The Holiday Season is upon us. This is probably the most joyous time of the year as the happiness of Christmas and the elation of experiencing New Year festivities starts to capture our hearts. This is the time when families come together and bond, you buy gifts for other people, guests come into your house to wish you and last but not the least you get to forget about the stresses of work for a while and indulge wholeheartedly into the celebrations.
But as we enjoy the occasion, we tend to throw caution to the wind in terms of our spending patterns, which leaves us with a good old headache and a lot of austerity measures for a couple of months after the festivities have ended.
Yes, the holiday season is a time of joy and you cannot go all frugal and shut yourself off from the outside world, but with a little care and attention, money can be saved by spending it more wisely to allow you to enjoy and still do not exhaust your financial resources and credit limits. Here are 4 amazing ways to save money this holiday season:
Create a Separate Budget for Festivities:
While a budget is necessary for you to stay financially healthy at all times, it is ideal to chart out a special budget for your holiday season. It will allow you to not stifle yourself of everything and manage to keep you away from a burden of credit card debt.
Plan out things and the best idea is to create a separate bank account for your festival needs, in that manner, you will be able to keep a track on your spending and know your threshold. Make a comprehensive budget that covers the larger expenses like travel and family dinner while also including smaller expenses like that pipe repair or your little daughter’s new dress. The more detailed your plan is, the better it will work out for you in the end.
Don’t get carried away by the feel of the Season:
Most of us have the habit of indulging in impulsive buying as soon as we see the word “sale” on something and the holiday season is the perfect arena for you to go astray as discounts and offers pop up at every store. Even if you want those pair of shoes that you love but you have already bought one for yourself, then don’t do it!, they aren’t necessary and they will only serve to overburden the resources while also undermining the value you get.
The best way to save money while shopping is to understand and know where you should buy a certain item. It reduces wastefulness and provides room for other more useful things to be bought.
Prefer cash and use credits cards more effectively:
The worst thing you can experience post-holiday season is having a huge burden of credit card debt that you have to pay off now. To avoid this increasingly irritating scenario, ensure that all of your spending is done preferably in cash and you use your credit card to buy things only if you will enough cash at the end of the month to pay it off and enjoy the cash discounts on offer. Only intend to use your debt facilities in a case of emergencies and as a last resort after you have exhausted all your other financial backups.
Find alternates to high spending activities:
Yes, you have to buy gifts for everyone in your family and you cannot compromise on that but what you can really do is that you can find better alternatives to expensive activities to not only relieve your but other’s burdens as well.
Having your family over for dinner is great but it can really expensive to host and its Christmas season, you cannot compromise on desserts and wine along with a great dinner. Potluck assignments are great as they allow everyone to contribute equally and have the burden neutralized off of everyone. When you go out to buy gifts of holiday season essentials, you need to get discount coupons as they can be of real help by offering you amazing offers and saving you high amount of money in the process.
Instead of you Santa indulgence, explore the real joy of the holiday season i.e. the joy of being together and the happiness you get from the exalted gestures everyone does for you. The holiday season is a time for you to touch other people’s lives in the best possible manner, don’t let go of the true spirit of the holiday season this year and enjoy a more fulfilling vacation and merry Christmas and a Happy New Year!.