The holidays are filled with happiness, family time and celebrations but it’s also jammed with people overspending and later remorseful over their financial decisions. By smart spending practices and following a few practical tips, you can experience the joyful season without emptying the wallet or saving account.
Here’s your guide to smart spending during the holidays:
Prepare a Holiday Budget
Decide how much you can afford on not just gifts but other holiday expenses such as decorations and travel. Stick to your budget despite temptations. Consider a holiday club for future years to help you with this process.
Experiences Make the Memories
Instead of buying expensive gifts, give the gift of experiences. Take the little ones off to a state park and explore some hiking trails or spend some time with loved ones at a beach.
Yankee Swap or Secret Santa
Consider talking to your family or friends about doing a Yankee Swap or Secret Santa instead of buying something for everyone.
Look for Discounts
It’s essential to save when you can. Cut coupons or browse online for deals. If you’re giving gift cards, you can find discounts on your favorite brands with Prizeout Offers.
You can enjoy the season and be financially responsible by following these tips. Remember the holidays are about the love and joy you share with others not the price of your gifts.