Gulf News readers put the squeeze on festive spending

Gulf News readers put the squeeze on festive spending http://archive.gulfnews.com/articles/08/12/23/10269366.html 12/23/2008 07:33 PM | By Rabab Khan, Community Journalist Dubai: Gulf News readers are spending less on presents, celebratory meals and are recycling decorations this Christmas. People are keeping a tab on their expenses in the light of the global economic crisis. George Joseph, an Indian expatriate, thinks Christmas would be a good time to start planning for next year. "If someone says that they have not been affected by the crisis, I would not believe it. Additionally, if the situation does not get better soon, it would have a large impact on our lives and spending habits," he said. Limiting expenses Before the recession, Joseph used to buy gifts for family members and friends on Christmas. However, he intends to fix a limit on the budget this year. "I would definitely buy gifts for children, but at the same time try to keep a control on the expenses." Malcolm Kemp, a British expatriate, agreed. "Regardless of the crisis, I would definitely buy gifts for my friends' children, just to see a smile on their faces," according to him. Noel Malicdem, a Filipino expatriate, has decided to reduce his spending and minimise the buying of gifts. "I would be buying gifts, but to me the cost of the gift does not matter. It is the thought that counts." Ineke D'Souza, a Pakistani expatriate, has chosen to skip eating out this Christmas. "We will probably have a small gathering at home, instead of eating out at a fancy restaurant. My family looked at some places and they were all charging at least Dh300 per head," she said. D'Souza's family has also decided to recycle the decorations from last year. Preparing in advance "We do not know what will happen next year as far the economy is concerned. It is better to keep a pinch on our budget and prepare in advance." Cissy George, an Indian expatriate, seems to be following suit, since she has invited family and friends to her place for a cosy Christmas dinner. "We are fortunate enough to have our jobs while many others have lost theirs. "This year, I will probably purchase inexpensive gifts and be arranging a simple gathering for friends."