"It's the most wonderful time of the year," Andy Williams sings in the classic carol, but it's also the most expensive. Between hosting and attending holiday parties (wine for the hostess! new sparkly top!), gifts, and travel, the bill for holiday bliss can be a big one, which leaves you with more than family dynamics to stress about. (Most Americans rank holiday shopping as more stressful than traveling or spending time with extended family, according to a survey from e-commerce platform Needle.)

And here's what makes it worse: in a study from Credit Karma, more than half of respondents said they'd impulse-shopped to deal with feelings of stress, anxiety or depression.

"Stress spending is a bit like having coffee while you are stressed: It's an impulsive behavior that you think will calm you down, but all it does is make you feel even more jittery and anxious," Teodora Pavkovic, a psychologist and life coach tells NBC News.

"It's a vicious cycle because our excessive holiday spending plunges us deeper into debt, which then increase our feelings of fear, anxiety, guilt and shame," says Kelli Saginak, a life coach and professor, told the site.

Online spending in the U.S. is likely to grow nearly 15 percent in 2018 to a total of $124.1 billion. That's a lot of Tickle Me Elmos and Fidget Spinners. But don't worry, you can keep your holiday spending in check by avoiding these pitfalls.

You Don't Make a Budget

Savings for Christmas Shopping Clark & Washington

Got a holiday budget of $1,000? Sorry, that's not good enough. You also need to break that number down by person, Zaneilia Harris, author of Finance 'n Stilettos and president of Harris & Harris Wealth Management told US New and World Report. "The more organized you are and the more detailed you are, the better," she says.

It sounds like a job for excel, advises financial columnist Liz Weston. "Spreadsheets aren't exactly warm, fuzzy and cinnamon-scented," she wrote for the Associated Press. "But they allow us to see our total expected holiday spending and to make adjustments as necessary. (Adjustments are always necessary.)"

You Lean Hard on Credit Cards

Money Crashers

"Tons of research shows that people spend more money when they charge things," Kit Yarrow, professor emeritus at Golden Gate University and author of Gen BuY: How Tweens, Teens, and Twenty-Somethings Are Revolutionizing Retail told BankRate. "If you can pay with cash, you'll always be a little more aware of what those gifts cost."

You Let Your Emotions Get the Best of You

Timeline

Guilt gifting. Fear of missing out on a flash sale. When will turntables ever be this cheap again?!? Don't make yourself susceptible to the psychology of shopping.

If someone who wasn't on your budget gives you a gift, respond with a really thoughtful card or homemade gift—not by buying them an impulse bottle of fine Champagne. You want to show you value them, but that doesn't always require spending.

"What people have to remind themselves of is that money doesn't equal love or affection," Yarrow said.

Fire sales can also tap into our lizard brains and our fear of scarcity. Black Friday sales and weekend specials create emotionally charged and stressful shopping situations, and a fear of missing out can override common sense. "When everybody is grabbing for something, we feel we should be grabbing for it, too" she said.

Furthermore, don't let yourself be seduced by slashed prices and big savings, warns The Motley Fool. "If you buy a $500 dishwasher for $300, don't look at it as saving $200, view it as spending $300."

You Forget the Value of a Homemade Gift

Food in a Minute


"For some people, their love language is receiving things," Michelle Singletary, author of The 21-day Financial Fast: Your Path to Financial Peace and Freedom, told BankRate. Who's to say that "thing" can't be a homemade thing?

You can go big with a knit scarf or crocheted hat, or small with cookies, chocolate bark, jams, granola, homemade bread, soaps or candles. What about making beautiful, abstract watercolors and buying frames at Ikea? Aren't these gifts way more thoughtful than an Amazon gift card?

Or what about thoughtful vouchers? The parents of two-year-old twins will be overjoyed at a coupon for babysitting and your best friend would likely love lunch on you and a trip to the art museum.

You Fail to See the Big Picture

Small Business

A guaranteed way to spend your holidays feeling drained is to spend the next six weeks at the mall, looking for parking, and elbowing fellow shoppers out of your path at Williams-Sonoma. What makes the holiday season memorable is all the other stuff: fires, time with loved ones, twinkly lights, rich hot cocoa, and festive events.

Kelli Saginak suggests thinking about how to create a meaningful holiday season "with minimal stress on you, your body, and your bank account.: Ask yourself:

  • How do I really want to feel during the holidays?
  • What type of holiday do I really want to create and experience?
  • What conscious responsible actions will allow me to spread holiday cheer, lower my stress and not add to my money problems?

Celebrating is not the same as shopping, Mary Hunt, founder of DebtProofLiving.com and author of 7 Money Rules for Life, told Bankrate. What we enjoy is the ceremony and the feast of the senses.

