It can be easy to spend beyond your means during the holidays, especially when you’re supporting loved ones abroad (click here to check the latest exchange rates). Here are three ways to avoid overspending as the holidays approach. 

Create a budget

Write out a list of the people you’d like to purchase gifts for and note how much you’re comfortably willing to spend on each. This way, you can start saving toward a specific goal. You can also use this list to keep track of your spending while you shop.


Start holiday shopping today

It’s never too early to begin thinking about gift ideas. Keeping an eye out for presents over the course of several weeks will not only save you time and stress, but also help you find more meaningful gifts. It also gives you a chance to shop for deals and order products in advance so you don’t have to worry if they’ll arrive in time.

Consider alternative gift options

Creating a homemade gift can be more impactful than anything you could purchase from a store. Sending a friend or family member something you have taken the time to create can leave a lasting impression.

Send the gift of cash

Giving the gift of cash is an affordable and simple way to remind loved ones that you care. If you’re thinking about sending your friends and family a money transfer this holiday season, you can always check Pangea’s latest exchange rates here.

The best time to start planning your holiday purchases is now. Having a plan can help you avoid overspending and stress when the holidays finally arrive.