How To Slash Your Holiday Budget

FreeSamplesProUSA Top Reads How To Slash Your Holiday Budget

Despite your best efforts, shopping for perfect gifts can blow up your holiday budget. Avoid overspending on presents if you don't want to face a tough bill in the new year. Follow these spending tips to keep your wallet intact this holiday season.

Make a list (check it twice)

List down the names of everyone you’re planning to gift this year. Then put a dollar figure next to each name. Set a limit and stick to this list to keep your holiday budget on track.

Do a price check

Avoid overspending by doing a price check online. If you find a gift that exceeds your budget, see if you can get a better deal elsewhere. Take advantage of stores that offer price-match policies.

Shop early

Don’t wait until the last minute and buy all your gifts in panic. You will not only end up overspending but also increase your holiday shopping stress.

Buy last year’s electronics

If you find electronic items that were the latest and greatest just a few months ago, buy them. You will end up saving significantly more by buying an older version of a device than a new one.

Look for deals every day

If you want to avoid the one-day sale rush, stay on the lookout for ongoing deals. One-day promotions, such as Black Friday, Cyber Monday, and regular holiday sales may or may not have huge markdowns. Looking for deals every day can help you snag a good one.

Save on expensive gifts

You can avoid running into debt during holidays by setting aside some cash for big-ticket items in advance. A simple way to save for large purchases is through automatic transfers. You can sign up for automatic transfers at your bank. Just set the amount you want to move from your checking account to your savings account and the time period. Small savings like these add up in the long run.