Printer Friendly

HOLIDAY SHOPPING: PLAN MORE TO SPEND LESS ADVICE FROM THE AMERICAN FINANCIAL SERVICES ASSOCIATION

 HOLIDAY SHOPPING: PLAN MORE TO SPEND LESS
 ADVICE FROM THE AMERICAN FINANCIAL SERVICES ASSOCIATION
 WASHINGTON, Oct. 13 /PRNewswire/ -- Many consumers have already begun their holiday shopping. And some will start the New Year wondering how they'll be able to pay their bills. According to Frances B. Smith, vice president of communications at the American Financial Services Association, you should "control your shopping before you're hit with the financial blues in 1993."
 Smith suggests putting some of the following advice into practice:
 -- Set a budget for holiday gifts and entertaining that puts a limit on what you can afford ... and stick to it.
 -- Make a list of all the family members, friends and co-workers who will be receiving a gift from you. Once you decide what you're going to give each person, put a dollar figure next to each gift and check the total to be sure it's within your budget.
 -- If the family list is lengthy and you can't afford a gift for each person, consider drawing names among the family members for gifts. Giving one special gift often means more to the recipient.
 -- For those small gifts for co-workers or neighbors, consider home- made baked goods, fruit jellies, herb vinegars, and mustards. These personal gifts are especially appreciated around the holidays.
 -- It saves a lot of time shopping if you can decide on a "class" of gifts for the men and women on your list, for example, different scarves or wallets for all of them.
 -- Some people find catalog shopping helps them keep within their budgets, because they can make decisions at home more leisurely. When ordering through catalogs, be sure the items will be delivered in time for your holiday giving. Also ask about exchange and return policies, and be aware of delivery costs that can mount up.
 -- If you plan to charge some of your larger purchases, check with the retail stores about special credit plans they might have for deferring payments without interest charges for several months. But be sure you can afford to make the payments at that time.
 -- Avoid last-minute shopping for "just something" to give to someone, where the temptation is to spend too much on something useless. Also be careful of spur-of-the-moment purchases that aren't in your budget. Those extra little gifts can add a lot to your total if you're not careful.
 -- Keep a running total of the costs of all your gift purchases so that you can compare the amount to your budget.
 -- Save all of your receipts for gift purchases and keep them in one convenient place. If you have to exchange or return items after the holidays, this step will make that process easier.
 "The key to controlling your holiday budget is to spend more time planning your purchases so you'll end up spending less money," said Smith. That planning involves not only watching your budget, but also starting early to ensure the best selection and sales opportunities. For some people, that's a process that begins right after the holidays, when they take advantage of those after-season sales and get a head start on their shopping.
 Since 1916, the American Financial Services Association has represented firms that provide financial services to consumers and small businesses. The national trade association also provides educational information to consumers through the AFSA Consumer Credit Education Foundation. For a list of publications, contact Terry Cummings at AFSA, 919 18th St. N.W., Washington, D.C. 20006, 202-296-5544.
 -0- 10/13/92
 /NOTE TO EDITORS: Smith is available for interviews./
 /CONTACT: Terry Cummings of the AFSA, 202-296-5544/ CO: American Financial Services Association ST: District of Columbia IN: SU:


SM -- NYHFNS11 -- 9059 10/13/92 06:56 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 13, 1992
Words:613
Previous Article:PREPARE FOR CHRISTMAS BY PHONE OR MAIL THIS HOLIDAY SEASON WITH HELP FROM CURRENT INC.
Next Article:HOLIDAY SHOPPING PACKAGE WELCOMES THE SEASON AT THE WESTIN BONAVENTURE
Topics:


Related Articles
Americans Stressing Over 1997 Holiday Finances
Halloween Shoppers to Spend More This Year on Candy, Costumes and Entertainment According to the American Express Retail Index.
One-Stop Holiday Shopping; 7-Eleven(R) and American Express Launch Prepaid Gift Card for Holidays.
Deloitte Survey: NY, CT and NJ Consumers Will Focus on Convenience More Than Price and Value This Holiday Season; Internet Has Become King; Most Plan...
Consumers Plan to Spend Less This Holiday Season, Survey Says.
Will Black Friday Leave a Black Mark on Your Credit Report? ABA Survey Shows that Last Year Most Shoppers Avoided the Holiday Credit Hangover.
Holiday News: Americans Spend More Than They Can Afford During the Season; MDRT study finds stress results as 2 of 5 Americans overspend, 30% use...
Gift Card Sales Help Boost and Extend Holiday Season for Retailers, Deloitte Survey Shows.
Holiday Confessions Survey Sheds Light on Whether 'Tis the Season to Give or Receive?
Gift Cards Change How Holiday Shoppers Shop, Shift Consumer Mindset, According to 2005 American Express Gift Card Survey.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters