Eileen's Blog

10 Tips to save money during the holidays

December 8th, 2015 2:09 PM by Eileen Denhard

36223481Expenses around the holidays can add up quickly. Here are a few helpful tips to keep your budget in line, so you can enjoy the season of giving and come out ahead in all of the ways that matter most by the time the New Year comes around

  1. Make your list, check it twice. It’s all about starting off with a clear budget in mind. Think about not only how much you will spend on holiday gifts in total, but who you are buying for and how much you plan on spending on each individual.
  2. Sign-up for emails from the stores you plan to shop. Many retailers send out emails offering additional savings on a daily basis during the holiday season. These promotions typically can include offers that may be used in-store or online.
  3. Avoid the ‘one for me, one for you’ mentality when doing your holiday shopping. That new robe you’re getting for mom looks so nice and cozy—you’d love one for yourself too, but remember you already have a perfectly fine robe at home!
  4. Black Friday can be an excellent time to get great deals on the items on your holiday gift giving list. The key is to stick to your list. It’s easy to be drawn to items that you don’t need, just because they are advertised as being so heavily discounted.
  5. Consider skipping the crowds on Black Friday and hold out for Cyber Monday. You won’t have to deal with the mad rush and, quite often, you’ll get even better deals, including free shipping. What’s better than getting all of your holiday shopping done in your jammies from the comfort of your home?
  6. Are you participating in so many group gift exchanges it makes your head spin? Suggest doing a Secret Santa or White Elephant exchange with your coworkers, friends or family, to minimize the number of gifts you have to buy. Even better, consider asking everyone to donate to a favorite charity in lieu of buying yet another nominal $10 or $20 gift.
  7. Save on stamps and printing by sending out a holiday eCard. It’s the thought that counts and your loved ones will love seeing your special family photo this way just as much as through snail mail. You’ll also save lots of time by not having to address envelopes and take them to the post office.
  8. Put out a spread that’s easy to prep without spending a small fortune. You’re extra busy around the holidays, so keep it simple. Serve festive finger foods or light hors d’oeuvres at your holiday party rather than a full course meal.
  9. Fancy New Year’s Eve parties can be overrated. Once you’ve made it through the holidays with your pocketbook in check, think twice about overspending on a big night out for NYE. By the time you splurge on cocktail attire, tickets, and transportation to an event, you might wish you had opted to have a more quiet celebration at home and avoided all the fuss.
  10. Make your budget for next year now. When it’s all said and done, take some time to review this year’s spending on everything from gifts, to holiday cards and celebrations. After making an assessment of where you might need to cut costs or save up a little more for next year, set up a Community Choice holiday savings account. Putting a set amount away each month leading up to the holidays will make staying on track much easier.

Remember, the true meaning of the holidays is not about how much you spend, or spending more than you can afford.
The spirit of giving is all about giving big of yourself, whether it’s to your friends, family or the community. That is the
kind of giving you’re sure to feel good about!

Posted in:General
Posted by Eileen Denhard on December 8th, 2015 2:09 PM



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