Holidays are filled with love, happiness and lots of cheers, but can leave yourself less than joyous for the next coming year because spending too much on your holidays can give the big dent on your future budgets. According to a recent survey, in terms of spending, Halloween is the 2nd most expensive holiday after Christmas.
Halloween is celebrated all over the world on 31st October which has barely passed, but the gift buying process and setting budgets for next holiday spending is still at peak. Before preparing a budget jot down your holiday spending plan, keeping track on major expenses and don’t go for impulse or unplanned shopping. A proactive shopping plan helps you to spend wisely, and keep your budget intact.
Take A Look How Much You Have:
Before you decide to gift others, have a look at your budget. Don’t spend too much if you have a tight budget because a holiday is not only about spending and spending, it is also about taking care of your savings. Try to prepare a gift list if you have tons of people to gift. Be careful, there is no room for the tight budget because it might leave you frustrated if unable to meet the last moment purchases.
Get A Head Start On Shopping
US thanksgiving day is celebrated on November’s 4th Thursday. Accumulating gifts hurts a bit if you have a big family and a large group of friends. During the Thanksgiving season, the prices of the most demanded products raise high and the fluctuation becomes torturing for every third salaried person. Try to search products in online stores at least a month before the celebration of this national day. Use this time to compare the same products at different stores to get the best reasonable price. Early shopping helps you to keep your budget maintained even for the next month.
Credit Card Reward Points Are Beneficial
Many of your credit cards offer you a cash back incentive program for each dollar you spend. Different credit card companies offer different reward programs for shopping or traveling. It would be best if you reach the minimum amount to earn a sign up bonus. These credit card companies make certain ways to help you earn good points. If you want to save some extra money for your holiday, it is advisable to open a new card before you decide to go. Be sure this is the right time to open a card.
Every Penny Counts
Avoid too much spending! Reduce your budget for clothing, fashion items, expensive coffees etc. Try to walk to your work if your office is near, instead of spending too much on fuel charges. Avoiding these little daily spending would give you a good savings amount at the month end. Try once at least! Switching from high-cost luxuries to low-cost alternative, your savings amount can easily be utilized for holiday spending.
“START SAVING NOW SO YOU CAN HAVE THE BEST HOLIDAY NEXT YEAR”