, and most importantly time!
- Go Alone: I have always made it my priority to never do Christmas shopping with friends/family. Studies show that shopping in groups persuades many to spend more than they usually would. Go shopping alone, with a set purpose, and you’ll come out with a smile.
- Making a List…: Another mistake that most consumers make is going holiday shopping without a Christmas list. Instead of just wondering around the store/mall, decide before hand what you’ll be purchasing for your loved ones. Without a list, it’s too easy to buy things you don’t really need or spend more than you intended. Make a list, check it twice, and stick to it like white on rice!
- Shop Smart: The most important thing to remember during times like these is to shop smart. Instead of purchasing gifts just because, buy things that your friends and family members can really use. Shop around for the best deals, negotiate with the retailers, and think before you swipe.
Good luck out there!
~Mia
{ 7 comments… read them below or add one }
I make the same mistake every year-shopping with people!
Good advice!
EXCELLENT
This is a direct violation of the rules set in the previous post, but I think taking advantage of post Christmas sales is a good way to stretch your funds a little further.
Disclaimer: Should be used when buying gifts for people you will not see on Christmas day. Otherwise, it would be tacky.
lolol at Lady D. Good advice tho as I head out for my last minute shopping!
It’s too late for this now but a heads up for next year:
Shopping early prevents you from making those panicked decisions that usually cost you more than if you had planned ahead.
lady d is hilarious. thanks for the tips mia.