Did You Know? You Can Shop For The Holidays On A Budget!

Did You Know? You Can Shop For The Holidays On A Budget!

It’s supposed to be the most wonderful time of the year, right?  Yet, for many of us, it tends to be the most stressful time of the year!

How are we supposed to purchase gifts for everyone on our list without breaking the bank? Well, we have a few tips to help minimize that burden and to help you enjoy yourself this holiday season without overspending!

  1. Create a list and stick to it!
    Of course, you will have a few exceptions, but creating a list will help you keep an eye out for a particular item and hopefully allow you to find the best deal! You will focus on only buying that gift!  And, you will feel less inclined to stop and look at other items as you shop.
  2. Set a budget!
    Creating a list will help narrow your search, but setting a budget and knowing your spending goals beforehand will help you stay on track financially as the season heats up.  There are many tools online to help you create spending categories, set spending goals, and track ongoing expenditures.  Be realistic about what you can afford to spend!
  3. Start early!
    It is never too early to start shopping! You will be extremely happy that you did once December rolls around and you have a jump start!  Retailers heavily discount merchandise several weeks before the official kick-off for the holiday shopping season.  And, if you are brave enough to venture out on Black Friday, you may find some amazing deals on the gifts you are looking for!
  4. Pay cash!
    Use cash when going out to shop! You will be more inclined to stick to your budget if you don’t use a credit card for payment.
  5. Get creative!
    Store bought gifts are great, but homemade gifts are often more meaningful and most recipients truly appreciate your time and effort.
  6. Sell some stuff, save loose change, and/or create a holiday account…ideas for next holiday season!
    Selling unwanted stuff is a great way to build up savings for the holidays.  And, it helps you clear clutter!  Have a garage sale, sell items online, take gently used clothes to a consignment store…there are lots of options.  Choose a designated jar to throw all your loose change in throughout the year.  This can yield big results over time!  Or finally, create a savings account at your bank and put a small amount into the account every week.  By the time the holidays roll around, you will have a little extra money to spend.

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