The Holidays are here. It’s time to start getting ready for the busy days of shopping and celebration. It’s easy to get carried away by the Holiday spirit. But with higher prices putting an extra strain on your budget it’s more important then ever to plan your holiday spending more wisely. Being a smart shopper will help you avoid a “Holiday Hangover” in January from extensive debt. Let the OG DUDE provide you with some tips in making the most of the dollars you spend this Christmas Season.
1) Make a List and Check It Twice: Making a gift list and a budget will help you avoid impulse spending.
2) Trim your Budget: Consider what is important to you. This way you can cut back unnecessary gift giving.
3) Sale Shopping: Due to a weak economy this year retailers will be promoting price cuts on inventory.
4) Choose Gifts With Value: Money is always a good value gift.
5) Resist Temptation: Do not open any store credit cards. You will pay later!
6) Recycling: Similar to what I do. Give away gifts that you received in the past that never got opened or can be sealed up real neatly. It is a good way of getting rid of junk.
As previously noted in an earlier lesson, the Christmas Season is a prime time for identity thieves. Make sure your credit card never leaves your sight and keep all receipts in your pocket, not in a shopping bag. The Christmas Season is a special time so be sure to enjoy it all month long. Be nice, be merry and don’t be dazzled by the twinkling lights.
Until the next lesson, “Stay Down.”
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