Meeting Lite eNewsletter
MPI Toronto Chapter E-Newsletter: December 2022

Tips to Control Holiday Spending

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Many of us may wish to tighten our financial belt this holiday season. Below are tips to help you remain mindful of your spending this year:

  • Set a budget… and stick to it!
  • Review prior year’s holiday spending to recognize potential areas of over-spending
  • Use the ‘envelope’ method by placing cash for each gift/person into an envelope to be used to pay for the gift. Once the cash in the envelope is gone, stop the spending there!
  • Track it! Keep your receipts and track your spending daily
  • Share with friends & family you will be cutting back on your spending or gifting to set expectations and avoid guilt purchases
  • Think on it... wait 24 hours before making a purchase to avoid impulse buys
  • Suggest a Group Secret Santa or Gift Exchange instead of purchasing individual gifts
  • Consider home-made gifts, edible treats or a gift of service
  • Price match or use accumulated shopping “points” to offset big ticket purchases
  • Suggest a no-gift holiday and arrange an outing or time spent together with friends instead. Appetizers and board games? DIY cocktail night?

For more tips, check out 8 Tips To Help You Control Holiday Spending


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