|Detail from a Bergdorf holiday window, 2013. Marc Jacobs coat, Valentino dress.|
The gift-giving season will soon be upon us and I am curious to know if any of you have tips on how to manage what feels to me like a couple of months of bleeding money. I try to satisfy the wishes of my children, who usually ask for very specific and usually not too expensive toys, books or electronics. What to do about everyone else? If unsure what to give someone, I tend to stick to my classics of books, chocolate, expensive coffee, hand creams, Chanel nail polishes (for the fashionistas or grooming mavens in my life), or wine/liquor. It all adds up quickly!
I try to remember to start the gift buying in early fall so I can spread out expenses over a period of months, but the reality is it still ends up being mostly during November and December, which always ends in a spending hangover, and has actually resulted in my wanting to be on a spending diet. In one case, the spending diet lasted an entire year (Well, I tried anyway, I wasn’t perfect but I learned so much from the attempt)!
|Holiday budgeting on my mind!|
Part of my problem is that in looking for presents for other people I often see something I haven’t seen before and then I want it for myself. Show of hands if your holiday gift-buying season has ever looked like this: One for them, one for me!
|If I buy a Chanel polish for someone I will resist also buying one for me! Black Satin is one of my favorites.|
This year I am going to try to stick to the “I Want It” List—basically, not buying a thing (not one!) for myself, just writing on the list that I want it (or think I do). Then I will review the list in January to see if I still want the item. My experience with the “I Want It” List is that I forget plenty of things after I write them down and wait a month.
|A holiday card by Bella Pilar, one of my favorite fashion illustrators.|
|Groundhog Day window at Bergdorf in 2013. Iradj Moini jewelry, handbag by Marchesa.|
I would love to hear any tips you have for financially dealing with the season. Do you stick to a budget worked out in advance? Do you only buy presents for the young children in your life? Do you skip gift giving altogether and spend money instead on lavish entertaining (which I feel is a present unto itself, don’t you just love a fancy holiday party)? I would love to read your thoughts on this subject!