First off let me say that we don't do a lot of commercially bought gifting at the Holidays. I am on my 4th year as a member of The Compact Group(check them out on Yahoo Groups), so I don't do indiscriminate 'stuff buying' as a rule. Not even at thrift stores or yard sales either. I figure I spent the first 45 yrs. of my life acquiring 'things', so I'll spent the bulk of my time during the next 45 yrs. getting rid of stuff or using up the stuff I already have.
That's not to say that I don't buy things but it's only after a long and thoughtful process of figuring out it's really REALLY needed or wanted.
So anyway, since our kids are past the 'toy' stage, we don't buy much stuff anymore at the Holidays. Being teens they do constantly want more expensive things but we keep the amount we spend on them turned down a few notches on the expense knob and generally they receive a few articles of clothing(which THRILL them to no end...lol!), and either gift cards, cash or 1 big ticket item. So for the kids, I only usually buy/acquire 10 or so gift items total each Christmas. Hubs and I only exchange a token gift or two since there is not much we need that we don't have already and if there is something we really really want, we can just go out and buy it ourselves.
We have few relatives outside of our immediate family and we generally give food items to them. All of our friends live distances away so we send Christmas cards only if we get the energy and time.
That leaves the stocking stuffers. I enjoy hunting around for the stocking gifts. I don't care to just do generic stocking gifts(everyone gets the same thing kind of gifts-like a cheese log, socks, and candy canes). I try to tailor the stuffers to the recipient.
Our stockings do have some 'traditional for us' gift requirements.
Everyone gets either socks or undies in their stocking.
Everyone gets a couple of personal hygiene items(shampoo, deodorant, make-up for the gals, combs, toothbrush, etc.)
Everyone gets a candy treat.
The rest of the space in the stockings I try to fill with interesting items I find throughout the year. Mostly I try to find useful items but sometimes I do buy something totally wasteful, cheap and fun...gasp!
Here is what I picked up last Sunday for Christmas....
With the low price at Big Lots and my discount I spent a grand total of $9.60.
So I only have 2 more socks/undies gifts to acquire now for the stockings.(1 for #1 son and 1 for Hubs).
As for the personal hygiene stuffer items.....I have that MORE than covered with all my Rite-Aid free goodies!
I'll wait until closer to the Holidays to pick up their candy items(unless I see something uber cool before then that will store well).
So my stocking stuffers list is down to 2 socks/undies gifts, 3 candy/treat gifts and then the 4-8 'special' wacky gifts.
I'll be working on a list this week, of possible items to pick up in the coming months, to finish off what I need to gather for the Holiday gifting. I'll keep my eyes peeled and try to pick up meaning items on sale/clearance/ for cheap. Everything goes into a designated box hidden in the house so that when December rolls around I can find it all. There is nothing worse than buying throughout the year for the Holidays and then NOT being able to FIND IT when you need it!
Been there, done that, bought the t-shirt as they say....
I always hope to be finished or at least have all my purchases planned out by Dec. 1.(Some gift cards I wait until then to purchase but I've decided on which/what by Dec. 1.)
That leaves me free from shopping stress in December so I can do other things during the Holiday Season besides fight someone in Macy's over who's going to buy that ugly sweater in our paws.
I usually spend around $850 total for the Holidays. That includes $200 per kid, $50 for spouse and $200 for all other items(cards, baking, meal, decorating, etc.) If I do mail gifts of food, this amount doesn't include postage/shipping. This amount also doesn't include what Hubs spends on me....he is the loose canon in this budget.lol
Now our family does spend about on par with what they say the typical American family spends at the Holidays. Let me say that we don't buy 'stuff' for our kids all year round like many parents do. No xboxes are purchases just because someone here whines that they are bored or such and I don't lay out big money for name branded jeans, shoes, 'fill in the blank', etc. Birthday presents are modest so Christmas is the ONE TIME in the year our kids get the neat stuff.
And since we have no debt at all, we can afford to spend this amount.
And since we budget for this expense all year($16.35 a week put away), we have the CASH and don't put any purchases on CREDIT!
And if you need to use credit for the Holidays, perhaps you should step back and consider what a bad idea that is before you pull out the Visa card again.....
Don't put your financial life in jeopardy for gifts that no one will remember a year from now and you'll still be paying for in 10 years!
Make this a CASH ONLY CHRISTMAS! You will be so glad you did.....
Since my family doesn't read my blog, I'll post here in the coming months what I buy and keep a running tab on what I've spent.
2010 Christmas Spending Total....$9.60
Here is an interesting article on Skipping the Holidays Expenses HERE. Let me know what you think about it.
Have you started your Holiday spending yet?
Do you have family stocking traditions?
Do you have a budgeted amount for it or do you just buy and buy?
Do you put your Holidays on credit cards?
Sluggy
