According to Cardweb.com, Americans spend an average of $700 per household for Holiday gifts. If you are one of those people who end up spending more than they can afford, read these tips to make this Holiday season a debt-free one.

Set Spending Limits

Make a budget and then stick to it. If you can only afford to spend $100 in gifts this year, then find a way to make that money count. "Develop a spending limit for each person on the list," says Steve Blankenship, a Certified Financial Planner™ professional and principal of Heritage Financial Planning. "Stick to your limit! No matter how much your grandson would love the latest and greatest Xbox game, keep in mind that you will have to climb as high financially as the hole you dig for yourself."

Make a List

Know what and who you're buying for before you hit the stores. While it's not ideal to be preset on something (you may stumble on a great deal for something unrelated), do have an idea in mind. Does your sister love writing? Plan on a diary or a fine pen. Has your best friend taken up painting? Get her a new set of brushes or an easel. A well-thought gift will be much more appreciated than an expensive trinket they can't use. Keep track of what gifts have been already purchased to avoid duplicates.

Tally the Extras

It's not only the big gifts that put a dent on your budget. You also need to account for all the little things. "Make like Santa and list all your holiday expenses," recommends Freedom Financial Network, LLC, a credit counseling and debt-consolidation service. "Include small gifts to teachers, babysitters, newspaper carriers, etc., which can add up quickly. Don’t forget extras you may have, such as cards, food and beverages for entertaining, and holiday clothing purchases." Small $20 gifts can add up into the hundreds if you're not careful. You may have to consider dropping people from your list if you truly can't afford to buy something for everybody. Another option is to shop at discount stores for little knick-knacks that will count as a gesture rather than a gift (a scented candle, a box of chocolates, a wall calendar).

Get Crafty

While not everybody in your list will appreciate a batch of homemade cookies, some definitively will. You don't have to be especially talented to make homemade presents –Think a coffee-themed gift basket for a java lover or a gift certificate for babysitting for a friend that desperately needs some me-time. If you do have a talent, put it to good use –Can you hand-craft soap? Do you know how to make your own potpourri? Do you have a secret recipe for chocolate chip cookies that everybody loves? Think outside of the box.

Know when to Stop

According to Freedom Financial Network, LLC, it's important to know how to quit --"When you hit your budget limits, stop. If you need hard-core support to keep yourself in check, leave credit cards at home and put each person’s budget in an envelope, in cash. When it’s gone, it’s gone – and you’re done." Do your children really need 10 gifts each? Do you need six new glass ornaments? Establish your priorities well in advance.

Stick to Cash

"If you really want to take control of your spending this year, forget credit cards altogether," says Blankenship. "Studies have shown that consumers spend significantly more when they use credit cards than if they had used cash. That is because cash if finite; it is easier to see your wallet’s cash supply is dwindling than it is to see credit card bills mounting."

Be on the Lookout for Scams

Another way to hold on to your money this Holiday season is by protecting yourself from scammers that take advantage of unsuspecting consumers. “This is typically the time of the year when many new and returning consumers begin to shop online for the upcoming holidays,” says Andrew H. Te, CEO of PowWeb, Inc., a Los Angeles global hosting company serving small and medium businesses. “Common sense should prevail when it comes to scams that arrive in the inbox of your email system. Don’t open email that looks suspicious, just delete it. "What else can you do to protect yourself when shopping online?

• Know who you're dealing with – Check out the company or buy only from well-established businesses, read their refund and return policy carefully, and only order on a secure server.
• Keep a record of your transactions, including receipts and any pertinent printout.

Other scams to watch out for are those related to organizations asking for donations –If you're giving your hard-earned money away, make sure it's really going to a worthy cause. The Better Business Bureau (BBB) offers a series of tips on its website on how to avoid scams this holiday season, including the importance of asking for written information to review before making a donation.

Look For Free Gifts

If you truly have no money to spend, there are many things you can give that can't be bought at the local stores --Take somebody to a free church or university concert, offer to baby-sit for a busy mom or cook for an elderly family member, or make a memory book with an inexpensive photo album. Remember, thoughtful gifts are worth a fortune.

Take Advantage of After-Christmas Sales

If there are some people who you don't plan on visiting until after the Holidays, wait to get them a gift –No reason to pass on the incredible sales that start on December 26th. While you're there, stock up on goodies you can use throughout the year, including wrapping paper, discount toys, and winter wear.

Push Your Focus Away From Spending

"While gifts are wonderful to give and receive, we have allowed them to become the focus instead of simply another part of the celebration," says Heidi Wanken, founder of Shopping Holiday, a group that encourages people to take a holiday from shopping. Recover the spirit of the season by focusing on helping others (volunteer at a shelter, a hospital, or a soup kitchen), valuing the little things (the batch of cookies your elderly aunt took an hour to bake), or starting a holiday tradition with your family.

"Far too many of us lose sight of our budgets when the holidays roll around and we spend too much without much consideration for the future," says Wanken. "Instead, we can choose to plan for our future while also sharing with others."