Tips On Saving Money During The Holidays

[Trillionphil]

With the hype that holidays usually bring, people always have the tendency to buy more and spend more without taking into account the consequences that their actions can bring.

Hence, it does not necessarily mean that because it is the holidays you have all the reason in this world to buy whatever you want and spend how much you want. Some people contend that it’s just once a year, so better give what you have.

The problem is that giving something just for the spirit of the holidays does not mean you have to spend gold. You can still give something that will be deeply appreciated without having to spend more money.

Here’s how:

1. Make a budget and stick to it

The problem with most people is that they find making a budget relatively easy but sticking to it is doubly hard. So what’s the point of making a budget when you do not know how to conform to what you have stated in there?

Making and using your budget should always go hand in hand. Therefore, when you make your budget this holiday season, it is best that you follow the things that are written in it so that you would be able to save more money.

2. Live within your means

Of course, everybody would want to give gifts because that is what the holiday season calls for. However, it does not necessarily mean that you have to spend more than what you can afford.

The trick to saving more money is to always live within your means. Spending more than what you can afford will definitely bring more problems than you can afford to solve.

3. Personalize it!

As they say, it is the thought that counts. Hence, there are no better ways to show how much you have thought of those people this holiday season than making personalized gifts.

4. Shop and compare

It really pays to shop around and doubly better when you compare prices. You will never know which items are better priced than the others are when you do not compare their values.

The point here is that you should not be confined to one shopping portal. Try to look for other items, usually in thrift stores and consignment shops, where you can find the best items at a lower price.

Indeed, shopping for the holidays can be fun, but you don’t have to be spendthrift. Nowadays, you really just have to be practical.​

 

[Alexandoy]

To be honest, I am not ashamed to say that we have saved a lot of money during this holiday season. The tradition in our country for the Christmas season is full of activities like the caroling where kids would sing carols for 9 nights that we give them money. We spend about $300 just for the caroling activities. The gifts are also big expenses considering that there are relatives who come for the gifts. But in this pandemic era that social distancing prevents people from having parties and gatherings our expenses was slashed to just about 20% of our usual budget for the Christmas season.

 

[Nova]

I think one thing I have learned during this holiday is that if there is no relative or family coming up then you end up saving money. But then it's not even worth it. We are not going to take money and food with us in heaven. So some of the time some amount of spoiling is good for the stomach. And we have to focus on the things in hand. That seems to be the way for the people to handle the money. That money handling skill is needed.

I don't think that holiday should be about saving money. That is the time you are not supposed to think much about the money. And your focus should be on spending. That seems to be the only thing about the holiday that you would need to learn. I guess that saving money part comes later when you are done with the holiday.