Don’t be afraid of the Christmas blues, you don’t need to fear January bills, there are simple ways to prepare and save money during the Christmas period. Start by putting money into savings each week and creating a holiday fund that you can use to buy Christmas gifts, gifts for your family and friends, and everything else you need. We have compiled a list of the best ways to save during the holiday season so you don’t get a blue holiday.
Start your gift list early, think about it, plan, and don’t let last-minute Christmas shopping get in the way. By setting a budget and planning, you can reduce stress and enjoy the holidays with less money in your pocket.
According to Statistic, US consumers said they spent an average of $752 on Christmas gifts in 2016, about $2,000 less than in 2015.
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If you’ve been eyeing DIY Christmas gift projects on Pinterest, now is a good time to start planning, but avoid excessive spending by coming up with a list of what you can comfortably spend on gifts at the beginning. Better still, have a plan for the first try that is more reminiscent of Halloween decorations than Christmas presents. When November is over, you will be inundated with Christmas shopping, so it’s best to start early, even if it looks like it.
One of the easiest and most insidious ways to save money during the Christmas season is to use your budget. You can add $10 here, $15 there in no time, and make the difference and hide it as a Christmas saving. I’m in my second year of budgeting for Christmas this year with a budget of $1,000, so I’ve used it for the last few years.
When the holiday season comes, you have a nice budget to shop for, and if you don’t buy gifts this month, you’ll add that money to your Christmas savings. If you see a gift that you can’t wait to pick up or sell, leave it hidden in your savings account for a few days.
The pressure to please loved ones and give your child the perfect Christmas is at the top of people’s list of reasons why they spend too much over the festive period. Christmas should be a time when you can give without feeling the pressure of shopping or debt.
Picking up the most important things from the Christmas market, such as crackers and decorations, can save you a lot, sometimes up to 50%. Consider the creation of Christmas savings account that the whole family can deposit into, saving money in this way.
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If you know what gifts to buy, it can help you choose items for the month, which helps you spread the cost and saves you the hassle of shopping when everyone else is.
When preparing your Christmas budget, you need to consider all expenses, not just presents, and you can avoid getting into debt as a result. Even if you’re not someone who spends extravagant amounts, creating a plan to save money for Christmas can help. With this plan, you can save a small amount each month and do not have to raise all the money at once.
Use these household tips to save yourself a lot of money on gifts, food, drinks, and cards. You can also save money by buying wrapping paper in Dollar Tree and Dollar General stores.
It is easy to get caught up in the celebrations and excitement of the holidays, but no one is planning to spend extra money. When you see the December sales and discounts, it can be tempting to get some extra gifts. You can draw up a plan to make sure you stay on track financially and write off holiday expenses such as food, gifts, and petrol.
Now let’s discuss how you can save money during the holiday season to ensure you get through the holidays in a financially sound way. If you create a Christmas budget and a savings plan, you can have a nice holiday without getting into too much debt.
First, make a list of all the gifts you want to buy and the maximum amount you are willing to spend per person. If you plan to use a credit card during the holiday season, keep track of all your purchases in one tab. Add the items you want to buy and pass on for fun, as well as all the items you need to hand in.
Don’t let the Christmas gifts you find in your budget cost as much as possible or even more than what you need for your family’s needs.
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While December can be described as a joyous gift, January can also feel like an extra bill. With a few simple changes here, you’ll be able to control your money better throughout the year.
I hope this article helps you with your Christmas holiday spending. And if you have any other ways of saving money during the Christmas season, you can share them in the comment section down below.