If you are looking for some ways to save some money during the holidays, here are a few simple ways to help your wallet.
1. Make a Budget. Instead of starting with a list of people whom you have to buy for, start with a set amount of money that you are able to spend. Once you have decided upon a number, write a list of everything you will need to purchase during the holidays from Christmas gifts to holiday party favors to home decorations. Be sure to stick to the budget. If you spend too much in one area, adjust the other areas so you don’t overspend.
2. Pay in Cash. When making holiday purchases use cash instead of a credit card. People who use credit cards are more likely to buy more expensive things and spend more money. Credit cards have high interest rates and can take time to pay off.
3. Gifts Don’t Have to Cost Money. If you are looking to give someone a gift but it does not fit in your budget, don’t overlook the value of intangibles. Bake an extra batch of cookies, offer to baby-sit or even have your children make a special craft. Gifts are special because they come from the heart, not because they are expensive.
4. Send E-cards. Instead of paying for postage send someone you love an e-card. E-cards are free and are a great way to keep in touch with friends and family over the holiday season.Holidays can be costly but with a couple of simple money saving ideas, they can be fun and budget friendly! Happy Holidays!