The holidays are approaching, and it’s time to start saving money. With Christmas and Thanksgiving around the corner, you’re probably going to be putting back some money. Saving money for the holidays can be stressful, but you don’t need to worry. With these money saving tips for the holidays, you’ll be saving up money in no time.
- Start a budget early. Depending on how much you want to save, consider starting a budget early in the year. Each month, you can put some money away for Thanksgiving and Christmas and it won’t feel like you’re taking out this huge chunk of money.
2. Decide how much you’re willing to spend. Before you start spending, you need to decide how much you plan on spending. Think about who you’re going to buy gifts for, how much you’re going to cook, and whether you’re going to have any other celebrations around the holiday. This will allow you to budget how much you want to spend on gifts and food for the holidays.
3. Get creative. I know you probably want to go full out in buying gifts for your friends and families. Keep in mind, you can think of more creative gifts or foods for holiday meals that aren’t as expensive. Remember, the thought you put into gifts is what is important. Consider making homemade gifts.
4. Credit cards. Many people pay for all of that holiday stuff with credit cards, and a smart idea. However, make sure you have to money put back to pay off your credit card. If you don’t have the money put back, you’ll have to worry about paying more due to interest. Have the majority of money put back so you can pay off your credit card as soon as possible.
5. Take advantage of black Friday deals. If you want to purchase a gift that is usually pretty expensive, consider going black Friday shopping. Think about things that you can buy for yourself that aren’t gifts as well. For example, if you’re thinking about getting a new slow cooker, go ahead and get it while it’s on sale.
6. Cut down on the small stuff. Do you buy a coffee every day even though you don’t need it? Do you buy stuff from that $1 bin that you won’t even use? Skip buying all of the small stuff that you don’t need. It may not seem like it, but it can save you a lot of money in the long run.
7. Make it list. How many times have you went into a store to get one thing and come out with 10? Make a list and stick to it. This will keep you from buying those things you don’t need.
8. Compare prices. Look at different options for the gifts you’re planning to buy. Compare prices between stores and consider looking online for cheaper options.
Trying using these money saving tips for the holidays to have the best (and least stressful) holiday season yet. You can also work from home to save some money for the holidays. If you’re a college student, here are some tips to save money specifically for you. Share and comment if you have any other money saving hacks!
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