The holiday season is upon us once again. And before we know it, it’ll be flying past in a blur. Save money on your holiday shopping by using the following holiday shopping tips this season:
Holiday Shopping Tips to Save Money
Make a list of gift recipients. During the holidays some people get the overwhelming urge to buy for everyone they know. In order to prevent this excessive shopping, make a gift list of those individuals that must receive a gift.
Make a budget. Set a total amount to be spent. Then review your recipient list and allocate a specific dollar amount you would like to spend on each person from the total amount. Use a budget worksheet to keep track of your gift list.
Find inexpensive gifts. Once you know your budget and gift list, browse through inexpensive Christmas gift ideas to find the perfect presents.
Crafts projects make great gifts. If you are a crafty person then you already know you can knit a scarf and mittens, or create beautiful homemade Christmas decorations. But, did it ever occur to you to give those crafty gifts and decor as presents? They make fantastic, thoughtful presents, especially when you are helping your children give gifts to grandparents.
Make homemade gifts. You don’t necessarily have to be a crafty person to make your own gifts. Some food gifts are easy to put together like dry cookie mix, or soup mix.
Shop Online. Online holiday shopping is a great way to compare prices and find the lowest price on the item you are looking for. A lot of websites will offer free shipping during the holidays as well. Make sure to do your online shopping early enough and check the Christmas shipping deadlines to get your items in time. Expedited shipping can cost a bundle if you wait till the last minute.
Earn Cashback. Cash back websites like ShopAtHome.com, may also help you earn cash back rewards on your online purchases. ShopAtHome.com will match any other site at 110%, which makes it easy to use them as your one-stop cash back site! You can also find coupon codes to help save money on shipping.
Buy with a credit card. If you are a disciplined person, you may opt to use a credit card to purchase your holiday gifts. Credit cards that offer cash back or rewards points can help save money on gifts as well. The important thing to remember here is to pay off your card balance on time and in full every month to avoid finance charges and fees.
Start a holiday savings account. Plan ahead for next holiday season. Start setting aside money each month or week in order to make next years holidays a little less stressful on your pocketbook.
It’s a lot easier to enjoy the holidays with out the financial burden of overextending yourself and your money and worrying about how long it will take to payoff your Christmas debt in January.
How do you save money on holiday shopping?
|Madison DuPaix is a mom to three young children with a background in finance and insurance. She loves retirement planning and taxes, and recently started her own tax business. Madison is the author of My Dollar Plan and is the guide to Kids and Money at about.com.|