Easy Holiday Shopping Tips to Save Money
- Author: Miguel Waters
- Posted: 2024-11-28
Holiday time means gift-giving, but it often leads to spending more money than planned.
In 2022, people in the United States set aside an average of $867 for gifts, which can be a big expense to start the new year with.
To keep your wallet happy, here are ten simple tips for smart holiday shopping:
1. Value Your Relationships
List everyone you want to give gifts to, from close family to your postman. Write a budget next to each name to avoid spending more than you intend.
2. Check Prices on Your Phone
Even if you find the perfect gift, it might be out of your budget. Use your phone to check if the same item is available for a cheaper price elsewhere. Many shops will match the lower price if you ask.
3. Shop Early
Waiting until the last minute can lead to overspending. Shopping early can save money and reduce holiday stress.
4. Consider Last Year’s Electronics
Tech gadgets from last year are often just as good but much cheaper than the newest versions.
5. Don’t Get Caught in Black Friday Hype
Big sales like Black Friday and Cyber Monday sound great, but regular holiday sales often offer similar savings. Look for deals throughout the season.
6. Keep Track of Your Spending
Use online banking to watch your account balance and pay bills on time. If you use a credit card, choose one that gives you cash back or other benefits.
7. Make Gifts Yourself
Handmade gifts, like photographs or cookies, can be special and budget-friendly for certain people on your list.
8. Save for Big Gifts
If you plan to buy something expensive, start saving in advance. Setting money aside regularly can help prevent holiday debt.
9. Avoid Impulse Buys
Stores are designed to tempt us into buying more. To resist, stick to your list and take breaks if you feel urged to buy extra items.
10. Remember Shipping Costs
Online shopping might seem cheaper, but shipping fees can add up. Look out for free shipping deals to save more.
Following these tips can help you enjoy the holiday season without worrying about starting the new year in debt. Happy shopping!
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