Do you know budgets and diets have one thing in common? They both get ruined during the holidays. You try to stick to your plan but then you find everything going out of control when Christmas lights turn on.
Get ready for the holiday season ahead!
It’s time to reduce post-holiday stress by saving and spending wisely without sacrificing any of the holiday excitement. Before you indulge in the marathon of gift-buying, look at these tips to make smart choices and save money this holiday season – ring in the New Year with celebration rather than panic.
1.Make a List and set a budget
Make a list of everyone you plan to buy a gift for, what you’re willing to spend and a budget estimate on the basis of what you decide to give each person on the list. It gives you an approximate figure that will help you in managing your holiday budget. Setting and sticking to a budget can help prevent frugal spending
When you plan your budget:
a) List everyone you plan to give gifts
b) Brainstorm gift ideas and write maximum amount you will spend
c) Brainstorm other holiday costs from decorating to parties to travel
d) Add everything and if you are comfortable then go ahead or else go back and trim your budget
2.Take Advantage of Loyalty cards
Do you have a loyalty card from your favorite retails stores and supermarkets? If you don’t have one yet, you’re missing out some great deals and offers. Loyalty cards offer points/rewards on your every purchase. After a certain amount of accumulated points, you can convert them into cash and use them within the store. This can help you to save money on holiday shopping.
3.Shop with the right credit card
Use your credit cards strategically to earn back money as you shop for gifts. A cash-back credit card can provide 1% or 10% cash back on all purchases or on certain types of purchases. Cash back rewards can be redeemed for bank account deposits, statement credits, redeem for gift cards and merchandise.
Get credit cards that reward your purchase but make sure to pay balances in full and on time. Also, make sure that you know the fine prints when you apply for any financial instrument.
This is the perfect way to save money on holiday gifts. Buy them on sale. Even though it has its own shortcomings as it can easily lead to impulse buying and derail your budget. Keep a close eye on Black Friday or White Friday sales, Cyber Mondays and online deals. Stick to your list, compare prices and pick up the best gifts.
5. Use Vouchers and Discount Coupons
It’s the perfect time to use promotional tools like gift vouchers and coupons to get the best price for the purchase. You can check out Groupon to get some perfect deals and coupons.
“While most of them will not lead to serious price reductions, the discounts will add up in the end particularly if you have a long list of people to buy for!” – Lendgreen Loans
You can know more about Lendgreen Loans and get an instant solution to an emergency financial needs.
6. Re-Gift A Present
What is re-gifting? It’s an act of receiving a gift, then after a period of time, giving it to someone else.
This is still a taboo but it’s actually the perfect way of giving something that you own but you’ve never used it. It is also the perfect way to minimize spending on holiday season. If you got a gift card to a store you never visit or don’t like, it’s fine to regift it or if you receive a bottle of wine (sealed) you probably won’t drink, it’s very safe to regift it. But make sure to avoid giving it to the person who gave it to you. (Wink)
7. Homemade Gifts
If you wish to give something that is unique, special and personalized then Homemade gifts are the perfect option. It is difficult to choose a right gift for your loved ones but homemade gifts are very fulfilling for the giver and receiver. So, start searching for a perfect DIY on Pinterest and gift it to someone close. Follow me on Pinterest! 😉
What makes a gift special is the amount of thought that goes into it and not the amount that goes out of your wallet.
What is the best holiday present you’ve ever received? What made it special?
Read some essential beauty hacks, every woman should know, here.
Lots of Love,
Disclosure: This is a sponsored post brought to you by Lendgreen. The opinions are completely my own based on my experience.