The holiday season is the time for giving, love and friendship. Not only that, but it is also the largest shopping time of the year. From Black Friday through to Christmas Eve, there are sales, extended store hours and internet stores opened to meet the high demands of their consumers.
Let’s face it. The Holiday season can get expensive. Rather than putting yourself in debt or flattening your wallet this year, it is a good idea to take measure to save money this holiday season.
How to Save Money this Holiday Season
1. Have a Budget in Place
Before you set off on your holiday shopping spree, it is a good idea to ensure that you have a budget in place. This can help you to avoid overspending.
2. Make Lists
Once you have determined your budget and what you can spend, create a list of those you will be giving gifts to this year, organizing them by the amount of money you will be spending on each person. Having a list, will make sure that you don’t go over budget, keep you accountable and help you to make sure you have everything organized prior to the season of gift giving.
3. Compare Prices
Always make a point to compare prices prior to setting off on your holiday shopping adventure. Make sure that where you intend to purchase a specific gift from, is the cheapest location. There are many apps designed to help you compare prices, print coupons and even reap the benefits of any memberships you have, so remember to always shop around.
4. Don’t Buy on Impulse
Never purchase a big-ticket item impulsively because you may think it’s a great deal. With your emotions high and the spirit of the season consuming you, it is easy to make quick decisions that leave you feeling as though you are drowning in debt. Sleep on it, comparison shop and make sure you can afford it prior to just jumping in head first.
5. Store Receipts
Always store your receipts until after the holiday season. This will help to ensure that you get your money back if there is anything wrong with the item purchased and sometimes if you purchase something at full price and see that it goes on sale at a much bigger discount, you can return the item and get it for the cheaper price.
6. Buy Early
The lowest prices are often found far before the seasonal sales take place. Making sure to go shopping early in the year for presents for the holidays is a great way to take advantage of sales, plan and avoid overspending. In fact, some of the best deals take place after the seasonal sales have ended, so the earlier in the year you start your holiday shopping, the better.
7. Opt for Secret Santa
Rather than individually purchasing gits for every one of your friends and family members, opt for secret Santa gift giving. This makes sure that everyone receives a gift, without everyone having to go overboard with their spending.
8. Visit the Dollar store
Your local discount or dollar store is a fantastic place to visit when doing your holiday shopping. This is because items like wrapping paper, tape, bows and gift tags are generally inexpensive, allowing you to nicely wrap your gifts without breaking the bank.
9. Keep it Simple
Holiday shopping doesn’t have to be complicated. Keep the gifts your purchase simple and straightforward. If you have a lot of people on your list, simple gift cards can go a long way and are an inexpensive way to ensure that its recipient can purchase something they are actually going to use.
10. Know When to Stop
When you have completed your list, it’s time to stop shopping. Avoid mall trips just to browse as this can lead to purchases you didn’t intend to make. Once your list is completed, so is your holiday shopping.
There are many ways to save money this holiday season. It is important to pay attention to details, don’t overspend and know when to stop. The holidays are supposed to be fun and exciting and it’s the thought that counts not the amount.