The holidays are always an occasion where one enjoys celebrating with family and friends. As well, it is a time where we have increased expenses. This can be a very anxious time for people who have to watch what they spend. It can often be difficult to spend moderately as we want to make sure we are able to create the best holiday experience. The great news is that there are many ways to save money so you can worry less about bills and relax and enjoy the holidays.
The following are a list of tips to save money and enjoy the holidays:
1. Check Home Inventory before Shopping: Go through your kitchen, pantry, and storage room to see what items and food you already have in stock. Often people will have a lot of items stored away so they do not have to go out and buy new items. As well, check the expiry dates on your gift certificates and coupons. You can save a lot of money if you don t buy things that you don t need.
2. Shop Online: If you are looking to cut costs when shopping for holiday gifts, there are many online retailers that are offering great deals on their products. Not only is it a great way to get some deals, you will also save time because you will not have to fight your way through crowded shopping malls. Most online retailers offer discounted prices on brand name products as well as free shipping.
3. Set a Gift Spending Limit: Gather your family and discuss setting a spending limit for each gift they buy. You could even have each person draw a name of a family member and only buy a present for that person. As well, talk to extended family and friends about cutting back on the number of gifts that will be exchanged. During difficult economic times, people will appreciate cutting back on the number of gifts they have to purchase. If you want to give something inexpensive, give out cards or a homemade gift.
4. Shop Wisely: When making your list of everything you need to buy for the holidays, cut down on excess. For instance, only purchase a moderate amount of decorations. You can also make homemade decorations with your children. Look for discounts on food and beverages. You can buy in bulk. Look for sales in local newspapers. Don t buy more food than you will need. When shopping, try to combine shopping trips such as purchasing gifts and going to the supermarket in one trip. You will save money on gas.
5. Inexpensive Parties: When you entertain, hold a potluck where everyone brings a food dish. Purchase beverages when they are on sale. Guests can also bring a bottle of wine or other alcoholic beverage. You can also host a brunch that consists of inexpensive foods such as eggs, salads, toast, hash browns... etc.
The holidays are a wonderful occasion to enjoy spending time with friends and family. If you are on a tight budget, you can still have a very enriching and fun holiday by making a few simple changes in how you spend your money.
Author Resource:
Adriana Noton is a freelance writer who writes on a variety of financial topics including personal budgeting. For more information about personal finance and credit counselling, ConsolidatedCredit.ca is a tremendous resource on the topic for Canadians. http://www.consolidatedcredit.ca/
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