7 Signs that you are suffering from Gift Creep

OK, so you've finished your Christmas shopping …. or have you? 

Will you be tempted to buy your friend that 'little extra'? Or find you've bought more presents than you needed and add to the relatives' pile?

Can't stop at one gift per person? 

You may be suffering from gift creep.

People rarely seem to give each other just one present these days. We hedge our bets and give two, or even three, gifts in the hope that one of them will hit the right note.

More than a third (35%) of people say they're disappointed with how the gifts they've bought look when wrapped up and fall victim to 'gift creep', splashing out on last-minute additions, according to research by Currys & PC World.

And nearly a quarter (23%) of people in their survey reported worrying that the other person has spent more, which can lead to nipping out for that little 'extra something'.  

It seems some of us just don't know when to stop shopping!

I've called this behavioural phenomenon ‘gift creep’ and this week, as we get closer to Christmas, is the danger period when we can fall victim to it and start piling on the presents. And that can really add to the cost of Christmas.

Here are my 7 signs you are suffering from Gift Creep:

  

   1.   You’ve finished your Christmas shopping but still buy little ‘extras’ every time you go out

   2.   You worry someone won’t like what you’ve bought them, so you add another gift (like some luxury chocolates) on top to soften the effect

   3.   Before someone visits at Christmas you look around to see if there’s anything else you could give them

   4.   After wrapping all your gifts you feel anxious that the size and number of parcels looks a bit on the small side

   5.   You lie awake at night totting up how much you’ve spent on people - then try to even up the numbers so as not to appear stingy

  6.   You’re all spent out …. but can’t resist those last minute stocking fillers at the till

   7.   You buy a gift for someone, forgetting you've already bought them something, and end up giving them both

So if you've finished, try to draw a line under the shopping and say 'enough's enough'! 

Otherwise, gift creep creeps up year-on-year until it reaches unmanageable, and un-financeable, levels.

To help present buyers, get their presents right this Christmas, Currys & PC World has launched a special Gift List service. The online tool makes getting the right gift easy and, as well as helping you pick the best presents, every day someone will win their entire Gift list throughout the festive period.

The summer money meltdown!

Have you noticed how in summer money just melts away faster than an ice cream in a heat-wave? 

Holidays alone can put a huge dent in the budget. 

Then there’s the pre-holiday shopping, summer wardrobe, pedicure and the cost of keeping the kids from killing each other for at least six weeks. 

That’s before you’ve even splashed out for a Pimm’s!

So August’s Sheconomics newsletter features ways to cool the financial pain. Free trips for kids, special bargains and even free festivals. 

Plus some sizzling ways to stick to a budget when you’re away.

And our round-up of quirky facts about the psychology of money makes for some mind-bending holiday reading.

So all in all we’d say -a newsletter not to be missed.

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