The Christmas season is nearing. Gifts, travels, feasts, and other luxuries will be boasted in every household. While such festive events are meant to be enjoyed, a budget-limited or thrifty shopper cannot simply ignore the financial effects that this season brings. Nonetheless, enjoying Christmas with family or friends does not have to result in costly aftermaths. There is indeed a potential to save money at Christmas. Achieving it, however, will take time and effort in mastering the different ways of holiday saving.
For starters, devise a Christmas budget. Assess the amount of savings you’ve managed to accumulate on your bank accounts and other places you store money. Divide the amount you get by the number of people you’re planning to give a gift for. Consider Birmingham Midshires Savings for opening a new savings account for this upcoming Christmas!
Next, eliminate the mindset that the costliest gifts are the best. You don’t have to give expensive gifts like jewelries, designer clothes, or new gadgets to someone if your budget is limited. Remember, the spirit of gift giving is not how much the gift costs. It is about showing someone they matter.
Then, list all items you will need to purchase before Christmas. Apart from gifts, list other items like decorations, food, supplies, etc. Having a list with you when doing your Christmas shopping will prevent impulse buying and will allow you to obtain all necessary items for your Christmas party.
Consider shopping as early as possible. Many shoppers start their Christmas shopping as early as October. Purchasing weeks or days before Christmas will not only be tedious and stressful due to congested marketplaces and stores, but also leave you with a store that’s nearly empty. Hoarders and average shoppers will normally purchase in bulk with the perspective that supplies will run out, and indeed they are right. Fixed rate savings for the future are a great option for Christmas savings as the fixed rates keep you clued into what your money is doing!
Buying early will give you plenty of options to choose from. If you shop too late, you may be forced to shop costlier brands and at more expensive markets. Also, if shopping in advance, make sure you only purchase items that have a long shelf life otherwise it may get spoiled.
Buy in bulk. This doesn’t only work wonders during Christmas shopping. It is also something you should be practicing regularly. Buying in bigger volume allows you to acquire exclusive discounts that could not have been received if buying separately or in fewer volume.
Use discounts and promotions. With thousands of business competing, discount offers and coupon codes can be found in relatively large numbers. Use these tools as a way to squeeze every dollar you can. Many discount offers can qualify you for up to 50% savings just by entering a code on the website you purchased from or presenting the coupon to the cashier.
If you are a person of many talents, consider giving gifts you made from your own hands. For example, baking cookies or cake for your close neighbors can be a simple yet wonderful gift to give during the Christmas holidays. If you are crafty with woodwork, why not make wooden figurines for your friends?