(DailyThrive.com) – Christmas, it’s the most wonderful time of the year. It also just happens to be the most expensive. You’re far more likely to rack up debt over the holiday season than any other time, period. Between decorating, gift-giving and visiting, it’s easy to get caught up in the commercial aspects and spend too much.
But as Dave Ramsay says in this video, there is a better way.
There are really no shocking secrets or surprising news flashes involved here. At the end of the day (or the start of the Christmas season) you have to be willing to set a budget — and stick to it. Without one, finances can quickly get out of hand.
One important point Ramsay touches on is the fact that many of us feel obligated to give big gifts, sometimes to the point of competing with one another. The idea of gifting something cheap or even homemade feels like we’re failing our loved ones. Ramsay also addresses this point, reminding us that “Christmas isn’t going to make or break a relationship. If it does, it wasn’t much of a relationship.”
Remember that a gift is a gesture. This is important. Going into debt trying to impress someone helps neither you nor the individual you’re giving the gift to. Really, it’s the love that counts.
Don’t be afraid to cut back on your budget this year. Offer time, handmade gifts and less-expensive treasures in place of pricey electronics and jewelry. Make a commitment to spend more time with the ones you love. They’ll appreciate it, and you won’t spend an entire year trying to make up for your spending.
~Here’s to Your Success!
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