Simple steps to perfect gift buying
The countdown to Christmas is on and for many of us the stress levels are already rising.
In fact the shopping element of Christmas, and the requirement to find the perfect gift, can often be the most stressful part of the festive season.
So why not create your own Christmas countdown calendar and fill it with things that bring you joy and fulfilment, not stress and anxiety?
Try to be organised, make that list and check it twice.
Avoid last-minute panic over-spending, and remind yourself that the ‘x sleeps to Christmas’ messages are a promise, not a threat.
Think about this, can you remember all of the presents that were bought for you last year?
Or ask the people you bought presents for if they can remember the gift you spent a lot of time and money on?
Studies suggest that the best gifts to buy people are experiences; like a ticket to a gig, or a cookery class, because of the greater emotion evoked when the recipient experienced the gift (in effect they get two gifts, one when they open the present, and again when they actually experience it).
Even better again, buy something you can both do together. Research shows that shared experiences are more enjoyable and remembered for longer periods of time.
An added benefit of this is that you are unlikely to spend money on items which are due to be discounted once the sales start in January.
When it comes to hitting the shops for gifts – why not make a day of it?
Here are some tips to avoid spending days on end in the shops this Christmas: 1. Make a shopping list Write down the list of people you plan on buying gifts for. Critically consider who should be on your gift list and don’t be afraid to trim it. Start with your immediate family and close friends, and selectively add to your list from there. 2. Set a spending limit Many people overspend on Christmas gifts by letting their emotions get the best of them. It’s easy to feel guilty when it comes to holiday spending. Do you need to spend £50 on every one of your nieces and nephews? Definitely not.
Figure out the total amount of money you want to spend on presents, and divide it up among each person on your list.
For example, if you decide to spend £400 on presents, that might be £150 for your spouse, £50 for your parents, and so on.
And if this is the season to pop the big question, there are ways you can save money on an engagement ring.
It’s the thought that counts, not the price tag. 3. Pay in cash The easiest way to not go into debt is to use cash instead of credit to buy gifts. You’ll be forced to stick to your budget. When you use a credit card, it’s way too easy to lose track of how much you’ve spent and on who. Plus, an extra £10 or £15 here and there go unnoticed but add up quickly.
Use the cash budget – you’ll thank yourself in January when you don’t have any Christmas debts to pay and give yourself the gift of no worries.
Studies suggest the best gifts to buy people are experiences