The Christmas season is here, a season that is highly characterized by shopping for gifts. Due to the large number of items being added into homes this season, some families find themselves leasing public storage in order to get additional space. However, holidays seasons don’t always have to make you exceed your budgets because there are simple things you can do to keep your spending within the budget limits you have set for yourself. Here are some of them:
- Develop a shopping list and review it twice
Before you go shopping this season, develop a list of what you want to buy and include an estimate in terms of the amount you expect to spend. Your list should be based on gift ideas that you have in mind. Preparing a shopping list before shopping enables you to think through each item to determine whether it is needed or not. It also enables you to get organized so you remember everything you need to pick. Also, consider indicating where you need to pick the items you have on your list.
- Determine your spending limit
Based on the list of persons you need to shop for, determine a limit of how much you can spend for each person and collectively. Research shows that most people tend to spend more than they have and even use their credit card during holiday seasons. As a result, they end up spending the next 6 months paying credit card debt. This strategy is risky because it affects their spending plans in future. It is best to shop based on one’s means and income level to avoid getting into debt.
- Keep in mind what’s important
With all the money that gets splashed during the holiday season, it is so easy to forget about what is most important. It is not about how much money you get to spend shopping. As such, avoid being carried away into buying everything that comes your way. Instead, remind yourself what the holiday season is about in order to stay grounded.
- Take advantage of sales
Plan to do your shopping around the time that sales happen. During such periods, you can get all kinds of things at discounted prices. When crafting your shopping list, find out what you need to shop for your household. Also, consider comparing online shops to physical shops to see which of these offers the items you need at a cheaper price. msnbc show that downloading apps like Amazon app can enable you to search and check the price of items efficiently. ShopSavvy is another app that enables you to plug in the items you want to buy and get a notification when they are on sale including when and where those items will be sold. Another app to consider is Shop It To Me app that allow you to plug in your favorite labels plus their sizes so you get information when they are on offer.
Save More Money in 2018
Subscribe and join the worldwide 52-week money challenge! Get the tools you need right to your inbox.