Quick Tips for Affording the Best Christmas Presents on the Tightest of Budgets
November 29, 2011 by Karen In Category Finances
Christmas means giving, and of course children as well as friends and family often have expectations of gifts around this time of year. No doubt you want to give some beautiful and, let’s be honest, expensive gifts to everyone on your list as well.
However, times are tight for just about everyone these days, so having a gift list and being able to afford everything on that list can be two entirely different things. How can you manage all the items you want to buy this season?
First, be determined to stay out of debt. Running up your charge cards may be an easy solution but it’s an expensive one that stays with you for months, if not even years. Instead, consider more affordable alternatives. Start with a set list of items you want and then scour the papers for sales. Go online and search; you may be surprised at the better deals you get on electronics, clothes, and so on with online vendors than what you would pay at your neighborhood retail store.
Second, take advantage of arrangements like layaway or “90 days same as cash.” These can mean spreading out those payments without being charged interest. However, to avoid losing your items or getting charged a fee, make up a specific schedule of when payments are due and how much. This will keep you on schedule.
Remember too that some items can be purchased secondhand; jewelry, for example, rarely shows wear and tear and can look as good as new. Previously viewed movies or used video games can also be as good as new, if you take the time to shop around for the best choices available.