Amazing spending tips to survive this holiday season
Wave farewell to 2015 and look forward to an amazing 2016, even as you bask in the holiday glow it is important to keep an eye on your budget in order to have a financially stable year.
Even as it may be a tradition to hand out gifts to loved ones, it is important to take your bank balance into consideration as the lists are drawn up. Opt for more thoughtful gifts as opposed to extravagant ones, it will probably have just as much of an impression on the recipient.
The positive part is that you wouldn’t have to break the bank to make this happen! Jovago shares some tips to spend wisely during this holiday season.
Set spending limits to avoid regrets
Holiday shopping and credit cards do not go hand in hand as one can easily overspend while paying with credit cards. Put a cap on this and set a spending limit on your credit cards if possible or withdraw the budgeted cash to be on the safe side.
Separate the budget for bills from the one for gifts and use lists to stay organized.
Focus on the people who really matter
Unless you’re closely related to Santa, there is no need for you to buy presents for every Tom and Harry you come across. On your list for holiday spending, focus on family and close friends that really matter and structure your spending budget around getting their presents.
If you really feel bad for those that didn’t make the list, some well-packaged homemade snacks or small chops would put you back in their good books! This is a sure-fire way to gift on a budget.
Budgets should not be greater than bank accounts
Try to be as practical as possible with your budget and stay within your bank account range. Don’t hesitate to get the cheaper gifts for those on your lists, they would probably understand and it’s the thought that counts with these things.
This way, you enter the New Year debt-free and ready to conquer!
Discounts and coupons are your friends
This is a great season to buy gifts as numerous discounts and sales are ongoing. Although the discounts may increase the temptation to overspend, stay disciplined and stick to your budget!
Thoughtful gifts for the win!
As earlier mentioned, you don’t have to break the bank to get meaningful gifts for your loved ones. Impulse buys should be held at bay and the budget should be respected and adhered to.
What tips have you used this holiday while shopping?