Christmas is almost here and so is that long-standing tradition of exchanging gifts. Shops will be creating a festive atmosphere and displaying all sorts of treasures. Keeping Christmas affordable amidst all this temptation can be a real challenge. There are several strategies, however, that can be used to save money this year.

Make a Budget

Determine the total amount of money available for gifts. Be realistic, taking income and all expenses into consideration. Commit to spending cash only. The goal is to save money, not roll expenses into the next year by incurring debt. Decide what you can comfortably afford and stick with it. (more…)