Dan: This holiday season is forecasted to set a record for the lowest amount of retail sales in U.S. history.  Even though, due to a global decrease of demand resulting in lower prices across a wide range of products, people will still be stringent this season.  Therefore, how are you going to balance your wallet and accomplish the same type of holiday season for your family and friends?

Try to seek out quality cost effective gifts.  Also, sometimes the best gifts don’t have to come with a high price tag.  If you know someone who is going to experience these types of anxieties in the coming months, give them a gift that will save them in the long run.  There are three main warehouse retailers whose annual memberships cost around $45 – $80.  Buy someone you know a membership, so that they can go out and take advantage of their two-step revene cost system.  Warehouse retailers obtain a majority of their profit from costless acceptance fees, and then sell their product slightly above marginal cost.  If you can get the membership for free, this is the best place to cost effectively shop for items when you need them.

Grace: A few years ago, my friend got her mom a membership to Costco as a Christmas gift, and her mother was absolutely thrilled.  It has really made shopping much easier for her mother, and she always wanted to become a member but never actually had the time to do it.  It’s always great to think of someone’s future well being when buying a gift, and the gift recepient is sure to feel the same.

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