10 Holiday Celebration Spending Mistakes

spending mistakes

No matter how well we budget for the coming year, holidays always seem to sneak up on us. Think about how many special occasions require extra spending in just one year: birthdays, Valentine’s Day, Thanksgiving, the winter holidays including New Years, religious celebrations, or any weekend where you get together with family and friends. All of those fun times amount to a lot of holiday spending on everything from food, to decor, and of course, gifts.

These are ten common mistakes people make when it comes to opening their wallets during any celebration or holiday:

Thinking Of Holidays Like Emergencies

Yes, you were probably taught that it’s polite to bring a hostess gift and to

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3 Responses to 10 Holiday Celebration Spending Mistakes

  1. Frugal Mom says:

    I have holidays and gift as a separate line item in my budget. It helps that I am not going crazy in December. If see things that need to be picked up I add them to my gift closet.

  2. Fiona says:

    As with most things, organisation helps to keep the cost of holidays down. Buying special occasion outfits and gifts way in advance when the sales are on can save a small fortune. Leaving things to the last minute leaves you frantic and making rash decisions, which are often the most expensive.

  3. Minny says:

    Such a good idea. I love our charity shops and often see things that I can stash away for presents. Things you can never find when you are looking!

    Thank you gifts are always a jar of marmelade with a pretty cloth cover for the lid and nice label tied on with string. If I get sour oranges, a squeezed lemon and sometimes orange peel I freeze them ready for my next batch. It’s good stuff because I often get asked for another jar. Really, the only cost is the sugar!

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