Make a family rule - To avoid overindulging, agree to spending limits with your family and friends. For example, no gifts over $10, $20 or $50. When families stick to the rule, everyone saves and no one feels bad or embarrassed that they didn’t spend more.

Communicate with younger kids - Remind younger children about the true meaning of the season and make it clear why expensive gifts aren’t needed, especially in the current economic climate. It’s also the perfect time to start new family traditions that don’t center on exchanging gifts.

Use homemade decor - There’s no need to go overboard on decorations. Making your own can be both economical and environmentally friendly. A little paint, glitter and a few pine cones are a fast and festive way to spruce up your holiday décor. Or use last year’s decorations.

Holiday parties on a budget - Being the host doesn’t mean the entire party should be on your dime. Throw a potluck and ask guests to bring their own beverages. These types of invitations are perfectly acceptable and can save a lot of cash.

Stick to a spending plan - Before starting your seasonal shopping, determine how much money you have available for holiday spending. Create a list of gift recipients, set a budget for each gift and write down gift ideas before you set foot in a store. Allowing time for planning and comparison shopping will help you find the best selection and price.

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