The holiday season is here! Are you financially and mentally prepared to have the best time with your family and friends? If yes, then I wish you a Merry Christmas and a Happy New Year. If not, you are in the right place. We will show you the different ways to save during the holidays.
According to National Retail Federation, consumers are planning to spend an average of $1,007 dollars during the winter holidays. For those living within the Equator, winter holidays are basically Christmas and any other holiday like Winter Solstice, St. Lucia Day, New Year, etc.
Do you have a budget? If not, you do not have control over your money. Create your holiday budget before you risk starting your new year buried in debt. Create a shopping list and decide how much you can spend. Most of all, track your spending.
This method can save you a lot of money, especially if you have a huge family. If you are not familiar with this method, think of it as an arrangement where each member of your family is assigned another member to whom he or she buys a small gift anonymously. The other option is to buy all the gifts yourself, that is an expensive endeavor!
Some shops tend to have mid-season sales with discounts. You have to keep an eye out for such offers. Additionally, Black Friday is around the corner for those that are already set financially. This will not only save you money but will help you spread out your budget. Most shops run out of stuff before Christmas or increase the prices due to high demand.
This might sound easy, but it is not. It requires extra thought and effort. Once created, homemade gifts are hard to reject, especially if you have included items that will incite memories.
Instead of paying for that expensive family dinner or buying extravagant gifts, you could bake together, watch your holiday favorite movie, find free local events, or donate to a children’s home.
It is hard and expensive to keep up with all these holidays, but there’s no way around them. You have to save to spend. In case you are looking for ways to save for the holiday season, we recommend Table Banking. It is a funding strategy that will help you financially.
I hope this article has enlightened you on ways to save during the holidays. Not only that, we hope it will motivate you to save during this holiday season. Come back next year and tell us how much you saved during the holidays and by how much. We wish you and your family a magical holiday season!