I don’t let the holidays become burdensome to my wallet. I plan my Christmas shopping and use tips to save money and spend less during the holidays and incur less or no debt too.
Here are 10 tips to help you spend less money during the holiday season:
1- Set Your Shopping Limits
Set your limits and stay within them. It’s easy to get carried away with the Christmas music playing all over the shopping mall, stores and other retailers. Know your limits and learn how to say no!
2- Create A Holiday Budget
Make a list of everyone who is on your shopping list and set a maximum amount you will spend per person or per gift. Don’t be afraid to scale back if you have too many people and gifts on your list. Christmas won’t be as joyous if you’ve successfully put yourself into unwanted debt!
3- Setup A Holiday Savings Plan
Set up an automatic transfer of funds to a special savings account that is just for gift giving. While it may be too late for the 2016 shopping season, there’s no better time than the present to get started for next holiday season!
4- Shop Throughout The Year
Shopping for holiday gifts throughout the year is a fantastic way to thwart over-spending at Christmas. Plus you’ll have the added benefit of saved time and less frustration dealing with busy malls and store with parking that are nearly impossible to get without having some luck on your side.
5- Use Cash Back Shopping Sites + Cash Back Mobile Apps
I cannot stress this tip enough! Cash back shopping sites and mobile cash back apps are a must! You save today, earn cash back and you could be shopping with the funds you’ve accumulated or choose to save it for your next family holiday. Here are the top sites to check out:
Online Shopping Portals:
- Checkout 51
6- Stack Your Savings With Coupons Whenever Possible
I always look for coupons to help reduce the amount I pay on my purchases. Print coupons, tear pad coupons, online coupons, mail out coupons and even mail-in rebates.
7- Use Cash Or Debit Only
It’s wise to avoid the dreadful credit card trap that many people fall into during the holidays. Use cash or debit only when holiday shopping. If you are a disciplined shopper, you could pay for your purchases using a rewards credit card and then use your cash or debit card to immediately pay off the purchase. You’ll earn rewards points and you got the gift or present too!
8- Give Gift Cards Instead Of Gifts
Giving gifts cards is an intelligent way to stay within budget during the holidays. Get creative and wrap gift cards into bigger boxes, use tins, slip them into books, make a mason jar gift card holder or step it up a notch and turn it into a DIY snow globe, or you could even present the gift card in a zippered wallet.
9- Forego The Gifts, Adopt A Family Instead
Adopting a family is so much more rewarding than the amount of money you can save with this tip. Some agencies are looking for monetary donations for needy families and others prefer to provide details about the family and you shop for them. Either way, this is a real feel-good gift idea, especially once the kids grow up.
10- Homemade Gifts Are Making A Comeback
Homemade gifts are fashionable again! Gift away your talents. Make a scarf, bake cookies, create unique handmade soaps, knit a sweater, make a family quilt, paint or draw a picture, etc. Whatever your talent is, homemade gifts are usually cherished more than store-bought because they come from the heart and people tend to save them, display them in their house, wear them and tell the story behind the item.
In addition to these 10 ways to spend less during the holidays; look for ways to earn extra holiday money, so you can spend less of your hard earned money on gifts. I use Swagbucks, Qriket, iRazoo (referral: 55HNDY) and several other rewards sites and survey sites to earn a little extra holiday money.
What tips are you utilizing to save on holiday shopping? Please leave me a comment below.
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