The holiday season doesn’t have to be a stressful time of year. Baking cookies, spending time with loved ones, and catching up on classic holiday movies should be at the top of everyone’s list during these next few months. With this blog, hopefully you can learn a few tips on how to save money during this holiday season!
Create a holiday club account
Having a holiday club account will help you save money throughout the entire year. This type of account can be useful as you can choose to have a specific amount of money automatically deposited into a club account every week or however often you would like. You can watch your clubs grow and have full access to the funds whenever you are ready to start your shopping.
Although you may not be in the holiday spirit in the middle of July, it may be worth it down the road to start shopping early. By getting ahead, you not only will be able to get the presents you want in a timely manner, but you also will not have to worry about your gifts coming late. You may be thinking that you will miss Black Friday deals if you shop early, but odds are, there will still be some type of sale any time of year you shop. Think of it this way: you will miss the large crowds and no more 1am wake up calls for Black Friday deals! You can shop in the comfort of your own home at your convenience.
Create a personal budget for the season
Having a budget doesn’t just have to be for personal finances. Creating a budget for the holiday season can be a critical move for you and your wallet. A simple budget can be done by merely creating a maximum amount for each gift. By doing this, you will have a better idea of how much you are going to spend. Keep in mind, the only way it works is if you stick to it! Make sure to be strict with yourself, and create a budget ahead of time, that way you can hold yourself accountable for the money you spend on gifts!
Although we are in a different time now, being that COVID-19 has altered the way we shop in person, it would still be useful to compare the prices of items, both brick and mortar and online prices. Some prices may be similar, such as Amazon and Walmart, but it could be helpful to compare prices with other stores and even local small businesses that carry the product you are looking for. Shopping around for deals could take some time, but it could save you money!
Not only can making a craft be fun, but it will likely save you money too! Usually, even after you purchase all the supplies, it ends up still saving you money compared to buying a gift for someone at a retail store. Making a craft for someone also makes the gift more special as you took the time to create something for a loved one; that makes it a win-win for everyone!
Getting prepared for the holidays can be easier for you if you apply these budgeting tips that you can use all year long. These tips can make gift giving for loved ones more enjoyable and less stressful. By forming small habits, such as creating a holiday club account, saving money for the holidays could steer you into the right direction and save you money all year long. Now that you know these tips, it’s time for a hot chocolate by the fire surrounded by friends and family!