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Easing the Holiday Crunch

Tips to Lighten the Financial Burden

By Kristine Prugh

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Lisa, a mother of two in Stamford, Conn., agrees. "I have a Christmas Club that is my saving grace," she says. "It is a payroll deduction so I don't even miss it, but boy am I glad to see the money in October. I still charge everything to get miles on my credit card, but have the cash to immediately pay it off."

The Early Bird Gets the Worm

If the weather outside is frightful and you would much rather be inside sipping eggnog than battling the crowds at the mall, then shopping early may be the answer for you. Many people benefit from buying gifts throughout the year to avoid the money and time crunch during the holidays. Ellen, a mother of three grown children from Atlanta, makes lots of purchases early. "Most of the time, I'm as happy with my purchases in December as I was in June," she says. "All I have to do is picture the crowds and long lines at the malls to make me very satisfied with all my pre-holiday purchases."

Christina, a consultant and mother of 1-year-old Trevor in Chicago, recommends this approach. "I do this quite a bit, but less to avoid the money crunch (I've actually never thought of it that way) but more because I've found something that I know the individual will love or to not feel overwhelmed with the gift-buying process," she says. "I bought my mom an Italian ceramic Biscotti jar in May because I found it in a store in Boston, and I knew she'd love it." Christina says she's also bought holiday items after the season to use next year. "Two years ago I was in Las Vegas in early January and bought my entire extended family glass-blown ornaments that were 75 percent off," she says. "I knew they would all love them, and I usually buy something small for them. I would not have bought them at full price."


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