It's The Thought That Counts

Published On: Dec 05 2013 05:29:58 PM CST

Financial stress and holiday-related stress are all too common and unfortunately can be really common together.  The pressure of gifting, especially around the holidays, can take a toll on our well-being and our wallets. 

My family definitely loves to exchange gifts but for us and many families the process of shopping for, purchasing, and then exchanging gifts can be time-consuming and stressful.  We know how much emphasis is put on shopping and buying when events like Black Friday and Cyber Monday are so monstrously successful for businesses.  But Financial Advisor Liz Moeller suggests going about gifting for the holidays in a different way.  She says you can "eliminate a lot of the guilt (brought on by the pressure to gift well) by:"

  1. Coming up with a budget
  2. Write down names of ALL people you need to gift to
  3. Do NOT use credit cards
  4. Do NOT purchase something you cannot afford at that moment
  5. Do NOT make spontaneous purchases

Liz suggested instead creating thoughtful gifts or purchasing smaller gifts centered around spending time together.  She suggested creating gift certificates for one-on-one time together for children or parents alike.  Or you could purchase a gift certificate for a movie then go to said movie as a family.

However you decide to gift this year, make the effort to emphasize what's important.  Spend time as a family and don't put pressure on spending a certain amount of money.  It truly is the thought that counts, ESPECIALLY around the holidays.  Happy gifting!