– Five simple tips to avoid that dreaded post Christmas credit card bill –

The music, the lights, the jolly good cheer, oh the joys of Christmas! Generally, we as Canadians love the celebration of Christmas. It is a time for traditions, visiting loved ones, and spending money. Whether we want to admit it or not, with Christmas comes an indulgence of money spending. According to the RBC Canadian Consumer Outlook, Canadians will spend a total amount of $1,183 on gifts, entertainment, travel and decorations. So unless you are spending Christmas with the Kranks, the big question is: What small steps can you take to save money this holiday season?

Gift Buying:

The RBC survey suggests shoppers who plan on buying gifts are likely to shell out $629 on their purchases. Although it is hard to be frugal with the turkey dinner, gift buying is an area where a small amount of planning can go a long way. Here are five tips to help you save this holiday season.

#1- Create a list! We all know who the top five people are, but do we know who falls to the bottom of the list, or where it even ends? Creating a list will help you avoid feeling obligated to buy your great aunt Betty a gift. Be clear on who is prioritized for gift buying, and who is not. As for the people on the bottom of the list, perhaps a card with a family picture or even a visit during the festive season will be enough to show how much you care.

#2- Do not get caught up in the holiday cheer! For some of us the music in the department store, combined with the decorations, jolly sales person and the smell of Christmas in the air is just too much to handle. Before you know it you are in the hardware section buying that extra tool to top off your husbands collection. Be alert, know the signs, keep your head on straight and do not get sucked in! One way to avoid this problem is to try online shopping. Not only will you avoid the tempting holiday cheer, but the lines at the cash register as well. Be sure to check shipping times and do not click too much!

#3- Set limits with gift exchanges! Do not be afraid to tell family members and friends that this Christmas the gifts should be $20 maximum. Although you may feel like the cheap scape of the group, it is guaranteed that nobody will challenge your suggestion. Not only does it help you to avoid that awkward moment when she spent $50 more on your gift than you did on hers, but it allows people to be creative in their gift selection, generating somewhat of a challenge for those involved. In all reality, it is easy to find nice $50 gifts, but with a $20 limit you will have to think a little harder!

#4- Buy in advance! This will allow you to avoid that tempting holiday cheer, those long lines, and that last minute run to the mall because you forgot about Uncle John. Buying in advance will help you to keep your priorities straight and save money. Throughout the year keep an eye out for end of season sales, promotional events, and discounted prices. Stop at the bargain bin each time you go to the drugstore to look for stalking stuffers. A little here and there can add up to big savings!

#5- Do not be afraid to get creative! Homemade gifts are not cheap, they are thoughtful and creative. With Pintrest at your fingertips there are tons of Christmas gift ideas that do not require you to have the talents of Martha Stewart. Not only can making gifts save you money, they can be a fun way to engage with others and spread the Christmas cheer. Set up a craft night with your kids or friends, turn on the Christmas carols and get out the glue gun. Let’s face it, Grandparents can’t help but smile when they open that ornament made by your 6 year old.