"The sights and sounds of Christmas were the reason [my family] loved the mall," Hunt says. "So I would just take a few bucks in my pocket to get a hot chocolate and a cookie. Our purpose was to go see Santa, or to go see the decorations and ride the train." She also remembered the most memorable year being the cheapest.

"The best Christmas we ever had was when we decided to spend $100. The $100 goes fairly quickly. So what do you do for the rest of the season? You visit, you make hot chocolate. We spent the holiday with people and not in the stores. It was, by far, the best holiday ever."

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Over two years into the most momentous event in our lives the world has changed forever … Some of us have PTSD from being locked up at home, some are living like everything’s going to end tomorrow, and the rest of us are merely trying to get by. When the pandemic hit we entered a perpetual state of vulnerability, but now we’re supposed to return to normal and just get on with our lives.

What does that mean? Packed bars, concerts, and grocery shopping without a mask feel totally strange. We got used to having more rules over our everyday life, considering if we really had to go out or keeping Zooming from our living rooms in threadbare pajama bottoms.

The work-from-home culture changed it all. Initially, companies were skeptical about letting employees work remotely, automatically assuming work output would fall and so would the quality. To the contrary, since March of 2020 productivity has risen by 47%, which says it all. Employees can work from home and still deliver results.

There are a number of reasons why everyone loves the work from home culture. We gained hours weekly that were wasted on public transport, people saved a ton of money, and could work from anywhere in the world. Then there were the obvious reasons like wearing sweats or loungewear all week long and having your pets close by. Come on, whose cat hasn’t done a tap dance on your keyboard in the middle of that All Hands Call!

Working from home grants the freedom to decorate your ‘office’ any way you want. But then people needed a change of environment. Companies began requesting their employees' RTO, thus generating the Hybrid Work Model — a blend of in-person and virtual work arrangements. Prior to 2020, about 20% of employees worked from home, but in the midst of the pandemic, it exploded to around 70%.

Although the number of people working from home increased and people enjoyed their flexibility, politicians started calling for a harder RTW policy. President Joe Biden urges us with, “It’s time for Americans to get back to work and fill our great downtowns again.”

While Boris Johnson said, “Mother Nature does not like working from home.'' It wasn’t surprising that politicians wanted people back at their desks due to the financial impact of working from the office. According to a report in the BBC, US workers spent between $2,000 - $5,000 each year on transport to work before the pandemic.

That’s where the problem lies. The majority of us stopped planning for public transport, takeaway coffee, and fresh work-appropriate outfits. We must reconsider these things now, and our wallets are paying

the price. Gas costs are at an all-time high, making public transport increase their fees; food and clothes are all on a steep incline. A simple iced latte from Dunkin’ went from $3.70 to $3.99 (which doesn’t seem like much but 2-3 coffees a day with the extra flavors and shots add up to a lot), while sandwiches soared by 14% and salads by 11%.

This contributes to the pressure employees feel about heading into the office. Remote work may have begun as a safety measure, but it’s now a savings measure for employees around the world.

Bloomberg are offering its US staff a $75 daily commuting stipend that they can spend however they want. And other companies are doing the best they can. This still lends credence to ‘the great resignation.’ Initially starting with the retail, food service, and hospitality sectors which were hard hit during the pandemic, it has since spread to other industries. By September 2021, the US Bureau of Labor Statistics reported 4.4 million resignations.

That’s where the most critical question lies…work from home, work from the office or stick to this new hybrid world culture?

Borris Johnson thinks, “We need to get back into the habit of getting into the office.” Because his experience of working from home “is you spend an awful lot of time making another cup of coffee and then, you know, getting up, walking very slowly to the fridge, hacking off a small piece of cheese, then walking very slowly back to your laptop and then forgetting what it was you’re doing.”

While New York City Mayor Eric Adams says you “can't stay home in your pajamas all day."

In the end, does it really matter where we work if efficiency and productivity are great? We’ve proven that companies can trust us to achieve the same results — or better! — and on time with this hybrid model. Employees can be more flexible, which boosts satisfaction, improves both productivity and retention, and improves diversity in the workplace because corporations can hire through the US and indeed all over the world.

We’ve seen companies make this work in many ways, through virtual lunches, breakout rooms, paint and prosecco parties, and — the most popular — trivia nights.

As much as we strive for normalcy, the last two years cannot simply be erased. So instead of wiping out this era, it's time to embrace the change and find the right world culture for you.

What would get you into the office? Free lunch? A gym membership? Permission to hang out with your dog? Some employers are trying just that.

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Did you hear about the Great Resignation? It isn’t over. Just over two years of pandemic living, many offices are finally returning to full-time or hybrid experiences. This is causing employees to totally reconsider their positions.

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