It’s that time of year again. For many of us it’s merry plus a lot of stress. Money, budgets, and a sense of obligation often make us spend more than we should only to regret it in January when the credit card bills arrive. Save yourself the stress this year with these tips for shopping local for the holidays.
The B Word
Before you begin shopping, know how much you’re spending on each gift by preparing a budget, the unloved but much needed b-word. Think of budget-friendly ways to thank people like homemade cookies for the neighborhood party or cards for friends who are out of state.
Large families pick names and buy only for the one person; that way everyone gets a gift and no one breaks the bank. Find what works for you and stick to the dreaded b-word – budget.
Four Gift Rule
Even if Grandma and Grandpa like to spoil the kids, Santa likes to stick to the four gift rule.
- Something they want.
- Something they need.
- Something to wear.
- Something to read.
If you’ve met this list and have money left over, stop spending. Instead, put the money away for school activities or college tuition. You’ll thank yourself later when you’ve got money stashed!
I’ve been passionate about shopping local since my days as a young woman in Iowa. Supporting the local hardware store meant the big box store lost business and I was happy to help! Now that I am a resident and business owner in Gilbert, I am an avid supporter of vendors, musicians, artists, and all local businesses.
Why is it important? Not only is it a passion of mine, shopping local matters to the economy.
According to Independent We Stand, for every $100 spent at a locally owned business, $68 stays in the community. When you shop at the big box or other non-local stores, only $43 of every $100 stays in the community. That’s $25 that could be staying in Gilbert and Arizona and it goes somewhere else. Ouch!
Not sure where to shop? Check with the Gilbert Chamber of Commerce and keep an eye on local social media sites like Gilbert Farmers Market for the best gift ideas from local businesses.
Here’s to your budget-friendly shopping from businesses close to home!
Are you ready to discuss your financial goals with Gilbert, Arizona's Most Successful Dave Ramsey Smartvestor Pro?
East Valley Smartvestor Pro Financial Goal Planning and Retirement Planning Advisor. Serving the East Valley Region of Greater Phoenix area. Watch the video of your city below.
Chandler, AZ: Your Dave Ramsey Smartvestor Pro
Queen Creek, AZ: Retirement Financial Goal Planning
Mesa, AZ: Saving for Education with 529 Plans
Tempe, AZ: Women, Pensions, 401k & Divorce