How to budget for Christmas: Avoiding holiday money stress

A few simple tips
In this article
A few simple tips

Money stress is the last thing you want at the holidays, but in a time of high unemployment and economic crises around the world, many people are juggling holiday wish lists with meager means. Don’t let your finances be the Scrooge of the holiday season!

For starters, it’s important to remember the real purpose of the holidays: surrounding yourself with loved ones and cherished traditions rather than shop-till-you-drop manic consumerism.
Because a lot of people are facing the holidays on a shoestring budget this year, it’s a good time to re-assess your priorities. Be open with your friends and family—you’re likely not the only one feeling pinched this year, and sometimes a straightforward conversation can ease stress and put everyone on the same page.

Maybe now is the time to start a new tradition of handmade gifts or coupons, or to skip the gifts entirely and simply gather everyone together for a hike or a big potluck.
Whatever you decide, a few simple steps can help prevent the holidays from becoming a financial nightmare.

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