CHRISTMAS SHOPPING DONE RIGHT

Christmas is only two weeks away and there are those that still have not gotten any shopping done! Thank goodness for online shopping which can usually have last minute items shipped to you right before Christmas for an extra fee. The malls roll out the red carpet for last minute sales by having the stores open as early as 6 am. This is all well and good yet how will you shop for Christmas and make your budget stand up to the temptations of overspending?

First of all, holiday shopping does not have to be a chore. Sit down, write out a realistic budget and truly analyze what you will spend period. No excuses because you need to know where every dollar is going. Be sure to spend cash only and leave the credit cards at home.

Secondly, be sure to spend with the right emotions. This is so important because most people spend because of guilt and sometimes validation. To go further, when spending because of guilt it is when you buy something for someone you truly do not like (a relative, a co-worker) just because of the season. The guilt has to be gone because it is not your true you and you will beat yourself up another year for doing it. As for validation, some people spend to be liked and in hopes of getting something real nice. No! This goes along with the guilt trip. Some people will spend on who they want and you may not be one of them. So if you insist upon giving, do not be surprised if the favor is not returned. Just make a mental note to not include them on your next year's list.

Third, when shopping, the temptation from sales people and seeing beautiful displays will beckon unto you. Step away from the displays and graciously, yet firmly say "No thank you" to the sales people. You see, they are trying to meet their quota of sales for the year. You, on the other hand want to stick to your budget and remain sane.

Fourth, as for any children involved, please do not overload them with stuff they will only play with a little and have it sitting in a corner (for instance, toys and games). Once the newness of the gifts wear off, you will wonder what lead you to spend so much money. Also, do not allow their whining (the neighbor's kid got lots of stuff) to sway you, YOU are the parents, period.

Lastly, you will be proud of yourself for sticking to your budget and not having to use your credit cards (because you will pay them off asap and cut the cards...js).  Your Christmas will even be merrier as well as frugal.

To all of you, I wish you a very Merry Christmas and as always...

Stay Frugal and Proud!

Dot

ARTICLES AND SOURCES

Cutting Costs? Christmas Cheats For Frugal Gifts | Organized Christmas

5 Frugal Tips to Save on Your Christmas Shopping - Inspiring Savings

THAT INFAMOUS 'B' WORD: BUDGET

I did a blog a few months ago entitled: A BUDGET? YOU HAVE GOT TO BE KIDDING! about budgeting and the importance of it. Today, I will go into this subject even more because a lot of people make budgeting so hard. Budgeting requires sacrifice yet not the kind of sacrifices which cause you to starve yourself, dress in rags or walk 100 miles to work (an extreme, but you get the point). Budgeting helps you to not only see where your money is going but how to see whether this expense is necessary and needs to be deleted from the budget. 

According to Practical Money Skills.com, building an annual or monthly budget comprises of the following:

• Fixed expenses are expenses that stay the same from month to month, such as rent payments.
• Flexible expenses are expenses that change from month to month, such as how much you spend on utilities.
• Total expenses are the combined amount of your fixed and flexible expenses.
• Total monthly income is the income from your job or other resources including investment dividends, pensions, Social Security benefits, rental income and more.
• Disposable income is the money you have left over after you subtract your income taxes from your income

They emphasize to create your monthly budget using this basic Budget Worksheet. If you find you are not able to stick to your budget, it may mean you are spending beyond your means or that your budget is not flexible enough. Take the time to review and readjust your budget monthly until you find a plan that works for you.

You truly have to be serious and disciplined when you budget because you will not only be in control of your money and feel empowered. Budgeting does not have to be a serious subject, just a matter of focus, discipline and being focused on having a great money future. Until next time...

Stay Frugal and Proud,

Dot

More Articles and Sources:

PRACTICAL MONEY SKILLS

WHAT IS BUDGETING?

START BUDGETING

GIVING

Courtesy of givewp.com

Giving is very important in our frugal journey. As you give, you will receive, sometimes in ways that can astound. By it being so simple, most people will find it difficult. They complain of not having anything to give or questioning its purpose. According to the website, Babble.com , "it feels good to give. Giving back should be an altruistic, selfless notion, but the truth is that giving back is good for both the giver and the recipient. Studies even prove that there are amazing benefits to giving, whether you are taking on a regular volunteer position, donating money, or simply doing a random act of kindness."

In the case of giving of your money, giving is a way of leaving generational wealth for your kids as well as foundations for those causes that mean the world to you. You can set it up in your budget for specific amounts to give weekly or monthly. 

Consider the act of giving as you grow your wealth through frugality. The above-mentioned benefits as well as a tax deduction can help and don't we all want to pay lower taxes?

For more on the benefits of giving, visit the website above. Be sure to comment below and share.

Always be Frugal and Proud,

Dot😚

Other links on giving:

Tendr

Donors Choose

Give Well