This year is going by fast, but it isn’t too late to start saving up money for the holidays. The holiday season gets expensive for many of us with traveling, food, gifts, and other expenses. Many families go into debt during the holidays to pay for these things, but that’s not a way to start a new year. Here are five tips to save money for the holidays:
- Add it to your budget. Even if you have to skimp on that coffee, eat a couple more meals at home, etc. There is a way to add some room in your budget to save for the holidays.
- Start making your gift list. Some people are tough to buy for and that can bring you stress, especially if you wait until the last minute. Start making your holiday gift list early this year to get one step ahead.
- Watch for sales. If you know what you are going to buy someone, or know of non-perishables you need for recipes, start looking for sales on those items. Buy when you have money and the price is right.
- Get creative. You are thinking about the holidays early, so you have time to get creative and save money by doing something yourself. You can create handmade gifts, personalized coupons (for babysitting services, cookies, house cleaning, etc.), or search Pinterest for ideas.
- Donate more than cash: donate your time. The holidays are a time for giving. Start looking up places you can volunteer your time. You may have had a tough year, but that shouldn’t get in the way of your holiday spirit. Organizations can always use a couple of extra hands, especially around the holidays.
Make it your goal to not go into debt this holiday season. Start planning for the holiday season today.