Do you usually have the blues in January after all the extravagant Christmas spending? You don’t have to go through that anymore, now that you’ve found out this article. There’s definitely a way to avoid overspending on the holidays and careful planning, plus your willingness to do it will let you start the new year free of financial woes. Below are nine hacks to save big on this season of giving.
- Curb Gift Expense
Always make a shopping list and set a budget on the items you list down. Don’t forget to check out some online holiday offers to save more or get free shipping options. Grab the opportunity to use up coupons. A lot of discount codes are available online, so make use of them too. You will be surprised how much you will save by doing so.
- Avoid Buying Impulsively
Retailers presume on consumer’s impulsive buying habits, especially during the holidays. Please don’t give them that satisfaction. Always follow the list and budget you made. This is one way to keep track of your spending. Though it’s easy to give in to all the discount temptations around, and it’s actually okay, but just remember to reel yourself in.
- Minimize Travel Cost
Many people opt to travel locally or internationally during the holidays, and it doesn’t have to be expensive. You can significantly cut down the plane ticket cost by merely booking your ticket in advance and checking if your airline offers a free baggage check-in option. Keeping tabs of an airline company promotions and deals are a way to go, too.
- Prepare a Simple Meal
Most of us think that the holiday is an excuse to make a feast, but it really isn’t. In fact, a lot of food is wasted during the holiday season, so make sure you don’t – that’s money down the drain and a hole in your pocket. Consider stacking up on early deals of your favorite holiday treats in the grocery. Don’t waste leftovers too, as you can always make something out of them in the next few days or so.
- Decorate Within your Budget
A lovely Christmas decoration sure looks good, but it won’t be ideal for your bank account. Minimalism is a trend nowadays, and you should adopt this concept when decorating your tree. You don’t need to illuminate your entire neighborhood, so keep it simple and straightforward. Buy new Christmas ornaments a few weeks or months after December as there are a lot of clearance sales around.
- DIY Gifts
It’s the thought that counts. This is especially true during the Christmas season. Homemade gifts are more thoughtful and personal than store-bought items. Not only that, you’ll actually save a great deal of money by making gifts (or even cards) yourself. If you happen to have artistic inclinations, you can put this to good use.
- Start Saving Up for the Holiday Early
Okay. Perhaps you’ve already spent more than you should, it’s fine. There’s still hope for you to turn things around, next year. Think about starting your holiday savings earlier than the schedule so that you will have a budget next Christmas. Most of the time, people do last-minute shopping, and this is a very common mistake. Instead of saving on discounts, you actually get to spend more because it’s easy to do impulse buying.
- Forego the Entertainment
This doesn’t mean you have to spend a sad, dull Christmas – instead, it’s about spending time and enjoying indoor activities than going out to the musical or the movies. All you need is a creative mind to organize fun family activities everyone will enjoy, like playing card games or a nice backyard football. If you have a home entertainment system, the better it is.
- Make an Agreement with Family or Friends
People are usually bound with a moral obligation of gift-giving. It means that if someone gives you a present, you feel the responsibility to return the favor. To avoid this, try to make a prior agreement with your family or friends about not having to exchange presents this year. They will surely understand that you don’t have much to spend this year. Who knows, maybe they will even help you out!
We hope this list helps. Have fun on your holiday shopping and budgeting!