Family and Consumer Science

In the season when there's lots of shopping to do, spending wisely should be a top priority. Spending wisely does not need to dampen the holiday spirit.

Before starting holiday shopping, it's wise to calculate your "spending power." To estimate the amount of money available for spending, do the following:

1. Make a list of everyday expenses, including must-haves, such as the mortgage payment or rent; utility bills; average grocery bills; car expense, etc.

2. Make a list of anticipated expenses such as the cost of food and beverages for holiday get-togethers; gift wrap, cards, mailing expenses, school and office gift exchanges, etc.

3. Deduct the must-haves and anticipated expenses from the money available, which could be the monthly take home pay, savings earmarked for the holidays, or extra cash stashed in the sugar bowl to arrive at the probable holiday budget.

Following are other tips to make it through the holidays financially sound.

Check newspaper inserts and advertised prices, but remember that a store may advertise one or two items at a reduced price to attract shoppers and that not all prices in a store will be reduced. The store may have only a limited supply of an advertised item, so unless you arrive early on the first day of the sale, you may be disappointed when an item is out of stock. Think about the time and expense of traveling from store to store versus the potential savings.

Shop with a list and at a time when the stores are less crowded. Early or late in the day and/or during the week are usually good times. Choose reliable retailers who stand behind what they sell and check return (or exchange) policies before buying. Shopping early in the season will offer the best selection. But, shopping later in the season may result in savings as prices are reduced.

Pay with cash, a debit card or check, rather than running up a balance on your credit card. If using credit, try not to charge more than you can reasonably pay in one or two months.

Ask for a gift receipt in addition to the receipt. Carry an envelope to organize receipts while shopping. Enclose the gift receipt with the gift card.

Shop with a list that has names, items, sizes, color preferences, and the approximate amount to be spent.

A gift need not be expensive to be well liked. Small, thoughtful gifts usually are appreciated and oftentimes more valuable than a gift found in any store.

Don't be pressured by commercial pitches to buy, buy, buy or to give, give, give. Instead, take time to enjoy the sights and sounds of the holiday season.

Watch your wallet or purse. Consider carrying a wallet in a front or side pocket instead of a back pocket. Keep a purse closed and close to you.

If possible, shop after-the-holiday sales for bargain prices on wrapping paper, holiday cards and decorations. And, try to tuck some money into savings each month to fund holiday shopping next year.

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Editor's Note: Ann Ludlum is a K-State Research and Extension family and consumer sciences agent assigned to Bourbon County. She may be reached at (620) 223-3720.