Christmas plus credit cards equal overspending


English: Santa Claus with a little girl Espera...

English: Santa Claus with a little girl Esperanto: Patro Kristnasko kaj malgranda knabino Suomi: Joulupukki ja pieni tyttö (Photo credit: Wikipedia)

Humans are strange creatures. We reason that, since we don’t have any extra money to buy Christmas gifts, it is okay to charge the gifts. With a credit card, it is too easy to charge and charge until we have created a huge bill. Where will the money come from to pay the large monthly bill? No problem, we have an entire month before we have to start paying it back.

Every parent wants to buy gifts for his children. Nobody wants young children to learn too early that Santa doesn’t exist. If Christians would tell their children that Santa is just a fairy tale like Cinderella or Snow White, and mom and dad have to buy the gifts, maybe they wouldn’t be so expectant of expensive gifts. For some reason, parents believe it is justified to lavish children with anywhere from five to 15 expensive gifts. Children won’t expect what they have never received.

Keep Christmas gift-giving sane. Don’t get carried away and try to buy every gift on a child’s wish-list. The entire family suffers when the credit card bills come due anyway. Even if you have already established a pattern of over-giving at Christmas, you can still halt this run-away train and put it in reverse.

If children are old enough to understand, explain that Christmas will be lean due to financial circumstances. Ask them to choose just one gift this year. If children are too young to understand about finances, they are too young to know the difference between what they received last year and what they will receive this year. In other words, just buy one or two durable, but inexpensive gifts. Too many toys just overwhelm children anyway.

For gift exchanging among friends, church family and relatives, bake your best desserts, cookies or make candy and wrap it in pretty package. You can’t really please everyone anyway. Food puts a smile on their face every time. You could also get ideas for homemade gifts that look as elegant as anything you could buy by checking pinterest or stumbleupon.

Don’t let Christmas put you in depression when the bills roll in for the new year. Take charge instead of letting the charge cards take control of you. Getting out of debt is like losing weight. It takes a few minutes of pleasure to gain it, but a lifetime to lose it.

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6 thoughts on “Christmas plus credit cards equal overspending

  1. If you aren’t extremely disciplined when using a credit card, it’s best to use cash to reduce overspending. I personally like to use a rewards card, but I still use a budget when making purchases. It’s mapped out on exactly what I am going to buy either with cash, or with a credit card. No rolling balances for me!

  2. Pingback: Christmas plus credit cards equal overspending « ArdentPT

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