Ten Holiday Spending Tips for 2003
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"Ten Holiday Spending Tips for 2003"

San Diego, CA -  'Developing a strong resistance to seductive appeals to spend more money than one has allotted for the holiday gift giving season, just barely a month away, is a main goal among many John and Sue Workhards this year. It seems to be especially hard for some people not to overspend during the holidays because of an emotional need to express love, appreciation and friendship," said Paul S. Richard, a Registered Financial Consultant (RFC) and Executive Director of the nonprofit Institute of Consumer Financial Education (ICFE), an award winning group based in San Diego, CA.

Developing better spending techniques is one way people can help eliminate overspending and keep from getting all charged-up with plastic again this holiday season. Here are some useful spending tips and
ideas for holiday shoppers from the ICFE.

1) Create a written plan for holiday spending and gift giving a month or two in advance. Include your gift list, possible gifts, dollar amounts, and alternative choices.

2) Establish spending limits for gifts for each person on your list and start looking for bargains early.

3) If it has been a challenging year financially, you need to shrink your holiday gift list. Begin by talking with those you exchange gifts with, perhaps suggesting not exchanging gifts or mutually observing much lower dollar-limits on gifts.

4) Separate shopping trips (when comparing prices, quality, value, etc.) from spending trips (when making a purchase), and resist taking cash, credit cards, or a checkbook on the shopping trips.

5) Wait for those sales! Look over the advertising and sale flyers for items you intend to purchase.

6) Ask retailers when the items you are interested in buying are coming on sale. Most retailers will reveal sale dates because they don't want you to shop their competition.

7) Spend cash and avoid using credit cards. Charge cards tend to promote indiscriminate spending. Credit card users often say they had no idea how much they spent on the holidays until the credit card bills arrive in January or February of the next year.

8) Liquidators, buying clubs, and factory outlet stores usually offer lower prices. Bulk buying with other family members or friends can also yield savings.

9) Giving gifts to adults on New Year's Day is also very special. You can really take advantage of all those after Christmas sales which begin the day after.

10) Make more of your gifts at home. A freshly baked loaf of bread, cookies, and desserts are always appreciated. Also arts, crafts, needle-work, or a collage of photographs of you and or your family make
wonderful gifts too.

This holiday season manage your money so expenses don't exceed income.  Its important because everyday spending decisions, especially the credit based ones, will have a far greater negative effect on one's financial future than any investment decision one is likely to ever make. The ICFE's Web site at http://www.financial-education-icfe.org has many helpful spending tips and worksheets for setting up a one-page spending plan and more. To receive the same information by mail, please send $1 and a self-addressed, 60 cent stamped envelope to: ICFE Spending-Plans, PO Box 34070, San Diego, CA 92163.  
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About the ICFE:

The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation).  The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. 
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org).  CASDRAP disbanded in 2010, shortly after the web site project was completed.  In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.

The ICFE is also an on-line help for consumers who spend too much.  ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.

Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org.  Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G,  a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.

About the ICFE:

The Institute of Consumer Financial Education (ICFE), founded in 1982 by the late Loren Dunton (creator of the 'certified financial planner' (CFP) designation) and it is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. The ICFE trains and certifies Personal Finance Instructors for its own curriculum. It also trains and certifies Credit Report Reviewers and Identity Theft Prevention Specialists.

The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, now in its 16th printing and has distributed over one million 'Credit/Debit Card Warning Labels' and 'Credit/Debit Card Sleeves' world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.

The ICFE is also a partner in the national Jump$tart Coalition for Financial Literacy and the California Jump$tart chapter. The ICFE staff is also active with San Diego Saves, an offshoot of America Saves, and the California Student Debt Resource Awareness Project (CASDRAP) (studentdebthelp.org).

The ICFE's on-line help for consumers who spend too much was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from 'The Money Instruction Book,' a course in personal finance, positioned to become among the premier programs in the new bankruptcy and debtor education initiatives.

The ICFE Web site at: www.financial-education-icfe.org helps consumers with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and videos and how to teach children about money. Other ICFE services include a free eNews, and an online resource center of financial education learning tools, including videos, books, software and personal finance courses.

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