6 Tips for Saving Money During the Holidays
With the holiday season just around the corner, there are many traditions that we have and look forward to. As fun as the holiday’s can be they can also be extremely stressful, especially when it comes to thinking about our spending. We are buying gifts for everyone we know, purchasing foods to bring to parties, and spending all that is needed to make sure our homes are decorated with holiday spirit. In order to help you and your wallets this holiday season, here is a list of 6 tips to help you save money during the holidays.
- Make a budget:
Before you begin your holiday shopping decide how much money you are going to spend on either each person you are buying gifts for, or in total. If you decide to make a total budget make sure you are recording how much you spend on everything you purchase, so that way you don’t go over your budget.
- Track your spendings:
Try to stray away from spending money on your credit card, so that way you aren’t overwhelmed with credit card bills after the holidays are over. Instead try bringing a certain amount of cash with you when you go shopping and only spend that.
- Have potluck parties:
Holiday parties are an important tradition for many families and groups of friends. Rather than assigning one person to cook everyone make a list and have everyone sign up to bring something to the party. This way the cost is split up between everyone.
- Make a list, and check it twice:
Make a list of everyone you will be purchasing gifts for and check to make sure you have included everyone important, and left out those you may not necessarily need to buy gifts for.
- Focus on the meaning of the gift, not the price:
Many times we think the meaning behind the gift relies on its price, but that is not true. Sometimes the best gifts are something small that has a significant meaning for you and the person you are giving it to.
- Send e-cards:
Holiday cards are a big tradition for many families, but they can be very expensive to produce, and mail. Rather than spending hundreds of dollars on printing holiday cards create your own e-cards and email them to people. You may have to spend a small price on the template depending on what site you use, but in the end it will be much cheaper than printing and mailing cards.
We hope these tips are helpful for you when it comes to budgeting your money this holiday season. Make sure to enjoy this time of year with your friends and family, as it can create incredible memories for yourself and those around you!
- This week we will be having a Pathways to Educational Excellence Workshop, contact us for more information.