Gift giving mistakes
Being blinded by bargains
But just because something is a good deal doesn’t mean it’s a good deal for you. With so many discounts this season, it’s easy to fall into the trap of buying something simply because it’s on sale.
Stay focused by drawing up a budget and gift list before you head to the stores.
Forgetting to budget for the extras
Gifts aren’t the only expense this time of year. Don’t forget to factor in the costs of greeting cards, postage, family photos, shipping, décor, entertaining and travel.
Buying on credit
Financial experts say those who shop with credit cards tend to spend as much as 30% more than if they’d shopped with cash.
Not keeping the receipts
Without a receipt, you may only get store credit — or your return could be refused altogether.
Spending to impress
Before tossing something in your cart, ask yourself if it’s something the person will really use and if you can really afford it.
You don’t have to buy something for every single person you know.
Stick to the people who count most in your life, such as family and close friends.
Giving in to gift guilt
Don’t let guilt drive you to break your budget or go into debt.
Failing to do your homework
Hit the Web before making major purchases to compare prices, read customer reviews and make sure you’re getting a quality item at a good price.
In the frenzy of last-minute shopping, you have no time to give thoughtful presents. So you compensate by spending more.
Don’t waste your money on a bad gift.
Frank J Walker LMFT
1617 Main Street
Cambria, Ca. 93428
Frank’s books are available @