Frugal Christmas
Chances are you're not getting that diamond bracelet you've been eyeing for Christmas this year.
The National Retail Federation is expected to announce today that consumers are still being pretty cautious about spending. And with national unemployment nearing 10 percent who can blame them? NRF expects holiday spending to decline 1 percent.
So don't be offended this year if you get a lot of practical, low-priced gifts. We're talking grocery store gift cards, candy and things like that. Maybe your best friend will buy your kids a little treat and give you a card or a hug.
Save the diamonds for when the economy gets better.
What are your plans for holiday spending? Are you buying and spending less? Are you bold enough to ban gifts all together? Tell us what you're doing.
Categories: Cheap/Frugal, Holiday shopping
Comments
I have a Christmas Club bank account where I put $40 each week, all year long. This week I will get a check for $2,000 plus interest. I will be spending all if it, the sales will be better than last year.
Why would I "ban" gifts? All that is required is proper planning.
Posted by: Bill | October 8, 2009 10:31 AM
I save for Christmas all year long. It is all a matter of proper prior planning. The sales this year will be fantastic. I am not going to punish my grandchildren for the disasterous election last November.
That is the smart way to do it James. Unfortunately, we're all not as disciplined as you are. Andrea /
Posted by: James M. | October 8, 2009 11:03 AM