|May is for Mother’s Day|
Do you have a gift cabinet or closet or storage space of some sort where you can stash gifts bought year round? If not, now is as good a time as any to create a space or buy a container. An opaque plastic tub with lid might be good if you don't have an allotted space in your home. Decide where you would like to stash your gift supply before buying the container. If you have snooping kids, you'll have to be sneaky. You might get the under-the-bed box. If you get a larger box, consider faking kids out with a top layer of boring things like sweatpants, an old folded sheet, or newspapers. Then if they find the box while snooping in your closet, they will think it’s nothing and move on. Label it “Tax Stuff” to ensure that everyone avoids it!
A tip I received last year is to buy one gift card each month. By December, you’ll have a nice stash that you can give as gifts without the anxiety of spending all that money at once! OR, you might use the gift cards yourself for Christmas shopping. This will work if you prefer to do your Christmas shopping closer to the holiday instead of early in the year. Turning your cash into gift cards each month is almost like having a personal Christmas savings account! When you're ready to shop, you’ll know how much you’ve got on each card and be able to create a budget for gifts.