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How Not To Overspend On Your Christmas Shopping

How Not To Overspend On Your Christmas Shopping
Christmas shopping

    Christmas – it’s the lovely time of the year again; the time for giving and sharing of gifts with family and friends. As much as we want to celebrate and be jolly during this festive season, we want to make sure that we are careful about spending so that we don’t spoil the festive mood.

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    From past years’ experiences, my challenge with Christmas shopping has always been overspending. Retailers are really good at running promotions and coming up with the latest gift ideas to entice shoppers to spend more money than I really want to. Once at the shopping mall, I’m just constantly bombarded with opportunities to buy, buy, buy… Without realizing it, multiple small purchases accumulated into big amounts which gave me a big shock when the credit card bill came later.

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    This year, I’m going to be prepared for my Christmas shopping by have a shopping list and budget before I head down to the mall.

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    Here are some tips to prevent overspending and bursting your pockets this Christmas:

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    1. Have a list – List the people who you are going to buy a Christmas gift for. This is a good place to start as the exercise will help you see the ‘magnitude’ of the shopping you need to do. Here are some of the people who you will probably include in this list:
      • Family.
      • Close friends.
      • Colleagues.
      • Gift exchanges for Christmas parties.
    2. Think of a gift – For each person in the list, think of a suitable gift that you will like to buy for him/her. If you are not very sure at this point, have a few potential items listed so that you at least have something in mind when you are in the mall.
    3. Start a budget – For each gift, estimate how much you would spend on that gift. Total the prices for all the gifts you have listed and that’ll be your budget. If you have a few possible items listed for one person, use the price of the most expensive item to calculating the budget. You want to make sure you are prepared for the worst case scenario. Take a look at the total. Is this budget affordable? If not, you may have to review step 2 and 3 until you have a final budget that you are comfortable with.
    4. Do online research – A good way to check if your budget is realistic is to do some online research before you actually head down to the mall. Not only is this a good way to gather gift ideas and market rates, it also saves you time and energy you would waste going to the crowded mall simply for research purpose. Here are some great sites to start you off:
      • Amazon.com – the grandfather of online shopping for books, electronics, CD/DVD for music and movies. Now, it even includes apparel, jewelry, tools and sports gears.
      • Ikea.com – I get great ideas for cheap home furnishing gifts here.
      • Overstock.com – Covers a wide range of gift ideas, and offers gifts by budget ranges from under $25 to above $100 (only US shipping destinations).
      • Bizrate.com – Great site for price research as it aggregates catalogues from many online retailers into one site. When making actual online purchase, you will be redirected to the online retailer’s site.
    5. Do your shopping – Here’s where the real action starts. Get down to the shopping mall or go to online stores to do your shopping. Retailers like to run promotions during the Christmas season to encourage consumer spending. At the malls, be prepared to be tempted by irresistible offers and promotions. Having the shopping list and budget in hand will certainly help you stay focused. You are less likely to get distracted into opportunistic shopping which will result in you bursting your pockets.
    6. Review actual spending against budget – For each actual purchase that you make, update your budget with the actual money spent. If you have burst your budget on some items, then you’ll have to lower the spending on other items to make up for the differences. Likewise, if you make some savings on certain items, then you’ll have more slack to play with on other items. Keep doing this for the entire shopping list and you will be able to constantly track your actual spending against your budget. This is vitally important to help you keep within your shopping budget.

    I have included a sample budget in Excel to get you started on budgeting for your Christmas shopping. You can download Christmas shopping budget template here.

    It does take some upfront efforts to plan your Christmas shopping. However, the effort will allow you to shop with focus and saves you time and money later on. With the above tips, I hope you will enjoy a guilt and worry free holiday. There will not be any nasty surprises when the January bill comes in as you know very well how much you have spent. Have a joyous and enjoyable shopping experience!

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    Last Updated on October 30, 2018

    How to Motivate Yourself: 13 Simple Ways You Can Try Right Now

    How to Motivate Yourself: 13 Simple Ways You Can Try Right Now

    Who needs Tony Robbins when you can motivate yourself? Overcoming the emotional hurdle to get stuff done when you’d rather sit on the couch isn’t always easy. But unless calling in sick and waking up at noon have no consequences for you, it’s often a must.

    For those of you who never procrastinate, distract yourself or drag your feet when you should be doing something important, well done so far! But for the rest of you, it’s good to have a library of motivational boosters to move along.

    Whether you’re starting a buisiness, trying to los weight or breaking a bad habit, you’ll learn how to motivate yourself with different techniques in this article.

    13 Simple Ways to Motivate Yourself Right Now

    Despite your best efforts, passion, habits and a flow-producing environment can fail. In that case, it’s time to find whatever emotional pump-up you can use to get started:

    1. Go back to “why”

    Focusing on a dull task doesn’t make it any more attractive. Zooming out and asking yourself why you are bothering in the first place will make it more appealing.

    If you can’t figure out why, then there’s a good chance you shouldn’t bother with it in the first place.

    2. Go for five

    Start working for five minutes. Often that little push will be enough to get you going.

    3. Move around

    Get your body moving as you would if you were extremely motivated to do something. This ‘faking it’ approach to motivation may seem silly or crude but it works.

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    4. Find the next step

    If it seems impossible to work on a project for you, you can try to focus on the next immediate step.

    Fighting an amorphous blob of work will only cause procrastination. Chunk it up so that it becomes manageable. Learn how to stop procrastinating in this guide.

    5. Find your itch

    What is keeping you from working? Don’t let the itch continue without isolating it and removing the problem.

    Are you unmotivated because you feel overwhelmed, tired, afraid, bored, restless or angry? Maybe it is because you aren’t sure you have time or delegated tasks haven’t been finished yet?

    6. Deconstruct your fears

    I’m sure you don’t have a phobia about getting stuff done. But at the same time, hidden fears or anxieties can keep you from getting real work completed.

    Isolate the unknowns and make yourself confident, you can handle the worst case scenario.

    7. Get a partner

    Find someone who will motivate you when you’re feeling lazy. I have a friend I go to the gym with. Besides spotting weight, having a friend can help motivate you to work hard when you’d normally quit.

    8. Kickstart your day

    Plan out tomorrow. Get up early and place all the important things early in the morning. Building momentum early in the day can usually carry you forward far later.

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    Having a morning routine is a good idea for you to stay motivated!

    9. Read books

    Read not just self-help or motivational books but any book that has new ideas. New ideas get your mental gears turning and can build motivation. Here’re more reasons to read every day.

    Learning new ideas puts your brain in motion so it requires less time to speed up to your tasks.

    10. Get the right tools

    Your environment can have a profound effect on your enthusiasm. Computers that are too slow, inefficient applications or a vehicle that breaks down constantly can kill your motivation.

    Building motivation is almost as important as avoiding the traps that can stop it.

    11. Be careful with the small problems

    The worst killer of motivation is facing a seemingly small problem that creates endless frustration.

    Reframe little problems that must be fixed as bigger ones or they will kill any drive you have.

    12. Develop a mantra

    Find a few statements that focus your mind and motivate you. It doesn’t matter whether they are pulled from a tacky motivational poster or just a few words to tell you what to do.

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    If you aren’t sure where to start, a good personal mantra is “Do it now!” You can find more here too: 7 Empowering Affirmations That Will Help You Be Mentally Strong

    13. Build on success

    Success creates success. When you’ve just won, it is easy to feel motivated about almost anything. Emotions tend not to be situation specific, so a small win, whether it is a compliment from a colleague or finishing two thirds of your tasks before noon can turn you into a juggernaut.

    There are many ways you can place small successes earlier on to spur motivation later. Structuring your to-do lists, placing straightforward tasks such as exercising early in the day or giving yourself an affirmation can do the trick.

    How to Stay Motivated Forever (Without Motivation Tricks)

    The best way to motivate yourself is to organize your life so you don’t have to. If work is a constant battle for you, perhaps it is time to start thinking about a new job. The idea is that explicit motivational techniques should be a backup, not your regular routine.

    Here are some other things to consider making work flow more naturally:

    Passion

    Do things you have a passion for. We all have to do things we don’t want to. But if life has become a chronic source of dull chores, you’ve got a big problem that needs fixing.

    Not sure what your passion is to get you motivated? This will help you:

    How to Get Motivated and Be Happy Every Day When You Wake Up

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    Habits

    You can’t put everything on autopilot. I’ve found putting a few core habits in place creates a structure for the day.

    Waking up at the same time, working at the same times and having a similar productive routine makes it easier to do the next day.

    This guide will be useful for you if you’re looking to build good habits:

    Understand Your Habits to Control Them 100%

    Flow

    Flow is the state where your mind is completely focused on the task at hand. While there are many factors that go into producing this state, having the right challenge level is a big part.

    Find ways to tweak your tasks so they hover in that sweet spot between boredom and maddening frustration.

    Easily distracted and hard to focus? Here’s your solution.

    Final Thoughts

    With all these tips I’ve shared with you, now you know what to do when you’re feeling unmotivated.

    Find your passion and develop a positive mantra so when the next time negativity hits you again, you know how to stay positive and motivated!

    Featured photo credit: Pexels via pexels.com

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