Saving Money During The Holidays

Less than a month until Christmas and even though it’s mainly about families coming together and spending quality time with one another nobody can deny that giving and receiving presents has become a big part of Christmas.This is why careful planning about spending season, as some call it, is required because even if it’s indeed a time for giving, giving too much may leave serious holes in your budget.

So how can you save money while still buying Christmas presents? Here are a few tips about saving money on Christmas shopping.

Shop Early

The Holidays are soon upon us and many people wait until the very last minute to buy their loved ones the perfect gift. Shopping for presents at the last minute tends to be overpriced because most stores realize people who have waited until the last minute cannot be picky about price tags. There is no denying the fact that stores adjust prices according to customers demand, so there should be no surprise if a basic kids toy that’s normally worth $5 almost doubles in price by the 24th of December.

Christmas Cards

Don’t buy Christmas cards from specialized stores, even though some of them allow customized content most of the postcards just have more glitter stuck on them. A more viable solution is buying them online from websites who sell them at more affordable prices. Just type “Christmas cards” in your prefered search engine and voila. For an even cheaper option you can buy postcard paper at Staples and download a template so you can print your own cards at home.

Fixed Budget

Set a budget for your Christmas shopping. Do not spend more than this amount. Get a list of the people you will buy a present for. Allocate a certain amount for each person and make sure the total doesn’t go over your budget. Another good budget tip is to work out an agreement with your friends and relatives on the price range of the presents you would buy for each other.

Gifts For Children

Kids do not need expensive presents. Think about how long a child typically uses a toy. It’s not a long time. They will typically outgrow their toy in a few months time, if not sooner, and never use it again. So why would you need to spend an arm and a leg for children’s presents? Instead, buy them more economical toys so you won’t be so mad when they break it weeks later.

About The Author

Edwin is a marketer, social media influencer and head writer here at Frugal Wiz. He manages a large network of high quality finance blogs and social media accounts. You can connect with him via email here.

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