The leaves are still on the trees, and we haven’t yet seen our first snowfall, but it’s not too early to think about holiday spending. Between gifts, food, and travel, expenses can add up quickly. Considering that money can already be tight, here are some ways that you can make the holidays more financially manageable:

• Start early: Planning gifts and travel ahead of time can save you money and ensure that you’re only spending when you can afford it. This approach allows you to buy presents when they’re on sale and to book hotels and travel tickets when they’re cheap. This not only saves money but relieves stress about last-minute shopping.
• It’s the thought that counts: Many people have creative hobbies and skills that are perfect for the holidays. While there can be anxiety around whether someone will like what you got them, nothing beats a custom-made gift. Instead of spending money on expensive gifts, spend your time and make something filled with love.
• Share the cooking: Holiday meals can make a significant dent in bank account balances, so don’t be afraid to spread out the responsibility. If you have people coming over for the holidays, ask them to bring something to the table. Even if you’re just asking for people to contribute sides or desserts, it is less that you have to make and, more importantly, less that you have to buy. This also allows people to bring their must-have holiday dishes without you having to make them.
• Build a budget: While it sounds simple, just writing out a proper budget can make a huge difference in keeping your holiday spending under control. Decide how much you want to spend on gifts for specific people. You might not want to spend the same amount on your cousins at Christmas as you do your children. Be honest with yourself about how much you want to spend and stick to it. And don’t forget to factor in expenses like wrapping paper and tape when you plan your budget.

The holidays will always be expensive, but there are plenty of ways to ease the financial burden. You might also want to take some time to reflect on how you could do things differently next holiday season. You can even make it your New Year’s resolution to start shopping earlier next year.

Pheonix Gilbert is a management trainee for F&M Trust.