1. Set realistic goals according to your budget
This year completely caught you off guard with a specific amount of money that needed to be set aside specifically for gifts! And because of that, you spend a lot more than you imagined. In 2023, you won’t be making the same mistake again, and even if it sounds odd, you can start setting a goal for next Christmas as soon as possible.
Limit your spending and try to stick to a budget. For example, try the $20 rule when you put a limit on how much you are willing to spend on one gift. Propose this to your family members too, so you all agree not to buy each other gifts that go over the limit.
To ensure that you can get there, be reasonable about deadlines, and have a break when it’s a slow month and you can’t put aside all the money you planned. When you accomplish the goal, make sure to reward yourself with something modest, like a dinner out or a trip to the movies. Besides being a kind gesture to yourself, it will also contribute to your well-being.
