Before you hit the mall to get all of your presents or organize a big party for friends or co-workers, it can help to have a plan in place so you know exactly where your money is going this holiday season – that way, you can start 2019 with celebration rather than panic. Here are THREE simple ways to keep your spending under control this December.

1. Make a Budget

There are a couple different ways to set a holiday budget. You might want to establish a general spending cap, or try allocating a specific amount to each person on your gift list. Be ready to be flexible and forgive yourself for overspending…it is bound to happen.

2. Track Your Spending

Your budget does no good if you don’t effectively track your spending.  Have a note in your phone where you track spending and see how close you are to your budget!

3. Know When to Stop

When your list is finished, it’s time to stop shopping. Know when you’re finished, and avoid stopping by stores just for fun! This can lead to extra spending! I typically get the itch to shop a few days before Christmas, so I specifically save shopping for stocking stuffers until the last minute. That way, I’m still operating within my budget and purchasing something I actually need while fulfilling the urge to be part of the holiday hustle and bustle.

It’s all too easy to get caught up in the spending cycle during the holidays. Make a budget, track it and stop when you are done! Seems simple, but many don’t do this and are disappointed come January 1^st!