Advertising
Advertising

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.

    Advertising

    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.

    Advertising

    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.

    Advertising

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

    Advertising

    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!

    More by this author

    Lawrence Cheok

    Lawrence writes about living a balance life and provide tips for improving your career.

    7 Powerful Habits To Win In Office Politics 6 Guilt-Free Steps To Review Your New Year Resolutions How Not To Overspend On Your Christmas Shopping

    Trending in Featured

    1 How to Stay Motivated and Reach Your Big Goals in Life 2 How to Stop Procrastinating: 11 Practical Ways for Procrastinators 3 11 Reasons Why You Aren’t Getting Results 4 Why Do I Have Bad Luck? 2 Simple Things to Change Your Destiny 5 Top 4 Misapplications of the 80/20 Rule

    Read Next

    Advertising
    Advertising
    Advertising

    Last Updated on June 26, 2020

    How to Stay Motivated and Reach Your Big Goals in Life

    How to Stay Motivated and Reach Your Big Goals in Life

    It is hardly a secret that the key to successfully accomplishing one goal after another is staying motivated. There are, of course, tasks which successful people may not like at all, yet they find motivation to complete them because they recognize how each particular task serves a greater goal.

    So how to stay motivated most of the time? Here are 5 simple yet effective ways on how to be motivated and get what you want:

    1. Find Your Good Reasons

    Anything you do, no matter how simple, has a number of good reasons behind it.

    You may not be able to find good reasons to do some tasks at first but, if you take just a few moments to analyze them, you will easily spot something good. We also have many tasks which don’t need any reasoning at all – we’ve been doing them for so long that they feel natural.

    If you’re ever stuck with some tasks you hate and there seems to be no motivation to complete it whatsoever, here’s what you need to do: find your good reasons.

    Even when you set goals, there needs to be reasons behind these goals. They may not be obvious, but stay at it until you see some, as this will bring your motivation back and will help you finish the task.

    Some ideas for what a good reason can be:

    • A material reward – quite often, you will get paid for doing something you normally don’t like doing at all.
    • Personal gain – you will learn something new or will perhaps improve yourself in a certain way.
    • A feeling of accomplishment – at least you’ll be able to walk away feeling great about finding the motivation and courage to complete such a tedious task.
    • A step closer to your bigger goal – even the biggest accomplishments in history have started small and relied on simple and far less pleasant tasks than you might be working on. Every task you complete brings you closer to the ultimate goal, and acknowledging this always feels good.

    Here’re 9 Types of Motivation That Make It Possible to Reach Your Dreams.

    2. Make It Fun

    When it comes to motivation, attitude is everything. Different people may have completely opposite feelings towards the same task: some will hate it, others will love it.

    Advertising

    Why do you think this happens? It’s simple: some of us find ways to make any task interesting and fun to do!

    Take sports for example. Visiting your local gym daily for a half-an-hour workout session sounds rather boring to some. Yet many others love the idea!

    They like exercising not only because they recognize the good reasons behind it, but simply because it’s fun! At certain time of their daily schedule, they find going to gym to be the best thing to do, simply because nothing else will fit their time and lifestyle so perfectly.

    Depending on how you look at it, you can have fun doing just about anything! Just look for ways of having fun, and you’ll find them!

    A simple approach is to start working on any task by asking yourself a few questions:

    • How can I enjoy this task?
    • What can I do to make this task fun for myself and possibly for others?
    • How can I make this work the best part of my day?

    As long as you learn to have the definite expectation of any task being potentially enjoyable, you will start to feel motivated.

    Some of you will probably think of a thing or two which are valid exceptions from this statement, like something you always hate doing no matter how hard you try making it fun. You’re probably right, and that’s why I don’t claim everything to be fun.

    However, most tasks have a great potential of being enjoyable, and so looking for ways to have fun while working is definitely a good habit to acquire.

    3. Change Your Approach And Don’t Give Up

    When something doesn’t feel right, it’s always a good time to take a moment and look for a different approach for the task.

    Advertising

    You may be doing everything correctly and most efficiently, but such approach isn’t necessarily the most motivating one. Quite often, you can find a number of obvious tweaks to your current approach which will both change your experience and open up new possibilities.

    That’s why saying “one way or another” is so common — if you really want to accomplish your goal, there is always a way; and most likely, there’s more than one way.

    If a certain approach doesn’t work for you, find another one, and keep trying until you find the one which will both keep you motivated and get you the desired results.

    Some people think that trying a different approach means giving up. They take pride in being really stubborn and refusing to try any other options on their way towards the goal.

    My opinion on this is that the power of focus is great, but you should be focusing on your goal, and not limiting your options by focusing on just one way to accomplish it it.

    4. Recognize Your Progress

    Everything you may be working on can be easily split into smaller parts and stages. For most goals, it is quite natural to split the process of accomplishing them into smaller tasks and milestones. There are a few reasons behind doing this, and one of them is tracking your progress.

    We track our progress automatically with most activities. But to stay motivated, you need to recognize your progress, not merely track it.

    Here’s how tracking and recognizing your progress is different:

    Tracking is merely taking a note of having reached a certain stage in your process. Recognizing is taking time to look at a bigger picture and realize where exactly you are, and how much more you have left to do.

    Advertising

    For example, if you’re going to read a book, always start by going through the contents table. Getting familiar with chapter titles and memorizing their total number will make it easier for you to recognize your progress as you read. Confirming how many pages your book has before starting it is also a good idea.

    You see, reading any book you will be automatically looking at page numbers and chapter titles, but without knowing the total number of pages, this information will have little meaning.

    Somehow, it is human nature to always want things to happen in short term or even at once. Even though we split complex tasks into simpler actions, we don’t quite feel the satisfaction until all is done and the task is fully complete.

    For many scenarios though, the task is so vast that such approach will drain all the motivation out of you long before you have a chance to reach your goal. That’s why it is important to always take small steps and recognize the positive different and progress made. This is how your motivation can sustain in long term.

    5. Reward Yourself

    This is a trick everyone likes: rewarding yourself is always pleasant. This is also one of the easiest and at the same time most powerful ways to stay motivated!

    Feeling down about doing something? Dread the idea of working on some task? Hate the whole idea of working? You’re not alone.

    Right from the beginning, agree on some deliverables which will justify yourself getting rewarded. As soon as you get one of the agreed results, take time to reward yourself in some way.

    For some tasks, just taking a break and relaxing for a few minutes will do.

    For others, you may want to get a fresh cup of coffee and even treat yourself a dessert.

    Advertising

    For even bigger and more demanding tasks, reward yourself by doing something even more enjoyable, like going to a cinema or taking a trip to some place nice, or even buying yourself something.

    Your progress may not seem to others like anything worth celebrating but, take time and do it anyway! It is your task and your reward, so any ways to stay motivated are good.

    The more you reward yourself for the honestly made progress, the more motivated you will feel about reaching new milestones, thus finally accomplishing your goal.

    Mix and Match for the Best Effect!

    Now that you have these five ways of staying motivated, it is a good moment to give you the key to them all: mix and match!

    Pick one of the techniques and apply it to your situation. If it doesn’t work, or if you simply want to get more motivated, try another technique right away. Mix different approaches and match them to your task for the best results.

    Just think about it: Finding good reasons to work on your task is bound to helping you feel better; and identifying ways to make it fun will help you enjoy the task even more.

    Or, if you plan a few points for easier tracking of your progress and on top of that, agree on rewarding yourself as you go; this will make you feel most motivated about anything you have to work through.

    More Tips to Boost Your Motivation

    Featured photo credit: Lucas Lenzi via unsplash.com

    Read Next