25. How to Create the Perfect Holiday Shopping Budget
Jason Chen is a big advocate for realistic spending limits during the holiday season.
Step-by-step budgeting plan:
- Set a maximum total spend.
- Divide it category-wise (gifts, electronics, home, travel, etc.).
- Prioritize high-value items first.
- Avoid EMI/credit purchases unless necessary.
- Track your spending daily.
The hidden danger:
Holiday sales create an illusion that “everything is a great deal,” which tempts shoppers to overspend.
Jason’s rule:
“If it wasn’t on your list before Black Friday began, you probably don’t need it.”
