The holidays can be stressful as we rush out to the stores to purchase gifts for our family and friends. We often times end up spending more than we plan to and promise ourselves to cut back in years to come. Well what happens when you do want to save money this year and bow out of Christmas gift giving, even though you know Aunt Mary and Uncle John wont miss you on their list this year? Scarlet has the answer to this, and it really comes down to being upfront and honest!

Do not feel like you have to disclose every detail of your financial situation. There is nothing wrong with explaining to family and friends that we are all time-strapped and economically strapped these days, let’s just do lunch or something else that does not directly involve gift giving on Christmas. If you receive gifts from family and friends even though you did not purchase gifts for them, do not stress! Thank the giver for the gift and graciously express your pleasure and genuine surprise at such a thoughtful gesture. A heartfelt thank you note is also a sincere and cheap way to show the giver that you are appreciative.

The holidays are not just about receiving and giving gifts so do not give in to the pressure. Remind yourself and others of the true meaning of Christmas and other Holidays. Spend time with friends and family, volunteer with local organizations for a good cause. Make someone else’s Holiday great without spending all of your savings!

…until next time…