How not to go broke while doing holiday shopping

Stick to these tips and you will be able to focus more on the spirit of the holiday instead of the cost of it.

The holiday season means entertaining guests, decorating and, of course, gift buying. Stores definitely play their part offering deals and discounts to attract everyone to their stores, all to get you to spend more money than you intend to.

Just in time, here are a few tips so you can save more money than you spend this holiday season:

9. Budget

Many online websites offer tools such as spending worksheets and a calculator to estimate what you can afford to spend based on your income. Once you have determined that number, stick to it. Create a list of each person you need a gift for and include an amount to spend for them. Stick to it and mark through each person as you finish shopping for them. (Photo/Fotolia, @Jirapong)