7 tricks to save money during holidays

save money

Holiday season is something of a painful time for our wallets. We want to look for the perfect present for each of our friends and family members. All of that is threatening to leave us with just a little money to start off the New Year.

That brings me to the question – how do we save money during this time? How do we go into the New Year with at least some assets behind our backs?

Here is the list of the best money-saving tips.

 

1. Make your own ‘naughty’ and ’nice’ lists.

2. Make a limit and set a budget.

3. Collect coupons.

4. Watch out for retail tricks

5. Track your spending.

6. Set for personalized gifts and not something expensive.

7. Make your time a present.

 

1. Make your own ‘naughty’ and ’nice’ lists.

Yes, yes. Just like the bearded man in a red coat you too have to make a list and check it twice in order to really see who is deserving of your present this year you who is not. Did someone give you a bad present last year? With all your clean conscience you can give them something not-so-perfect as well. After all, how else are you going to filter all of the people who expect a gift from you?

 

2. Make a limit and set a budget.

Setting a limit for yourself is the best way to somehow give yourself ties to a certain price. Just like you do with those cake pieces – you can only eat 2 at maximum. That way your hips are going to be just fine. Just like your wallet is going to be ok in case you set an overall limit or a limit per each present. That way you are not going to be dramatically overspent.

Even better – discuss a limit with your family. I am sure they are going to welcome this idea with open arms.

 

3. Collect coupons.

In the course of a year you might collect coupons which are going to let you have a lot more financial ease. After all we all love sales and prices, lower than stated on the price tag. In case you already have a lot of coupons, do not hesitate to cash them in right now.

 

4. Watch out for retail tricks.

Budget may not always cut it. After all it is not always a working tactic – you need to look into all of the tricks that shops are using in order to trick us into spending even more money than we are planning on. During the holiday season it is important to look out for all of the possible tricks the shop use in order to make us spend.

 

5. Track your spending.

When you are caught right in the middle of the spending cycle it is important to note everything you have already spent. That way you are going to be aware of all of the spendings and all of the possible future needs.

Taking notes on every purchase is a perfect tip for the future as well – tracking your money is one of the most useful habits you can possibly have.

 

6. Set for personalized gifts and not something expensive.

Go personal. After all you give presents to your most loved and known ones. You probably know these people very well. So, you can absolutely go all personal in you gift choice. And the plus is that the personalized gift can be cheaper than your initial choice of a perfect expensive present.

 

7. Make your time a present.

Some of the members of your family might need to easiest present you can possibly think of – your presence. That is why you are better off splurging on the tickets than in something not as needed. Give a small present and a lot of warmth from your big heart – that is a present bound to be remembered.

These simple steps may allow you to not be absolutely broke after the holidays and still satisfy every present need in your close and loved ones.

 

How are you saving money during the holiday season?