The holidays unite families, enrich the kindred spirit within communities, and give some an excuse to put eggnog in everything. Another holiday tradition is giving thoughtful and personable gifts to those you love. Here are some essential money-saving techniques to ensure you’ll have enough money for all your giving needs and fixed monthly expenses. Let’s discuss ways to save more for the loved ones on your shopping list.
Budget, budget, budget. Remember that you could celebrate three holidays in a month and a half. Factor in the costs of everything you can imagine – from gifts, food, gas, and other travel expenses. Don’t forget about your fixed monthly bills. Unfortunately, those don’t disappear during the holiday season. Keep track of every single expense against your monthly income. The devil is in the details.
Try to avoid the Black Friday frenzy. Now is the best time to do most of your shopping. Some stores begin their holiday sales at the beginning of November, giving you plenty of time to avoid the madness. Another important note: not every advertised sale is what it seems. Take the time to research the gifts you buy before you impulsively spend more than your budget allows.
Shop online. Many online retailers pass their in-store savings to customers during the holiday season. It may not sound better than a door-crasher on paper, but you'll be safe from contracting COVID-19. When you factor in the gas you’ll use and the inevitable dining out during your shopping spree, online shopping is the cheaper alternative. Not many malls allow you to shop near a cozy fire in your pajamas.
Build, Don't Buy. If you’re unsure what to buy someone, you can always make a gift from home. This is especially fun for little ones who want to get involved with gift-giving festivities. Not to mention that some of the most genuine gifts are hand-crafted, not store-bought.
- Have some fun with cost-cutting activities. Spend some quality time with your family by playing holiday-themed board games. Build gingerbread houses or get creative with a fun and unique activity for the whole family.
While your heart and mind may be set on providing the best holiday experience for those around you, remember to pay extra attention to your budget. NASB is here to help with your unique banking needs as you prepare to ring in 2025 with your friends and family.
