No matter your discipline, the holiday season is always the season of spending. You probably have trips scheduled with your family, fancy dinners to prepare for, new outfits to get, and of course, some presents to get.
So, how can you spend more wisely?
- Create a list: This might seem a little silly, but a simple list can go a long way. Write the names of everyone you’re planning on getting presents for and how much you will spend on each of them. Collect and take advantage of coupons, sales, and time. Try not to leave your holiday shopping for last minute, the earlier you go, the more sale items you will find.
- Keep in mind your Cash Reward Cards: If you’re purchasing gifts with a credit card you have to keep your rates and rewards in mind. Some cards will allow you to have a little extra spending with all the benefits they provide. Some cards will make you go over budget with all their high rates. You must be careful!
- Buy gift cards: Some people find gift cards a bit cold and impersonal. However, gift cards are ideal to save money and to give people the choice of buying exactly what they want.
- Save for the big gifts: If you’re planning on getting a 65” flat screen for your significant other, save money ahead of time. You can start by putting $20 aside every 2 weeks on a separate account, so by the time you find something you like, you won’t overspend.
Remember, your spending does not have to become a headache. So, enjoy the holidays with your family and feel thankful.