If you are like many people, you spend a small fortune on holiday gift giving. If this is a part of your reality, you should really save up for this expense. Many people put all of these purchases on credit cards and then spend the entire next year paying them off. You should reverse this cycle and save prior to the event. Then, spend only the cash that you have on hand. This will put a cap on how much you spend and will save you from the added cost of the interest over the course of the following year.