Christmas is one of the most stressful events of the year. Production lines and shopping centres eagerly wait for it and each year, traders yearn for higher sales and profits. Consumerism needs to be minimised drastically.

The huge expense of buying gifts, the pressure of last-minute shopping, and the heightened expectations of family togetherness can all combine to undermine our best intentions. For many consumers, the Christmas aftermath includes massive credit card bills that can take months to settle. Christmas definitely doesn't have to be a financial headache. A few practical suggestions can help reduce stress.

If you are part of a large circle of extended family or friends, then Christmas can be costly. Buying presents only for children and setting a cost limit will help reduce some of the stress.

If you procrastinated with Chris-t-mas shopping and don't feel like braving the busy stores, turn to your computer for help. Many online stores will let you place an order for guaranteed Christmas Eve delivery by next Wednesday.