Christmas Spending Without the Regret with Neile Simon

The holidays are meant to be a season of joy, generosity, and gratitude. Yet for many families, the celebrations come with a heavy dose of financial stress—stress that lingers long after the decorations are packed away. Our desire to bless others often leads to spending more than we planned. But it doesn’t have to be that way.Recently, we sat down with Neile Simon, Certified Credit Counselor and Director of Strategic Partnerships at Christian Credit Counselors, to talk about how families can give meaningfully, stay within their means, and refocus on what Christmas is truly about.Creating a Realistic Holiday PlanMost people enter the holiday season with the best of intentions. We want to show love, bless others, and create special memories. But somewhere along the way, those intentions can derail.Neile explains that a mix of cultural pressures makes overspending almost effortless: holiday sales, credit card offers at checkout, “buy now, pay later” deals, and social media’s endless highlight reels. Before long, the drive to be generous morphs into the belief that we must spend more to prove how much we care.And the consequences last far beyond December—financial stress, increased debt, and a January filled with regret rather than joy. The good news: overspending isn’t inevitable. Neile suggests starting early and planning intentionally.1. Decide what you can truly afford. Account for all holiday expenses—gifts, food, travel, entertainment, and even small traditions that add up.2. Set a total spending limit. Let this number guide every decision throughout the season.3. Use cash or debit when possible. “When the money’s gone, you’re done—and that’s okay,” Neile says. This simple boundary protects you from impulse spending.4. If using credit cards, treat them as tools—not the enemy. Used wisely, they can help you track your spending. The key is to stay disciplined and avoid taking on debt you can’t comfortably repay.Ultimately, a budget is not a restriction—it’s a path to freedom. It helps you enjoy the season without dreading the bill that arrives in January.Meaningful Giving Without OverspendingGenerosity isn’t measured by price tags. In fact, the most meaningful gifts are often the simplest.Neile encourages families to focus on personal, relational giving:Handwritten notesHomemade treatsShared experiencesThoughtful, small gifts with clear intentionHer own family keeps gift-giving fun by setting spending limits and doing a white-elephant exchange. “It takes the pressure off,” she says, “and turns gift-giving into shared laughter and memory-making.”When togetherness becomes the priority over possessions, Christmas becomes both more joyful and more affordable.If You’re Already in Debt, There’s HopeFor families already carrying debt, Christmas can feel like a tug-of-war between generosity and financial reality. Neile offers this encouragement: give within your means—even if it means scaling back.Why? Because responsible giving protects your finances, your peace, and your future.“Think of it this way,” Neile says. “A relaxed, stress-free January is far better than stressing out after overspending in December.”Scaling back isn’t failure—it’s stewardship. And it models wisdom and faithfulness for your children.Refocusing on the True Meaning of ChristmasAmid the lights, the gifts, and the traditions, it’s easy to lose sight of the heart of Christmas.“Christmas is a celebration of Jesus—the greatest gift ever given,” Neile reminds us. When our hearts are centered on Him, love and grace become the focus. Giving within our means allows us to celebrate joyfully, gratefully, and peacefully.And when we spend with purpose—anchored in Christ rather than consumerism—we experience a kind of joy that lasts long after the season ends.Need Help With Debt?If financial stress is weighing you down, Christian Credit Counselors can help. As a nonprofit ministry, they specialize in debt management—not debt consolidation—working directly with your creditors to lower interest rates and help clear the path toward freedom.Learn more at: ChristianCreditCounselors.org/Faith. On Today’s Program, Rob Answers Listener Questions:I’m an 84-year-old retired veteran, and my wife is 81. We have a $375,000 mortgage on a $3.2–$3.4 million home, a $140,000 portfolio, a 529 with $55,000, about $100,000 in gold jewelry, $40,000 in Social Security benefits, and $15,000 in credit card debt. We’re running out of money and need to tap our home equity. The VA offered a $400,000 loan, but would a HELOC or a reverse mortgage be better? Who can help us make the right decision?We’re receiving a $60,000 inheritance and have $10,000 in credit card debt. Should we use some of the inheritance to pay it off, and what should we do with the rest? My husband is disabled, and we’re in our 60s—so is investing any of it in the stock market wise? And should we tithe on the inheritance?I’m 65, still working full-time as a caregiver, and have about $900,000 in my 401(k). When should I start Social Security—now or when I retire in May 2026? And how do I know if I have enough saved for retirement, since I’m debt-free and have fairly basic expenses?Resources Mentioned:Faithful Steward: FaithFi’s Quarterly Magazine (Become a FaithFi Partner)Christian Credit CounselorsHome Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement by Harlan J. AccolaMovement MortgageWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. 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