The holidays are a special time of year for sharing good cheer, great food and generous gifts with the ones we love. But before you head over to the nearest shopping mall or plan that extravagant holiday party, consider how you could save some cash this holiday season.
Here are a few ways to keep your spending in order through December:
Set a holiday spending budget
When it comes to the word “budget” many people often think of complicated spreadsheets and restrictions, but that doesn’t have to be the case. A budget will help you set boundaries on your spending and ensure there no surprises at the end of the year. No matter how big or small your holiday spending budget, make sure it is realistic.
Plan your shopping-make a list
Shopping for the ones you love may lead to overspending. To help avoid going over budget make a shopping list. On your list include the individuals you plan to shop for and a budget for each person. This will also help you narrow down who really needs a gift and who could receive a special phone call or card instead.
Many holiday deals start following Veterans’ Day. Don’t miss out on savings by waiting until the last minute to do your shopping. Starting early will help you stick to your shopping list and allow you to shop around for the best deal.
Remember, making your money stretch during the holidays comes down to preparation. If you set your budget, make a plan and start early you can avoid excessive spending and bring in the New Year stress free when it comes to your money.
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