Preparing weeks or months before the holidays not only saves you a lot of cash but can also avoid a stressful last-minute shopping and shortcomings. It’s never too early to save up; wait til the big day is close by and you might just find yourself spending more than you have and could have when you prepared for it.
Buy cheap yet thoughtful presents, a ticket back home, and more. Here are a few ways that can help you financially and mentally in preparation for the Christmas season.
Set up a budget and stick to it
This is a no-brainer and an effective tip that has been tried, tested and recommended by many: determine a budget and stick to it. This shall help control your spending and remind you that you have no unlimited cash so spend within your budget and means.
In addition, this will help keep the temptations at bay. An item at a store may catch your attention and you may want it badly but would you really shell out for that unnecessary spending? You won’t if your budget restricts it and if it isn’t on your list.
Make a list
Speaking of lists, make one. Before you even hear the carols and feel the season, make a list of the things you need to buy, foods you need for the festivities, people you’ll give presents to, and a treat for yourself. Whatever it is you need, make a list and include these things in it. This shall also prevent you from forgetting anything or anyone.
Kids don’t care about the price tag
Don’t worry too much about looking for that perfect present that’s worth hundreds of dollars only to gift to your 2-year old nephew. They’re too young to really appreciate these things and quite frankly, they don’t care about how much gifts are. Cliché as this may sound, it’s the thought that counts.
The same thing goes when picking out presents to friends and family members. Shelling out big bucks is not mandatory so long as you show them how important they are to you.
Track your spending
Your spending this upcoming holiday can go overboard so if you don’t keep track of it, you’ll certainly find yourself with your jaw on the ground once you lay eyes on your billing statement or feel the emptiness of your wallet. Keep track of every purchase you make so as to avoid overspending. This should also help you stick to your budget.
Bite great bargains
Stores and retailers will take advantage of the Christmas season, therefore, putting up bargains, discounts, and big sales, especially if the big day is just around the corner. There will be great deals, Black Friday discounts, and lots of sales you can take advantage of as well, of course, with limitation. No matter how great the deal is if you don’t need it and it’s not on your list, walk away.
Cut back on your expenses
In the weeks leading to your big shopping day a.k.a Christmas shopping, spend those days cutting back on your daily expenses. This could mean skipping your daily morning step-by to your favorite café and instead, brew your coffee at home or in the office or packing lunch instead of eating out. This will help you save more and fast for the season instead of waiting for your Christmas bonus which by the time it arrives, last-minute shopping will be hellish.
Have you got anymore saving tips in preparation for the coming festivities? Share your tips and tricks with us!
About the author: Chie Suarez has spent time figuring out ways on saving money and stepping away from her go-to retail stores. She then became a writer for Speedy Money which offers hassle-free loans services.