If you’re really strapped for cash this Christmas, you can always give away so-called IOUs (stands for “I owe you”). Donate a day of quality time to a friend for an activity of their choice or save a weekend in your calendar for cleaning out your grandparents’ rain gutters. You can also donate your time instead of money to a charity and do some volunteering. As an added benefit, research shows that spending time with loved ones or in a community boosts happiness – so it’s a win-win situation.
Hopefully, these tips will prove useful to you in the coming weeks.