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November 24, 2008

Tight holiday budgets spark guilty feelings

Posted: 04:46 PM ET

The busy holiday shopping season officially gets under way later this week. But what if your budget is tighter this year and you can't afford to buy more than the basic necessities?

Psychiatrist Patrice Harris from Atlanta, Georgia, has some ideas for those who are used to opening up their wallets during holidays and may feel bad about scaling back.

judy.fortin

1) Lower your expectations. It's not necessary to have the perfect tree and decorations. You don't have to spend a lot of money to have a nice holiday season.

2) Re-focus or re-frame. Take a fresh look at what the holidays mean to you and your family. Consider giving back by volunteering your time or donating used toys to a homeless shelter.

3) Scale back. Instead of giving everyone in your family or office a present, draw names or give a homemade baked good.

4) De-stress. Find ways to relax. Get enough sleep and exercise. Watch what you eat and drink.

With that kind of resolve, Harris says you'll relieve not just emotional stress, but stress on your wallet.

Judy Fortin's Health Minute segment runs daily on Headline News from 10am to 6pm ET weekdays.

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Filed under: Fortin • Health


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CNN's team of experts share their top tips to help you become a wise consumer. We know you're busy, and that's why our tips are quick and effective. From health to personal finance, we'll arm you with the information you need to make smart choices.

Contributors
Clark Howard is HLN's money expert, hosting his own show on weekends.
Judy Fortin
Gerri Willis is CNN's Personal Finance Editor, hosting Open House and appearing regularly on American Morning.
Gerri Willis
Ali Velshi is CNN's Chief Business Correspondent, hosting Your $$$$$ and appearing regularly on American Morning.
Ali Velshi
Dr. Sanjay Gupta is CNN's Chief Medical Correspondent and host of House Call.
Sanjay Gupta
Elizabeth Cohen offers up medical advice in her weekly Empowered Patient report.
Elizabeth Cohen
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