I know your gift-buying session for this Christmas has already begun but if you have a large family, this might help you.
Although it can be fun buying for and receiving gifts from everyone, it can also be very expensive. When your budget is tight, try make an agreement with your family that you will continue to buy for the children, but that the adults will go with a name exchange or ‘Secret Santa’.
This way the children are not disappointed and you can spend a little more on one or two people rather than spreading your money thin. For the members that you did not pick to exchange with, bake a loaf of their favorite homemade bread or cookies.
Christmas is very much about finding joy, while spending time with each
other. Focus more on that and everyone will be happy!
Money Management Coach
Author of "The Price of Financial Freedom"
(3 Essential Steps for Breaking the Cycle of Debt)