Online Holiday Shopping
Black Friday and Cyber Monday 2017 hit the most substantial online holiday shopping sales numbers to date, with more than $5 billion spent on Black Friday and $6.5 billion spent on Cyber Monday! Now you have the rest of your holiday shopping to do. Amid the frantic pace of holiday parties, family gatherings, and business obligations, some of us still need to finish up purchasing additional gifts.
How Much Will You Spend on Holiday Shopping in 2017?
The National Retail Federation predicts the average per-person tab this holiday season will reach $967, up nearly 3.4 percent since 2016. A majority of shoppers plan to splurge on non-gift items for themselves too! According to Wallet Hub, Americans are on track to end 2017 with more than $60 billion in additional credit-card balances. That figure puts us perilously close to the nearly $1 trillion grand-total recorded at the height of the Great Recession.
Why Is It Hard to Set a Holiday Shopping Budget?
Many people get emotional about selecting gifts for family members and loved ones. The desire to get the very best present is often in direct conflict with the reality of keeping your budget on target. Going overboard for Christmas and beginning 2016 in debt is not your best course of action.
Setting intentions ahead of time creates positive, conscious choices which allow you to be deliberate about your spending during the holidays. Explore some of the holiday emotions that may pop up annually! Ask yourself, “Why?” Are those old habits or emotions still serving you well today? If not, brush away that family competition of purchasing the “best” gift? Stop worrying that you need to purchase a gift for every person you know.
Happy Holiday Shopping Without Over Spending
Stop thinking that overspending provides the best gift. Spread holiday cheer on a personal level. The holidays in the final months of the year originated to honor love, peace, and sharing. Remember that! Let those ideas help you to create more meaningful moments with family and friends, who are most important to you.
Here are five tips to make holiday shopping easier on your wallet:
1. Set aside $25-$100 per month in holiday savings. Spend cash.
2. Set your total budget.
3. Make a gift list and attach an amount to each person.
4. Take time to find the best deals.
5. It’s not the size of the gift; it is the thought behind it. There are many small and fun ways to show people you care!