It's easy to get carried away by the excitement of the holiday season, and it can take a lot of work to keep track of all the purchases that you've made. Planning and sticking to a budget for the new year is essential.
Set a Spending Limit To give yourself a break from credit card shopping, limit the amount of money you spend on purchases. Create a budget and decide how much you can afford to spend on each gift.
Make a List
Don't buy presents for everyone in the world. If you have a list that includes more than five individuals outside your immediate family, you should start cutting it.
Be Realistic For instance, just because your older brother always buys you the best presents, don't feel obligated to follow suit. You may be in different financial situations.
Time is the Greatest Gift
You can visit your parents or other distant relatives. This can be a great way to show your appreciation for their support. Another great gift is to make up a free night of babysitting card for your siblings so they can have a night out. Make a certificate for your brother that gives him a home cooked meal.