Christmas Shopping On A Budget

Christmas Shopping On A Budget



Christmas Shopping on a​ Budget
Although most people enjoy the​ spirit of​ giving at​ Christmas time, it​ is​ also a​ fact that Christmas shopping can be a​ significant financial burden for​ many .​
This is​ especially true for​ those who have a​ large family or​ a​ large group of​ friends who regularly exchange Christmas gifts .​
Christmas shopping can also be a​ financial problem for​ those who feel compelled to​ purchase expensive gifts for​ each person on their list .​
However, there are ways to​ deal with the​ financial burden which often results from Christmas shopping .​
One of​ the​ ways to​ deal with this financial problem is​ to​ set a​ budget beforehand .​
Another way to​ deal with the​ financial stress of​ Christmas shopping is​ to​ shop throughout the​ year instead of​ all at​ once .​
This article will discuss the​ importance of​ setting a​ budget for​ Christmas shopping as​ well as​ how Christmas shopping can become less financially taxing by spreading out the​ Christmas shopping throughout the​ year.
Those who have concerns over the​ amount of​ money they will be spending on their Christmas shopping should consider setting a​ budget for​ their Christmas shopping before they begin their shopping endeavor .​
In order to​ begin the​ process of​ setting a​ budget for​ Christmas shopping, it​ is​ important to​ first create a​ list of​ all the​ people you intend to​ buy Christmas presents for​ this holiday season .​
This list should include all of​ the​ close friends and​ family members you typically purchase gifts for​ as​ well as​ any co-workers or​ employees you normally purchase gifts for, your mail carrier or​ your children’s teachers .​
You may also wish to​ budget for​ gifts donated to​ toy drives organized by charitable organizations if​ you typically contribute during these events.
Once you have your list of​ gift recipients there are a​ couple of​ ways to​ go about establishing a​ budget .​
Perhaps the​ simplest way is​ to​ decide how much you plan to​ spend on Christmas shopping and​ divide this amount by the​ number of​ gift recipients on your list .​
This will result in​ a​ budget in​ which you plan to​ spend the​ same amount of​ money on Christmas gifts for​ each person on your Christmas list .​
This type of​ budget strategy may be appropriate if​ you plan on purchasing similar gifts for​ everyone on your Christmas list but it​ may not work out well if​ you want to​ purchase something really special for​ a​ few of​ your closest friends or​ relatives.
Another strategy for​ establishing a​ Christmas shopping budget is​ to​ determine how much money you would like to​ spend and​ then divide the​ individuals into different categories .​
Some of​ the​ categories you might want to​ include are close friends and​ relatives, business associates, acquaintances and​ gifts which are purchased for​ people you do not know .​
Once you have all of​ the​ members of​ your list categorized you can determine the​ percentage of​ your total budget you would like to​ spend on each category .​
For example you might decide to​ spend 50% of​ your total budget on close friends and​ relatives, 25% of​ your total budget on business associates, 15% of​ your total budget on acquaintances and​ the​ remaining 10% on Christmas gifts for​ charity drives .​
Then you can use these numbers to​ determine the​ total amount of​ money you will spend on each category and​ divide that number by the​ total number of​ people in​ each category to​ figure out a​ dollar amount for​ each person on your Christmas list.
A final strategy for​ establishing a​ budget for​ your Christmas shopping is​ to​ start out by determining how much you plan to​ spend on some of​ the​ most important people on your gift recipient list .​
This will most likely include your closest relatives .​
Once you set dollar amounts for​ your closest relatives, it​ is​ time to​ divide up the​ remaining amount of​ money in​ your Christmas shopping budget .​
This can either be done arbitrarily by dividing the​ remaining amount in​ your budget by the​ number of​ people left on your list or​ you can continue to​ go through your list selecting a​ dollar amount for​ each person until you reach your budget .​
At this time if​ there are still people remaining on your list you will have to​ either reevaluate the​ dollar amounts you have already chosen or​ consider eliminating some people from your list .​




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