Talk Tuesday - Don't break the bank for Christams

Hey loves, I'm baaaaaack. It's been a while since a my last post, so lets get into it. During this time of year most people are in the giving mode, which is great. However, most tend to spend money they don't have out of obligation because of Christmas. I'm here to tell you, DON'T DO IT!!! 

Christmas is not about who can buy the most expensive gifts or who received what. It's about spending time with your family and friends and enjoying the moment.  In today's society the message has gotten lost along the way, but it's up to us to set a standard and live by it. This message is for all the parents and caretakers in the world....KNOW YOUR LIMITS. Here a few tips to help you for next year or anytime you need to prepare for a large ticket items.

•  If you are not financially able to afford lots a gifts, focus on the one thing your child really wants. A system that works in my home is the Wish List. The kids make a list and it is up to me and my husband to choose the items we are going to purchase. As they have gotten older, the list have gotten shorter....YES!!!

• Limit the amount you spend on each child. I have 3 children and the most we spend on each child is $100-$150 for Christmas. However, once they turn 18, they receive cash. Children become very picky when it come to the things they like. By giving them cash, they now have the independent freedom to spend it how they choose to.

• Set limits and be honest with your children. If you can't afford to purchase them what they want, explain that to them in a way they can understand. It's the parents that get bent out of shape to buy their kids the latest gadget or newest item on the market. Most of the time a child would prefer your company over any gift that you can buy. Don't ever make yourself feel obligated to buy anyone a gift if you can't afford to do it.

• Purchase on layaway or throughout out the year. Most companies have brought back layaway, which is great on so many levels. It allows you to pay a little at a time without all the stress of having all your money at once. Also, if you need to purchase a more expensive item, and layaway is not an option, plan ahead. Set aside a certain amount of money each payday until you reached your desired goal. Most banks also have short term accounts that allow you to earn interest on the money you save. So you come out earning money as you save...winning.

I hope these tips can help you not only for the holidays, but anytime of year. Giving is something that is done from the heart and it shouldn't be expected or required. Do what you can with what you have. Until next time...Stay Christmas Eve Fabulous!!!