As the holidays approach and we prepare ourselves accordingly, we often don’t realize how expensive the month of December can be. Putting up decorations, buying presents, and preparing meals for visiting relatives are all part of the experience, but they can cost quite a lot. If you find yourself in the position of needing to save money this winter, have no fear. There are a number of different ways that you can budget during the holidays and still have a wonderful time.
Make a List
Take a page out of Santa’s book by making a list to help you prepare for the holidays. Impulse buys and last minute shopping can be brutal on your wallet, so avoid them at all costs. Instead, plan ahead for who you need to buy for and how much money you can afford to spend on each person. Not only will this help you keep your budget down, but creativity thrives under limits, so you might surprise yourself by getting your loved ones better presents than usual.
Don’t Use a Credit Card
Buying the holiday gifts and supplies with a credit card may seem like a good idea, but people can often get a shock when they receive the bill. Instead of buying on credit, plan out how much money you’ll need to use beforehand and pay with cash. This helps you keep track of your money easier.
Choose Stores Wisely
Certain stores will cost more than others. Take the time to determine which shops are holding sales or whose prices are lower, and then do your shopping there. Some planning on where you will be shopping can help you save vast amounts of money.
photo credit: Gerard Van der Leun via photopin cc