With the holiday season right around the corner, it is easy to fall victim to all the holiday deals. But going broke this holiday does not have to be in the cards. It is no secret that Americans love to spend on the holidays, in fact, most are willing to go in debt during this time. Holiday sales for 2017 are expected to increase between 3.6% to 4.0%. – National Retail Federation
I do not know about anyone else, but I have no interest in going into debt this holiday season, especially when I am trying to get out of debt. Here are some tips and gifts ideas to help you save money during the holidays.
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SAVE MONEY DURING HOLIDAYS TIPS
1) Be Crafty
Make your own gifts. The more original and crafty the more it will come from the heart. You can make a huge photo collage or picture album or even DIY Christmas gift. Check out this holiday DIY Gift Guide for more ideas.
2) Dollar Store
You can make wonderful gift bags at the dollar store and you can purchase cute Christmas decorations for $1.00. Why spend $200 dollars on decorations that will spend the majority of their lives in the back of a closet or the attic.
If you are going to spend, you might as well earn cash back for it. Now that we have the internet you can avoid holiday lines by shopping online. With Ebates, you can earn cash back for shopping at all the stores you where planning on shopping at anyways. Ebates even gives you a free $10 dollars gift card to a retailer of your choice when you sign up and make your first purchase.
4) Start a Holiday Budget Fund
You cannot go into debt during the holidays if you start planning now. Set up a holiday budget and start designating money to go into towards the holidays now. If you have 5 checks left until the holidays and your goal is $500, you only need to save $100 dollars from each check. If you are reading this post after the holidays, the more time you have the more money you can put in your goal.
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5) Limit on Gift Per Person
Put a limit how many gifts you are willing to give out. You will be surprised to know that most folks are just happy you thought of them anyways.
6) Secret Santa
Convinced your group of friends or family to do a Secret Santa. That way you only have to purchase one gift for one person. Save money by putting a spending limit on the gift.
7) Gift Cards
Purchase gift cards for individuals. I am terrible at giving gifts and find giving gifts cards to be easier because the person can purchase what they want.
8) Wait Until After The Holidays
Retailers are good about making you believe that this holiday season is the “best or biggest sale of the year”. But in my experience, that is not that accurate. A lot of holiday items go on clearance right after the holiday season and I always find the best sales at the beginning of the new year. Not to mention, you can purchase all your holiday decorations for the next year when they hit clearance.
9) Have a Friendsgiving or Potluck
Why do you have to be in charge of all the food? Make everyone chip in by requiring everyone to bring food or have a Friendsgiving where you all chip in money to purchase the holiday food and drinks. You can ask people to bring anything from silverware, drinks, desserts, side dishes, or other options for main dishes. Whatever you can think of.
10) Give Back
Remember the holidays are not about who can get the most gifts. The whole idea of purchasing as many gifts as you can during the holidays came from the CEO’s who wanted to pad their pockets. Remember the holidays are about being with friends and family and being thankful for the things you have. Make the holiday seasons this year about giving back to those less fortunate. With a number of natural disasters that happen in 2017, the number of people who are now in need are endless. Use this time to teach your family or friends about giving back.