Weekly Gift Idea November 19, 2014: Lowering the Cost of Christmas

miserI have 34 living grand-kids. Some are married and have spouses. And of course, my children are married and they have spouses. During the last year, we have been building quite an inventory of great-grandchildren. So the cost of handling Christmas is giving exorbitant.

Every year I have said I’m going to stop buying because I’m getting old and I could run out of money if I don’t cut back. My wife has a full-time caregiver and the cost of taking care of her is over $55,000 each year. There are some cost in addition to that. Fortunately I have much of the cost covered by insurance.

But now I have to take the suggestion of some of my children. That is to join in the family pool and draw a name. So that’s what I’m going to do starting this year. I’m going to contact my children and have them put me in their family pool and draw me a name. That way I will only have to buy five family gifts so I can give them something of a bit more value.

Another way to cut cost at Christmas, is to cut down your list of those whom you would like to give to. Sometimes that is the only practical thing to do, especially if you are short on cash. You also can save by not buying on credit. Hide your credit cards for the holiday season and forget where you put it.

Credit card spending should be paid off at the end of each month.

You also can cut back on the amount of money that you are willing to pay for a gift.

Watch for the sales!

Ebenezer Scrooge

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