(for Riverside/San Bernardino Counties)

5 Ways to Avoid Overspending During the Holidays

5-ways-to-avoid-overspending-during-the-holidaysOverspending during the holidays should not come as a surprise. A lot of people tend to do this because they don’t set any boundaries or plan for this specific season. Holidays offer lots of cheer and joy. But, once they have passed, you don’t want to be one of the people who get stressed because they overspent.

Following are 5 ways to avoid overspending during the holidays:

1. Have a Financial Plan

You risk failing miserably during the holiday season if you don’t utilize a financial plan for your own accounts. You need to consider many things when it comes to creating a financial plan; how much cash you are going to need? How much you should spend on gifts? What can you afford, etc.? Therefore, it is recommended that you shop with a financial plan so that you can avoid overspending and getting stressed while doing it.

2. Prepare a List

Make a list of everything you are going to buy during the holiday season – it is a good way to plan your holiday gift giving. You will also have better idea about what to purchase and stay within your budget once you know who’s on the list.

3. Set Limits

You should carefully assess your household budget and then determine what are the things you can afford to spend for the holiday season. After you have allocated your budget for your holiday spending, it is recommended to set limits for the amounts you are going to spend on each person. It may seem a little difficult as you may want to spend a bit more on one person as opposed to another, so you will need to be flexible. Also, try to stay within your budget as much as you can.

4. Do Not Have Unreal Expectations

Most people make the mistake of having unrealistic expectations of the holiday season. They watch films, see ads, and then expect too much from the holidays; so they end up overspending and getting stressed. You should be reasonable with your expectations and presents during holidays because they are not just about presents. Don’t get tempted to get a dream vacation package for the holidays. Don’t buy a brand new car just because it’s the holiday season. If you keep it genuine, then you can definitely avoid overspending.

5. Take Advantage of Discounts and Rewards

A lot of stores offer special discounts and rewards with membership reward cards or club cards during the holiday season. Furthermore, you can also take advantage of money-saving apps that offer refunds when you purchase selected things. It is recommended that you keep track of such offers as they will help you stay within your budget while shopping.


In conclusion, overcoming the temptations of overspending during the holidays can be challenging, however if you make plans and set limits, then you can truly enjoy the holidays without getting stressed.

The Travis Law Firm provides professional legal representation for Chapter 7 & Chapter 13 bankruptcy services for residents of all cities in Riverside and San Bernardino Counties. We have offices in Riverside, San Bernardino, Victorville, Temecula, Cathedral City and Ontario for the convenience of our Inland Empire, High Desert, and Coachella Valley clients. For more information about our bankruptcy law services and other legal representation, call us today at (951) 274-9501 or (951) 274-9501.