How to Christmas shop on a budget

Millions of Americans over spend on the holidays, and come January, we get sick when we see those bills from December. According to the National Retail Federation, American shoppers will spend just under $750 on average, on their holiday purchases this year.

But, according to a local financial advisor, you can still have a Merry Christmas without breaking the bank. You just have to be a little more like Santa and make a list. Certified Financial Manager, Coni Little says, "Be very specific and narrow it down. You don't have to buy for everyone and too, when you write that list, it helps you go, okay, this is all I need to do and maybe you won't overspend as much if you make the list."

She also says to set a budget limit for each person on that list, "If you have small children, say okay, I want to spend $50 or $100 per child. If you have small children, probably they're getting gifts from grandparents, aunts and uncles, so $100 or $50 is fine, even less than that, if your budget requires. But set a limit."

And then just like Santa, check that list twice. Little says, "Really sit down every week and look at how many people have I bought for and am I on track. That way each week, you can make little adjustments if you need to. And if you are worried about splurging, go ahead and set a splurge budget. But know, when you have spent that splurge budget, shopping stops."

Lloyd Hunt is shopping for his large family and he has other ideas. Hunt tells 12 News HD,

"We all get together for Christmas you know. We pull names. That way we don't have to buy so many gifts."

And he says to make it a fun family affair, "We may have a game night so what we do is get games or we may even just buy for the kids instead of for the adults."

But no matter how big or small your budget is, everyone can afford giving the gift of time. Little says, "Christmas is really about taking care of each other, it's not about how big the gift is."




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