5 Ways To Save For Christmas and Keep Your Sanity

With the holiday cheers, Christmas may come with a hefty price tag by the end of the month. The decorations, gifts, groceries, and travel expenses can really stack up. And it’s important to create a holiday budget that helps you track your savings and spending (and keeps your sanity intact). 

A study by The National Retail Federation estimates that the the average American spend about $935.58. The cost includes gifts, decors, flowers, and food. When you check the credit card statement, you might feel like running for the hills because you went over your budget. The good news is that there’s a way to avoid that financial stress. Here’s some tips I’ve gathered to share with you. 

5 Ways To Save For Christmas

Make Extra Money During the Holiday Season

The more you earn, the more likely you can afford the gifts you want to buy for friends and family. During the holidays, it can be tough to make more while you’re already busy. The good news is that there is a way for you to get some extra cash around a tight schedule. You can try holiday seasonal call center jobs that offers administrative roles and virtual assistant.

Use Your Gift Cards

You most likely have unwanted gift cards stashed somewhere in your home. If you want to save in cash, you can sell the cards you no longer want and purchase the gift cards you want to purchase the gifts. Sites such as Cardpool, CardCash, and Gift Card Granny. These sites may let you purchase a gift card for less than its face value. This may help you save in the long run.

Don’t Automatically Reach For Your Credit Card

Unless you are 100% certain you can pay it off within the next few months, don’t automatically reach for your credit card out of whim. Credit cards are notorious for the “pay later” mentality. But it can seriously make you sink into further debt. So think twice before swiping your card at the checkout and ask yourself whether you can realistically repay the amount you owe. 

Keep a Detailed and Strict Budget Plan

Open up Google Sheets and track your purchases and frequently check in on your budget. You may find yourself updating your budget accordingly. If you have something you want to buy but it’s going over your budget, take the time to see whether the item price will fluctuate over time. You can keep track by setting up a price alert to notify you whether it’s time to purchase the item or later. 

Prioritize Your Shopping List

Maybe you don’t necessarily need to buy gifts for each single person (including your pet dog). Prioritize whether your relative or friend are satisfied with intimate gifts such as DIYs or gift cards. The last thing you want to do is buy an expensive gift that your loved ones don’t really need. You can also ask them whether they have something specific they want. I know this may take out the element of surprise, but it may help you prioritize your shopping list and manage your budget better. 

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