Christmas season is often synonymous to expenses or gastos in Filipino. After all, this is the time where people buy gifts to give, spend money on food, and simply splurge. It's that time of the year and it only happens once, so why not make the most out of it, right?

It's okay to give and splurge. What is not okay is when you are not conscious of how much money is going out of your wallet. In the time where goods are more expensive than few years ago, you need to be more careful and vigilant on where your hard-earned money goes. 

That being said, is it possible not to overspend this Season of Giving? The answer is yes. 

Here are tips on how to do it:

1. Always plan your spending ahead of time. 

This is important. Impulse buying may give you a certain sense of joy and fulfillment, but as you go home and reflect, you will realize that you don't really need that item you just bought. 

You can prevent this by making sure that you plan your spending ahead. This means make a list of possible expenses you will incur - gifts, grocery, personal shopping. Make a list of what gifts to give to particular people as well as food you will prepare for Noche Buena. You can also create a special holiday budget wherein all of the expenses this holiday season will be taken from there. It will also help to know which stores sell affordable, quality items and schedule a trip there. 

Early planning will help you a lot in ensuring that you won't overspend. 

2. Stick to that list. 

As soon as you made that Holiday List, make sure you stick to it. 

We know how tempting it is to buy that cute skirt that looks good on you in your favorite store, but is it even part of your budget? To avoid overspending, you need to be disciplined and committed to your spending. This way, you won't spend something that isn't planned and get to keep your budget intact. 

3. Support local sellers. 

The digital world made it easier for people to become entrepreneurs. The good thing about this is that it gave people like you an alternative to shop for quality yet affordable items. 

This Holiday Season, consider buying online. It will help you save money on gas, parking fee tickets, and other additional expenses when you stay in the mall. You get to complete your Christmas list at the comfort of your home and at the same time, you were able to support local sellers. 

That's a good cause, don't you think? 

4. Think twice before you hoard. 

Buying items in bulk may be cheaper IF you will use all of the items. If you only need one or two, then do you need to buy a dozen just for the P50 savings? Definitely not. 

Therefore, don't immediately hoard just because you saw that sign saying how much you can save. Think first whether you will be needing a dozen or just a one or two of it. Buying items you don't really need in bulk may not be helpful on your wallet. 

5. Two words: Mindful Spending

There's nothing wrong with spending. To make sure that you won't go overboard, it is important that you start to be more mindful of where your money goes. 

What does mindful spending means? It's all about being conscious of your spending. You value quality and meaningfulness in gift giving instead of getting the most expensive item in the rack. Don't let pressure get in the way just to keep up with what your friends are posting on social media. 

The bottom line is don't use the holiday season as an excuse to spend all of your money. Be wise about your spending and you will surely be on the right track towards financial freedom. 

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