How to Manage Holiday Spending

This is the season to be jolly so they say. Big discounts and sales are happening in every store here. The treats will continue until early next year so it is hard to resist. Your urge to buy or spend is imminent and when this is over, you will realize that you overdid it.


Unfortunately, when you realize that you overdid it, there is no turning back. You cannot just return all the things that you have purchased because you have no money left. With this, it is very crucial that you learn how to manage your holiday spending especially here in Singapore. There a lot of things that you can do if you learn how to control yourself first.

After you learn self-control, the rest will be easy to resist and manage. So, here are some ideas and tips that you can consider to manage your holiday spending:

  • Save in advance: Saving in advance sounds simple but it is the other way around. There are people who are having difficulty saving. You have to discipline yourself because it can benefit you and your finances at the end of the day. Saving in advance means buying presents and other things but you still have enough for the next year.
  • Moonlight: If you think your work cannot sustain the bulk of presents that you will give, you can try moonlighting. You have to look for other part-time jobs for extra income.


  • Draw names: Giving presents is not the essence of the holiday. It is about celebrating with the family. So, if you have a long list and you cannot afford to give presents to them, you can consider giving them simple yet heart-felt things. If you want you can prioritize and draw names which matter the most to you.
  • Online shopping: There are people who consider online shopping because they cannot be seduced by other products they do not see. If you do not want to be tempted, you have to go for online shopping and just stick to your list. However, you have to be mindful of the shipping charges.

Ideally, you have budgeted and planned for the holidays but there are things that are just out of control. When this happens, you have to rely on your logic and do not let the sights of sales persuade you to spend more than your budget or plan. This is a challenge considering you are here in Singapore but it can be done. You just need to control your urges and live a stress-free holidays.


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