The Holiday season is upon us and so is senseless spending. Now more than ever, there’s no place like home for the holidays, when prioritizing ones’ health and safety by staying at home, you too could save a lot of money by refraining from travelling, attending parties and such.
Despite all the bonuses and sales December brings, January always have financial woes. To avoid greeting the New Year with Yuletide debt, here are six ways to help you save money for the Holidays.
It’s the thought that counts, remember? Unleash your creativity by creating DIY projects that you can easily accomplish during your free time, or do something that you’re really passionate about. Giving something homemade like baking cookies, hand-poured candles or handmade jewelries can still show your gratitude and enable you to save money during the holidays.DIY candles can surely be a sweet gift this Holiday season.
Shopping without a budget is automatically a recipe for disaster. Buying gifts for those you love, plus spending on Holiday decors and the much-awaited Yuletide feast sure are fun, but you’ll regret those come January when your credit card statement is unreasonably high.
So before you start your Holiday shopping, set a realistic budget and stick to it. Answer the following questions as well:
Knowing these numbers in advance will help you stick to your budget when you’re shopping.
December is often the last hurrah of brands to unleash their greatest deals. It’s the perfect time to shop for all your Holiday gift essentials. Be smart by comparing prices religiously and making sure the store hasn’t upped the prices just to offer a 20% discount for example, which puts the original value of the product again.
We live in a better place because of coupons! Search online and through your emails for coupons at almost any store. Print them out or save them in your phone and use them as you shop in store or online. It’s a great feeling when you shop something at a discounted price.
These plastics are handy, but they can be dangerous at Christmas time. Some credit card customers end up with a holiday debt that lasts way too longer than the Holiday season itself.If you’re going to use your credit cards, use them responsibly and pay off the balances right away.
Once you’ve set your Holiday budget and list, use cash for your purchases. It’s hard to shop responsibly using your credit cards, with all the great holiday deals here and there, instead of saving more, you could end up really buying more than what you need. When you use cash, you are not just visually but also physically aware of how much is in front of you, how much have you spent so far and how much is left in your budget. You won’t be tempted to over-spend if you don’t shop blindly and if you use the cash in front of you responsibly.
This Holiday season, may you learn the art of shopping responsibly. Happy Holidays from your Ole Group family!