Holiday Spending & Saving
November 17, 2022
The holiday season is in full swing, which means you’re probably wrapped up in spending more money than you need to.
The good news is you can enjoy the season without breaking the bank. All you need is a plan and a little creativity. Here are a few helpful tips to save money during the holidays.
Set Boundaries
“If your shopping list includes more than five people outside of your immediate family, cut down on the number of people on your present list.”1 You can bake cookies for everyone else to let them know you’re thinking about them.
Take Advantage of Holiday Deals
“Before you shop online, perform a quick web search for coupon codes for your favorite online stores. Before you shop in local stores, comb through the coupons you received in your mailbox.”1 Black Friday also brings tons of sales.
Give Your Time
“If you want to give someone a gift but can’t afford to buy anything, consider giving the gift of your time. You could baby-sit or walk the dog for a friend with an overloaded schedule.”2
Purchase Gifts as a Group
“Try out group gifts and have several friends or family members go in on one gift versus buying separately. This will save money and allow you to give the recipient that one big gift they really want.
The holidays are the most wonderful time of the year, but the financial strain can make it quite stressful. Make a point this season to cut back on spending so you can save more for retirement. We are also here to help you through each step of your financial journey. You may contact us to ask any questions or schedule a complimentary consultation. We look forward to helping you!
1. https://www.investopedia.com/articles/pf/08/speding-holiday.asp
2. https://www.bankrate.com/banking/savings/ways-to-save-during-holidays/
3. https://www.northcountrysavings.bank/neighbor-news/top-10-holiday-spending-tips