Autumn brings in a very expensive time of year and the more you can prepare now, the better off you’ll be.
We thought we’d share a few tips to get you on the right financial track to avoid a looming credit card bill come January.
· Set a budget. We all would enjoy buying our loved one’s extravagant gifts, but for many of us, that just isn’t logical. Decide now what you would like to spend on each person and stick to it. Knowing what you are spending now will get you in the money-saving mindset.
· Save money each week. It’s always a good idea to put money aside weekly, in smaller increments, and watch it build up over the next couple of months. Cut out that weekly latte or shopping trip and put the money in your piggy bank. It will add up.
· Start buying now. Another way to avoid the huge cash expenditure come December is to start buying now. Purchasing gifts throughout the Fall will seem less harsh on your wallet.
· Shop Black Friday and other sales. Retailers offer amazing deals leading up to the Holidays in anticipation of people buying. Don’t wait until the last minute and capitalize on great deals all season long, especially on the more expensive items on your list.
· Make your own. There are tons of great gifts that you can make yourself and save loads of cash. Plus, people love knowing that gifts were homemade. After all, it’s the thought that counts, right? Pinterest is full of wonderful ideas including homemade candles, soaps, and home décor. Another tried and true gift idea? Baked goods! Ingredients to make cookies and breads are very inexpensive and don’t take too much time to whip up. Bake them in large batches, wrap them in cute cellophane bags with a homemade gift tag, and you’re good to go!
It’s so easy to get caught up in the spending trap that is the Holidays and before you know it, you’ve spent way more than you ever intended on spending. Don’t let this happen to you this year! Plan ahead, make a gift budget that is realistic, and stick to it. Then, focus on inexpensive entertainment such as driving around looking at lights, baking cookies, and watching your favorite festive movies.
We promise that if you focus on what matters and not on spending as much as you can, you’ll thank yourself come December 26, and, you just might find that you’ve made even better memories.