"It is easy to go overboard in buying gifts for loved ones. The excitement of lavishing loved ones with gifts is great, but spending more than you can afford can make the whole experience counterproductive. First and foremost, the Christmas season is not all about spending money and exchanging gifts. Rather, it is a religious exercise designed to recognize the birth of Christ."
"While giving gifts to one another during this period is a beautiful gesture, it is important to spend wisely without forgetting the essence of the season. Spending judiciously starts from being financially responsible by not letting your emotions take over your reasoning. In some cases, the habit of spending more than you can afford can be an indication of the social and psychological factors."
"Some people tend to go out and start buying things when they are stressed. Looking for a better alternative will help. Here are three potential problem areas and suggestions for dealing with them. Emotional Spending. People have different ways of dealing with stress. One of them is going to stores and indiscriminately buying stuff. Have you ever gone to the store to buy one item and ended up buying two other items or more?"
Holiday periods bring increased promotions, heavier shipping demand, overtime for delivery, and elevated travel, producing higher stress. Managing expectations protects financial and mental wellbeing. Overspending on gifts often stems from emotional reactions, social pressures, or unclear family traditions, and can make the season counterproductive. The Christmas season centers on recognizing the birth of Christ rather than consumption. Spending wisely requires resisting impulsive purchases, questioning unclear or burdensome traditions, and postponing major financial decisions when under pressure. Identifying emotional spending triggers and seeking better alternatives reduces regret and preserves both relationships and financial health.
Read at Psychology Today
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