Arvind Upadhyay is one of India’s leading Business and Life Coaches for leading industrialists, Fortune 500 leaders, and celebrity entrepreneurs.
Here are a few tips to help you manage your holiday spending:
Make a budget: Before you start shopping, decide how much you can afford to spend, and stick to it. Make a list of all the people you need to buy gifts for, and set a budget for each person.
Shop early: Start your holiday shopping early to take advantage of sales and to avoid the last-minute rush. Plus, it can help you to keep your spending under control as you can spread the expenses over a longer period of time.
Compare prices: Shop around for the best prices before making a purchase. Check online retailers and compare prices at different stores.
Use cash or a debit card: Paying with cash or a debit card can help you stick to your budget, because you'll only be able to spend what you have. Avoid using credit cards, if possible, as they can make it easy to overspend.
Avoid impulse buying: Try to avoid impulse buying, which can add up quickly and blow your budget. Stick to your list and remind yourself of your budget, and give yourself time to think before making a purchase.
Be creative with gifts: Instead of buying expensive gifts, consider homemade gifts or experiential gifts such as a cooking class or concert tickets.
Track your spending: Keep track of how much you're spending, so you can adjust your budget accordingly. Make sure you have a full and detailed record of everything you spend so you can avoid overspending.
Shop online: Buying online can save you money, as you have access to a wider range of products and can take advantage of online-only deals.
By following these tips, you can help ensure that you stay within your budget and enjoy a stress-free holiday season.