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The Married Chick The Knot the married chick

Overwhelming cost of Christmas discourages some

The rising costs of the holiday have some people wishing they could skip out.

By The Married Chick Nov 28, 2012 6:50PM
Photo: Christmas // ThinkstockChristmas is supposed to be a joyful time, but for some people, the holiday brings more stress than good cheer. In a recent survey by financial services provider Think Finance, 45 percent of respondents said that the holiday is so financially taxing they wish they could just skip it.

As a reformed holiday overspender, I can understand their stress. The spending is a blast; the credit card debt is not. Throughout my 20s, I didn’t know the word "budget" when it came to the holidays. I always splurged on big gifts for my hubby, and I went overboard on the food and wine at every party we hosted.

Now that I’m older, I’m smarter (and more realistic) about what I can spend during the holidays. My husband and I will exchange gifts, but they will be in the $25 range. We’ve learned to put an emphasis on meaningful instead of expensive. We’ll buy thoughtful gifts for our families, but we’ll stick to a budget. And we’ll spoil our nieces and nephews a little bit, but we’ll try not to overdo it.

Even though I’m a more responsible holiday spender now, I don’t regret my splurge phase. It was temporary, and I learned some important lessons about why budgeting is important.

What’s your holiday spending style? Are you budget-conscious, or do you tend to splurge now and pay back later?

More from The Nest:
Simple Savings Tips
Survive a Weekend With the In-Laws
Money-Saving Tips for Two

Photo: Thinkstock

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