The holidays are a wonderful time of year to spend time with family and friends. Many of us would like to shower these loved ones in gifts. However, navigating the budgeting and shopping processes can be tricky for all of us. To help, we’ve outlined a number of ways to make your holiday shopping as financially responsible as possible.

Set a Limit for Your Holiday Spending Budget

If you are truly serious about monitoring your finances during the holiday season, it is crucial to set a budget for the gifts that you plan to buy. To start, make a list of all the people you want to give gifts. Next, list or estimate the price of the gifts that you plan to give to each individual and sum the total. If this amount is more than you have saved or will be able to spend based on your monthly …