I sat in a meeting this week and a co-worker mention that she has already received 3 shipments of Christmas presents, she does a lot of online shopping. The conference room had a good laugh. There are 105 days left until Christmas from the time of this post. I heard on the news this week that Toys 'R' Us is opening 600 temporary holiday stores. Great more ways for my kids to add to their wish list. It all got me thinking how will I handle the Holiday shopping this year?
I typically always put a portion on my credit cards, and that is not an option this year. I have no Holiday fund saved to date, but can start I do have 91 day left. I am lucky enough to have a job that gives me an end of the year bonus. It will be use to finance most if not all of my shopping this year. I will have to plan carefully to stay within my bonus budget and make sure I accomplish all of my shopping. Some ways I'm considering to reduce cost / stay with budget during this holiday season.
Scaling back my gift buying list - sorry extended family and some friends
Set spending limits with family and friends - set a max spending limit $25 sounds right
Stay on course for my immediate family 3 kids & wife - no impulse items
Bargain hunt - black Friday, coupons, groupon, etc
Any others I missed? How are you tackling your Holiday shopping this year?