How To Save Money On Holiday Shopping In 2019
The holiday season can be a financially stressful time of year. However, if you prepare your budget for the holiday season you can avoid much undue stress. In this article, we’ll outline 11 holiday savings tips to help reduce your stress and help you save more during the holiday season of 2019. Let’s get started!
11 Holiday Shopping Tips To Save You Money
- Make A Budget & Stick To It
It’s quite common to get carried away with spending during the holiday season with all of the excellent online and in-store deals, along with expenses related to decor, food, and travel. Thus, the first step we recommend you take is to set a budget for all of these expenses and STICK TO IT! Some tips to get you started include:
~Set an exact amount you would like to spend for the entire holiday.
~ Price out each item. You can do so by looking online.
~ Keep your list handy. You can email it to yourself to keep on your smartphone for quick access.
- Research Before You Purchase
Naturally, we can get caught up in the holiday spirit by buying needless items, but doing this can add up quickly. So first, start researching the items you’re wanting to purchase. This is especially important with high ticket items. Your research should extend beyond product pricing to also include product reviews. Researching customer reviews will help you ensure you pick the best possible product for your needs. An excellent site to use for checking product reviews is Amazon.
- Use Credit Wisely
A credit card can be a great way to help you complete your holiday shopping, but keep in mind everything you buy on credit you have to pay back. Launch FCU has a great low-rate credit card . The low intro rate of the Launch FCU Credit Card could help you pay off your holiday shopping faster, and for less than your high-rate credit card. Apply online for yours today!
- Use Price-Match & Discounts To Your Advantage
You can check your local retailers to see if any are offering a price-match guarantee. This means they will match the price of a competitor or even offer the product at a lower cost. Plan to check online prior to Black Friday and Cyber Monday so you can maximize your savings. Additionally, you can google discounts for the items(s) you’re looking for and you might find them!
- Spend Less On Yourself Throughout The Year
Spending just a little less on yourself throughout the year can help you create some wiggle room when the holiday season rolls around next year. According to Randy Becker, owner of the Becker Retirement Group, you can save over $900 per year by cutting out a $3.89 latte each morning. In addition, you could save up to $1,400 per year by packing your lunches, instead of going out to eat every day during the work week. Cutting these two items out alone will provide you with over $2,300 in “found money.” This money could help you out a ton during next year’s holiday season.
- Don’t Go Crazy With Gifts
There are plenty of creative ways to save money when it comes to giving gifts. One option is group buys! Those with large families can pool their money together and give gifts jointly. Another option is to buy gifts just for the kids! There’s always happiness to be had by seeing the smiles on the kids’ faces as they open presents. Lastly, you could consider a secret Santa gift exchange and set a budget for how much to spend with a set budget or consider making your own gifts.
- Know When To Stop
This goes back to making a list and checking it twice. Once you have made all your purchases, stop shopping! It’s easy to keep shopping throughout the holiday season, but once you have completed shopping for everyone on your list, cut it off. Try to avoid unnecessary shopping trips to retail stores to avoid temptation.
- Consider A Personal Loan
If you’re like most consumers, you swipe your credit card a lot during the holiday season; however, if you are unable to pay off your credit card balance in a couple of months, you could incur a lot of credit card interest. This is especially true if you have a high APR. Consolidating your credit card debt to a low-rate personal loan after the holidays could be a great way to help you pay less in interest, and help you pay off your holiday debt faster and for less.
- Send E-Cards
E-Cards are a great way to keep friends and family updated, without having to pay postage. Best of all, many E-Cards are FREE!
- Buy Decor After The Holidays
It’s easy to be drawn to all the beautiful holiday decor in the stores during the holiday season, but why buy in-season when you can get the same products at a huge discount right after the holidays? If you can stick it out with your current decor this holiday season, and stock up for next year after the holidays, your bank account will thank you.
- Stick With Inexpensive Entertainment
Due to how quickly holiday spending adds up, it’s always a great idea to find low-budget ways of entertaining the family. Here in Florida, outside activities are always an excellent option! Finding areas that offer Christmas lighting events, parades, or even a meet and greet with Santa Claus can be fun for the entire family.
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