Holiday Shopping on Your Retirement Income
Shop the Internet - It's no surprise that the number of shoppers hitting the 'Net to buy holiday gifts has increased many-fold over the past few years. Internet shopping means sidestepping crowds and, in many cases, finding a bargain. Online book and music stores often undercut regular retailers' prices, even when adding in shipping charges.
When you see a price quote (including shipping) on the Internet, call a few comparable local stores for prices. Internet sales are usually by credit card, so be sure you are committed to paying off that bill as soon as it arrives. If you're uncomfortable giving your credit card number out online, many Internet retailers now provide a toll-free number to call. If you don't have a computer, keep in mind that many libraries now have online access for visitors.
Give the gift of time - Still stumped on what to give your sister? She may be quite happy if you spend some time taking her to dinner. Other gifts of your time may cost nothing. Homemade coupons pledging you services - such as lawn-mowing or grocery shopping - can be a welcome alternative to sweaters and tree ornaments.
Take a tax break - If there's someone on your list who is tough to buy for but generous in nature, make a donation to their favorite charity in their name. This move may be appreciated especially by older recipients who have moved into a smaller home and don't want to add any more items to limited space. In addition, you can usually deduct your donation from this year's taxes.
Start shopping for next year in late December - Experts say post-holiday sales on wrapping and trimmings alone can save you hundreds of dollars.
Shop throughout the year - Come January, remember that you have a whole host of "holiday clearances" ahead - that is, pre-packaged Halloween candy makes terrific stocking stuffers or Hanukkah gelt. If you have a pool or visit the beach often with children, August is the time to buy floats and water toys at deep discounts.
And a Happy New Year
Starting 2001 off with only a limited amount of holiday debt sounds appealing, doesn't it? It's not impossible, especially if you plan ahead now for next year. After all, if you believe as many of us do - that the holidays have gotten way too out of hand - then starting with yourself to "tone it all down" may
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