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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 February 20, 2019

    How to Get Promoted When You Feel Stuck in Your Current Position

    How to Get Promoted When You Feel Stuck in Your Current Position

    Are you stuck in the same position for too long and don’t really know how to get promoted and advance your career?

    Feeling stuck could be caused by a variety of things:

    • Taking a job for the money
    • Staying with an employer that no longer aligns with your values
    • Realizing that you landed yourself in the wrong career
    • Not feeling valued or feeling underutilized
    • Staying in a role too long out of fear
    • Taking a position without a full understanding of the role

    There are many, many other reasons why you may be feeling this way but let’s focus instead on getting unstuck.

    As in – getting promoted.

    So how to get promoted?

    I’m of the opinion that the best way to get promoted is by showing how you add value to your organization.

    Did you make money, save money, improve a process, or some other amazing thing? How else might you demonstrated added value?

    Let’s dive right in how to get promoted when you feel stuck in your current position:

    1. Be a Mentor

    When I supervised students, I used to warm them – tongue in cheek, of course – about getting really good at their job.

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    “Be careful not to get too good at this, or you’ll never get to do anything else?”

    This was my way of pestering them to take on additional challenges or think outside the box, but there is definitely some reality in doing something so well that your manager doesn’t trust anyone else to do it.

    This can get you stuck.

    Jo Miller of Be Leaderly shares this insight on when your boss thinks you’re too valuable in your current job:[1]

    “Think back to a time when you really enjoyed your current role. I bet there was a time when this job was a stretch for you, and you stepped up to the challenge and performed like a rock star. You became known for doing your job so well that you built up some strong “personal brand” equity, and people know you as the go-to-person for this particular job. That’s what we call “a good problem to have”: you did a really good job of building a positive perception about your suitability for the role, but you may have done “too” good of a job!”

    With this in mind, how do you prove to your employer that you can add value by being promoted?

    In Miller’s insight, she talks about building your personal brand and becoming known for doing a particular job well. So how can you link that work with a position or project that will earn you a promotion?

    Consider leveraging your strengths and skills.

    Let’s say that project you do so well is hiring and training new entry level employees. You have to post the job listing, read and review resumes, schedule interviews, making hiring decisions, and create the training schedules. These tasks require skills such as employee relations, onboarding, human resources software, performance management, teamwork, collaboration, customer service, and project management. That’s a serious amount of skills!

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    Is there anyone else on your team who can perform these skills? Try delegating and training some of your staff or colleagues to learn your job. There are a number of reasons why this is a good idea:

    1. Cross-training helps in any situation in the event that there’s an extended illness and the main performer of a certain task is out for a while.
    2. In becoming a mentor to a supervisee or colleague, you empower then to increase their job skills.
    3. You are already beginning to demonstrate that added value to your employer by encouraging your team or peers to learn your job.

    Now that you’ve trained others to do that work for which you have been so valued, you can see about re-requesting that promotion. Be ready to explain how you have saved the company money, encouraged employees to increase their skills, or reinvented that project of yours.

    2. Work on Your Mindset

    Another reason you may feel stuck in a position is well explained by Ashley Stahl in her Forbes article. Shahl talks about mindset, and says:[2]

    “If you feel stuck at a job you used to love, it’s normally you–not the job–who needs to change. The position you got hired for is probably the exact same one you have now. But if you start to dread the work routine, you’re going to focus on the negatives.”

    In this situation, you should pursue a conversation with your supervisor and share your thoughts and feelings. You can probably get some advice on how to rediscover the aspects of that job you enjoyed, and negotiate either some additional duties or a chance to move up.

    Don’t express frustration. Express a desire for more.

    Share with your supervisor that you want to be challenged and you want to move up. You are seeking more responsibility in order to continue moving the company forward. Focus on how you can do that with the skills you have and will develop with some additional projects and coaching.

    3. Improve Your Soft Skills

    When was the last time you put focus and effort into upping your game with those soft skills? I’m talking about those seemingly intangible things that make you the experienced professional in your specific job skills:

    An article on Levo.com suggests that more than 60 percent of employers look at soft skills when making a hiring decision.[3]

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    You can bone up on these skills and increase your chances of promotion by taking courses or seminars.

    And you don’t necessarily need to request funding from your supervisor, either. There are dozens of online courses being presented by entrepreneurs and authors about these very subjects. Udemy and Creative Live both feature online courses at very reasonable prices. And some come with completion certificates for your portfolio!

    Another way to improve your soft skills is by connecting with an employee at your organization who has the position you are seeking.

    Express your desire to move up in the organization, and ask to shadow that person or see if you can sit in on some of her meetings. Offer to take that individual out for coffee and ask what her secret is! Take copious notes and then immerse yourself in the learning.

    The key here is not to copy your new mentor (think Jennifer Jason Leigh in “Single White Female.” Just kidding). Rather, you want to observe, learn and then adapt according to your strengths. And don’t forget to thank that person for their time.

    4. Develop Your Strategy

    Do you even know specifically WHY you want to be promoted anyway? Do you see a future at this company? Do you have a one year, five year, or ten year plan? How often do you consider your “why” and insure that it aligns with your “what?”

    Sit down and do an old-fashioned Pro and Con list. Two columns:

    Pro’s on one side, Con’s on the other.

    Write down every positive aspect of your current job and then every negative one. Which list is longer? Are there any themes present?

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    Look at your lists and choose the most exciting Pro’s and the most frustrating Con’s. Do those two Pro’s make the Con’s worth it? If you can’t answer that question with a “yes” then getting promoted at your current organization may not be what you really want.

    The two most important days in your life are the day you are born and the day you find out why. –Mark Twain

    Mel Carson writes about this on Goalcast that many other authors and speakers have written about finding your professional purpose.[4]

    Here are some questions to ask yourself:

    • Why is it that you do what you do?
    • What thrills you about your current job role or career?
    • What does a great day look like?
    • What does success look like beyond the paycheck?
    • What does real success feel like for you?
    • How do you want to feel about your impact on the world when you retire?

    These questions would be great to reflect on in a journal or with your supervisor in your next one-on-one meeting. Or, bring it up with one of your Vital Work Friends over coffee.

    See, what you might find is that being stuck is your choice. And you can set yourself on the path of moving up where you are, or moving on to something different.

    Because sometimes the real promotion is finding your life’s purpose. And like Mastercard says, that’s Priceless.

    More Resources About Career Advancement

    Featured photo credit: Razvan Chisu via unsplash.com

    Reference

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