One Million and Beyond

Overspending this Christmas

By Matt - Wednesday, December 27th, 2006

This year I was intending to spend between $350 and $400 dollars on Christmas presents. Unfortunately the reality is I spent closer to $630 on gifts this year. I bought more gifts for my fiancé then I was planning, I got my parents 2 gifts instead of the one that I was planning and the simple gift I wanted to get for my grandmother turned into a $70 gift. I was conscious of the fact that I was spending more money than I wanted to but the moment that I gave into the fact I was going to spend more I spent way too much. I guess the saving grace here is that I didn’t spend anything on credit cards and I bought gifts for more people than I was originally intending. To cap this off I did receive a $200 cash gift from my grandmother which if you add everything together would put me close to my intended target. But I’m not going to take that cash gift and apply it to my bank balance but I’m going to deposit it into my mutual funds account that I’ve earmarked for wedding savings.

The goal this year was to spend less on Christmas this year and even though I overspent I spent a lot less money than I did last year. It didn’t take away from the spirit of the season and next year it will be a lot of the same!

Overall I’m very happy with the outcome of this years Christmas both in loot given and received but also in the fact that it was a fun and happy time with so much eating that we’ll have leftovers for days! Now for the next big challenge keeping New Years tame and set up some very realistic goals for the New Year!

Technorati Tags: Christmas Roundup, Spending, Overspending, Christmas, Money

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