Thursday, November 6, 2008

Thanks a lot, Todd

It still seems a little early to be talking about this, but Tightwad Todd has a post about people planning to be more thrifty this holiday season. Thanks a lot, Todd.

With the economy in a shambles, 76 percent of those surveyed say they’ll cut back this season.

  • Fewer people intend to charge this season’s gift purchases....
  • Far more consumers are trying to manage their spending. Fifty-nine percent say they plan to stick to a gift “budget;” that’s 17 percent more than last year. ...
  • When it comes to cutting back, most respondents -- 59 percent -- intend to give fewer gifts this year.
On the other hand, of course

Despite the penny-pinching, we remain a highly optimistic people. Eighty-eight percent of respondents say these holidays will be at least as happy as last year’s; and 28 percent expect them to be even happier.
And even though the article says that kids (and pets) will not be cheated out of their "fair share" this year, that's too bad, because the same thing applies to them as applies to anyone: When it comes to gift giving, less is more. One well thought out gift means a lot more to the recipient than a dozen fancy doodads. You might not think so - or rather, you might think so for yourself, but for other people, well... - but it's true.

Another site that's really worth looking at, on the same subject is the "Simplifying the Holidays" section at the Center for a New American Dream. This is an organization that I really like and am (modestly) supportive of financially. The site is full of good ideas, alternative gift registries, and a "simplify the holidays" PDF that's really worth looking at.

I'll say more about this as we get closer, or at least past, say, Thanksgiving.

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