Christmas is coming! It’s time to put out the lights, put up the tree, and pull out your wallet. Wait, what?
It’s probably no surprise to you that Christmas is the biggest shopping season of the year. We have to buy for everyone on our list, and how can we resist doing a little shopping for ourselves what with all the great deals retailers (online and instore) are offering.
According to IBIS World, $228.4 billion was spent on holidays in 2010 (which includes spending on food, gifts and parties related to holiday events). $135.16 billion was spent at Christmas, which is estimated to account for 59.2% of sales alone and Christmas gifts account for at least 47.2% of total sales. That’s a lot of money.
Check out this video from msn.com. Reporter Stacy Johnson says it best, “Christmas is a magical time of year. It’s when your money magically goes from your pocket to someone elses cash register”. With the average American spending around $1,000 each year on Christmas gifts, it makes sense. And this amount has gradually increased each year. When is it too much? The video gives 5 tips to save during the Christmas season, number 5 being, do something for someone. Being able to substitute your imagination for your money puts the benjamins back in your wallet.
Janey Osterlind, a contributer at WiseBread.com, says to Make Something for the people on your gift list. “I’m not suggesting that you knit sweaters as Christmas gifts (unless you actually are talented at knitting and have some sort of fashion sense). Making a Christmas gift that is appreciated and used requires some creative thinking and knowledge of the recipient. A little thought could produce a pretty awesome gift while also saving you money.”
Some of you may only have a couple of people on your list, and some of you may have to unroll a scroll, so I’ve included this great link from thehappyhousewife.com, 100 Homemade Christmas Gifts. “Homemade Christmas gifts don’t have to look like they came out of your 3 year-old’s Sunday School class. There are some amazing homemade gift ideas that can be made by real-life moms on a real-life budget!” My favorite, a DIY book on “tape”. Genius!