by FINANCIAL POST If last Christmas got way too expensive way too fast for you, here are some tips on cutting back from Scott Hannah, president and CEO of the Credit Counselling Society, a non-profit organization.


  • Talk to your family and friends to let them know what you can afford to spend this year. The truth is no one wants to see their family or friends struggle financially or receive a gift purchased on credit.
  • You may be surprised to learn that many of your friends and family also want to cut back on their spending.
  • Use a spending calendar to nail down your holiday budget. Simply take a blank calendar and fill it in with what you can afford to spend and when you will spend it.

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