I can justify just about anything. Just ask me. I can probably come up with a reasonable excuse for you on the spot. I bet you can too. This is because once we let our emotions start talking, they can be very persuasive. You know that little voice inside your head that starts whispering to you when you want something. It might say something like…”Wow, that is a perfect gift for mom. I know it is expensive and more than I had planned to spend “BUT SHE REALLY DESERVES IT”. When you start with that kind of language you need to pause.

This pause is needed so you can stop your emotional mind from talking and have your rational mind step in to start considering the consequences of overspending. If you make this purchase, what will it do to my spending plan? Can I shift items around or go without something so I can make this purchase for her? This next question can bring up all kinds of possibilities though. How can I get her that present without going over my spending plan?

Maybe you have siblings who can pitch in to pay a share. Are there any specials or sales coming up that you can take advantage of? Can you sell something you have to raise the money? Is there a way to earn extra income during the Christmas season? The possibilities are endless. As you go through the “How Can I?” process your answer might be a combination of all of them.

Usually, where there is a will, there is a way to get what you want. But don’t jeopardize your success from an emotional response. That’s not the way to get you where you want to be.

Layaway can have perks like getting some shopping done early, locking in a (hopefully) good price, and of course, spend within your planned amounts for Christmas. There can be coal though lurking in amongst those gifts though.

There can be opening fees associated with layaway accounts so carefully read the fine print. Which means you can pay more for something you aren’t getting right away. Plus it takes more out of what you can spend on gifts!

It is possible that once you lock in the price at layaway if it happens to go lower you aren’t able to get that Black Friday or Cyber Monday deal.

If you change your mind there can be a cancellation or a restocking fee for what you have in your layaway account.

There even can be item restrictions on layaway accounts that may include marked down items, furniture, and jewelry.

Of course, I have to mention the urge to spend more because you can spread the payments out. Always, always, always stick to your plan. Remember your plan can change but not while standing at the cash register. It needs to be well thought out and then adjusted. Stay the course!

Paying with cash will always give you the best edge so you can be in control of your spending at all times without any fees or penalties.

I am sure everyone has this moment before…someone who has never given you a gift before suddenly gives you a gift. AWKWARD MOMENT. You immediately panic and wonder what to say. Do you lie and say, “Oh no, I left your gift for at home.” Which means that you are now obligated to go and buy a gift, even you weren’t intending on buying in the first place which was NOT part of your spending plan. Beyond that, consider that this one instance where you feel you have to a gift may turn into an annual obligation for years to come! Not good. Don’t add more people to your gift list that you do not sincerely WANT to give a gift too!

In these types of situations, honesty is always the best policy and you can avoid years of gift obligation by just saying, “I am surprised by your thoughtful, generous gift. I didn’t know we were exchanging gifts. I feel terrible I have nothing for you, but I just love the gift. Thank you very much.” Period. Nothing more needs to be said. You have recognized that they are thoughtful and generous AND that you don’t have a gift for them. No further obligation this Christmas or any other.

Gift giving can easily get out of control very fast. Only give gifts that you have planned on in your spending plan and within limits, you set per person. Then you can have a peaceful Christmas by staying on the right financial track!