Getting the perfect gift for your loved ones during the holidays is at the top of everyone's list. With that being said, it can also be one of the most costly times of the year where people overspend and are left with debt to pay off. If you take the time to put forth some tips on saving and spending wisely, you do not have to go broke this holiday season and you may even come out happier in the end.
Going out holiday shopping without a budget can be disastrous. What may seem like great gifts that will put a smile on your loved one's face may come to haunt you once you receive your credit card bill. Prior to starting your shopping, have a set dollar amount you want to spend and stick to it. Know your numbers for how much you want to spend overall and how much you want to spend on each person. This will help you stick to your budget once you are out shopping. One last thought, the gifts are not the only cost here. You have wrapping paper, winter activities and other miscellaneous expenses to keep in mind when drafting your budget.