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3 Lies to Ignore This Holiday Shopping Season

November 20th, 2015 · No Comments · Budgeting

by Kristy Welsh

(Last Updated On: February 26, 2018)

3 Lies to Ignore This Holiday Shopping Season

Whether they’re coming from retailers, family and friends, or the voice in your own head, lies like these have no place in a financially-healthy holiday season. Memorize them now, when you’re calm and focused, so they can be quickly and easily dismissed during frenzied holiday shopping trips.

1) You have to have it.

No you don’t. Holiday gifts are optional, period – from the hottest toys your kids just “have to have” to anything you feel compelled to gift to yourself. The only thing you have to have is common sense about when it’s appropriate to buy something and when it’s not.

2) It’s too good a deal to pass up.

No it’s not. If the item in question isn’t on your list, or the price exceeds the one you’ve budgeted for, it’s a terrible deal. The only exception is if the unplanned-for item can replace one that is already on your list, at an equal or lower price. Otherwise, you’re buying things you do not need, with money you do not have.

3) You deserve it.

No you don’t. If you have to tell yourself this, you likely cannot afford whatever it is you’re buying. And that means you’re probably setting yourself up for debt, interest fees, regret, and stress. You don’t deserve any of that. This isn’t about depriving yourself of something you deserve; it’s about ensuring yourself financial stability. That is what you deserve, during the holidays and all year long.

What to Tell Yourself Instead

It’s the thought that counts. Cliché, but true. The good news is, the more thought you put into a gift, the less you have to spend.

It’s a chance to teach your kids a lesson. They can’t have everything they want. Limiting their holiday gifts reinforces this hard truth.

The holidays are about the experience, not things. Tearing through gifts takes 15 minutes. It’s the hours before after that you’ll treasure the most. Approach this holiday season accordingly.

 

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