Americans accumulate the largest amount of debt during the holiday season. If you don't have the cash to buy gifts be honest with yourself. Admitting that you have a problem living above your means is the first step to addressing the problem and overcoming it.
Being in debt is no fun and makes you feel lousy. If you go into debt every year during the holidays – now is the time to stop. Repeating the same mistake over and over again and expecting a different result is defined by Webster's dictionary as "insanity".
Don't let the media, advertisements or other make you feel guilty for not buying a gift or for buying an inexpensive gift. If you are low on cash and can't afford to guy gifts this holiday season here are some 7 quick tips to help you save money.
1. Buy Christmas gifts during store sales.
2. Visit local vendors, you can probably haggle to good a good deal on the same items you find in the department store.
3. If you are good with arts & craft, think of creative gifts to give that you can make yourself.
4. Visit the dollar store to look for children's gifts.
5. If you have to buy gifts for several family members suggest a "Secret Santa" or exchange names so only one person has to buy a gift for one person and set a limit on the amount spent. Don't buy gifts on Christmas Eve or the day before Christmas Eve. Selection is limited and lines at the register are longer.
6. Shop online, some companies waive shipping and handling fees during the holiday season.
7. Don't wait until the last minute. Out of desperation you may make bad choices and spend more spend than you have to.
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