Now that we’re in the midst of the holiday season, do you know if you’ve been naughty or nice with your holiday shopping so far? If you don’t know or can’t answer, I’ve got a few naughty holiday shopping habits and nice ways to avoid them that might help you out this holiday season:
Credit Card Spending
Naughty: Charging gift purchases to your credit card versus using cash.
Nice: When possible, try to use cash during the holidays to avoid a massive credit card bill come January. You can still use your credit card, but keep in mind financial balance is always key.
Paying for Gifts
Naughty: Spending more than you normally would.
Nice: Establish a budget to prevent this from happening and only spend what you can afford. Remember, the best gifts often come from the heart.
Store Credit Cards
Naughty: Opening a store credit card at the checkout line to save a few dollars on your purchase.
Nice: Never sign up for these store credit cards, no matter the deal, until after you’ve read the fine print and done your research. Hint: this normally takes longer than the entire checkout process.
Naughty: Buying a gift simply because it seems like a great deal.
Nice: Make a list for those you need to buy a gift for and create a budget before you begin your holiday shopping to avoid impulsive purchases.
Naughty: Making the holidays all about gifts.
Nice: Time with family and friends always trumps gift giving – keep this in mind and don’t lose sight of what the holiday spirit is all about.
Steer clear of the naughty items on this list and utilize nice spending tips to ensure you enter this year in a positive financial state.