mobile-menu mobile-menu-arrow Menu
 

Christmas spending - does your attitude affect it?

 
Blog Filters

Recent Posts

 

This post may contain some affiliate links. Please read my full disclosure policy.
 

Christmas spending – does your attitude affect it?

gift-present-christmas-xmasThrough having different personalities, we all have different attitudes towards money.  Some people love money, others hate it, some find it easy to make money, while others struggle to make ends meet.  Christmas spending can really brings finances to the forefront of many people’s minds, and can cause heartache for many.

Every time you look at the TV there are ads showing the “perfect” Christmas, then there is Black Friday madness and also kids pestering parents to buy them the latest gadgets, so that they can be the same as their friends. Is it any wonder that National Debtline research shows that 23% of Britons report that they feel under pressure to spend more than they might really like?

I remember my kids always being really happy with the gifts that they got at Christmas, until they went back to school and saw what their peer group had got.  They then felt a bit hard done to!   I always felt sorry for them, but not so sorry that I would compromise my principles.  I feel that giving kids everything that they want is not the answer, because at some point they will come to expect that lifestyle and may not be able to fund it themselves, but that is another post!

You might think now, with the abundance of social media, my kids’ pleasure would be spoiled immediately when they see the piles of presents received by their peer group when they check in on Christmas morning.  Not so! Now that they are teenagers they are perfectly happy with their lot and are not impressed with the photos of piles and piles of presents.  That might sound a bit clichéd, but I genuinely believe that they mean it.

So I bet most of us know what the pressure to spend feels like.  It’s our attitude and how we react to this pressure that makes the difference.  Here are some ideas to help you to avoid giving in to the pressure to overspend.

christmas
Think about your attitude

Do you think you are good with money?  Or bad? Or awful? How you feel about your ability to handle money actually affects your ability to handle it.  If you think that you are rubbish with money, then you will often make bad decisions.  These bad decisions can then cost you more than you wanted to spend and even lead you into debt, which leads you to say “see, I told you I was useless with money!”  This then becomes a vicious circle of bad decisions, which you think gives you proof that you are bad with money.

To help you to change this cycle, think of someone you know who is good with money and think “what would ……………do?” when you are making a decision.  Simple, but it works.


Question yourself

Should I buy my kids everything they have asked for?  Is this the answer?  What does this teach them?  Should I give in to the pressure and spend more than I really want to?   What impact will this have on my finances?

How much can I afford?

It is useful to think about how much you would actually WANT to put towards your Christmas spending. How much can I afford?  How much feels right for our family? If you can find an answer to these questions, then drawing up a spending plan that is affordable to you and your family, will help you to have a more enjoyable and less stressful Christmas.

Making a list

Get into the habit of taking a list when you go shopping. It is so easy to get tempted by the bright lights and offers, especially at Christmas.  If you change your attitude and make it habit to only buy things from your list, then it can help you to spend less.  There are some fantastic apps which can help you to keep your list in an easy to access place.

 

I hope that these tips have helped you to think about how your attitude can impact on your Christmas spending, and throughout the year.

I wish you all a Merry Christmas and a Happy New Year.

Eileen x

I am Eileen Adamson, a Your Money, Sorted coach, working online with UK based women, helping them to develop a better relationship with money. By gaining an understanding of how their personality affects the decisions they make, I can help them to implement changes which will allow them to feel calm, positive and confident that they are in control and making good financial decisions. I can then support them to put into place simple strategies that will allow them to manage their finances effectively on a daily basis and create a stable, secure and exciting future for themselves.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Blog Filters

About Eileen Adamson

I am Eileen Adamson, a Your Money, Sorted coach, working online with UK based women, helping you to develop a better relationship with money. I can help you to understand your money mindset and implement changes which will allow you to feel calm, positive and confident that you are in control and making good financial decisions. By doing this I can help you to create a stable, secure and exciting future for yourself.

Get In Touch

Freebies

No gimmicks, just useful money tips. If you fancy receiving my freebies, then please click on the relevant button to subscribe, then I will send you the details. I promise not to bombard you with rubbish emails, or share your details with anyone else.

Freebies

If you have ever had a payday loan check out how you could apply for a refund. ... See MoreSee Less

Every Friday I pick a #paydayloanrefund success from the last week. This one's from Safetynet Credit debtcamel.co.uk/payday-loan-refunds/

View on Facebook
 

Coaching Services


Your Money Sorted

How would you feel if you had enough money to allow you to live the life you want? Feel richer, happier and more in control with a Your Money Sorted course

Learn More

Teachers' Pensions Retirement Planning

Imagine being able to put more money towards your retirement, while still creating wonderful opportunities for you and your family, today and every day. How would it feel to be debt-free, have plans in place to reduce your outgoings, yet still have money for emergencies?

Learn More

"jessicaPrevious to this course, I have never been interested in financial planning and have had a bit of an ostrich approach to finances. Eileen's course has showed me what information and services are out there, Eileen has made the course engaging and interesting and I have really enjoyed the financial review. Her approach is very relaxed, supportive and encouraging and she has definitely challenged my thinking. I would highly recommend the Your Money Sorted course for anyone who is looking to make positive changes."

Jessica - Bo'ness
© 2017 Your Money Sorted | Web design by Creatomatic