Christmas Eve is only a week away, and many other holidays are being celebrated at this time including Hanukkah and Kwanzaa. Even if you’re running behind on your shopping, that doesn’t mean you have to overspend this holiday season. Check out these tips on how to celebrate while saving money and your peace of mind:
#1: Create a budget
#2: Plan ahead
Start shopping early! This gives you extra time to look around and compare prices. This extra time will also keep you from making impulse buys, or having to pay extra for express shipping.
#3: Know that just because something is on sale, doesn’t mean you can’t find a better deal elsewhere.
Even if something is on sale, that doesn’t mean it’s the best price available. You should still look around and price check for a better deal.
#4: Cut back on nonessential spending
Try to limit unnecessary expenses during the holiday season, such as last-minute trips or eating out. You can apply any extra dollars to your savings or holiday shopping budget.
#5: Get creative
Thoughtful gifts often mean more than expensive ones. Think outside the box and give friends and family something homemade or of sentimental value instead.
#6: Avoid credit cards
If you tend to go over budget, consider using a prepaid card for holiday expenses. You can buy them at most retail stores and preload them with a set amount.