No one wants to start the impending new year engulfed in a cloak of debt. The Holidays can be so expensive, the shopping, the groceries, the cost of important traditions, the décor. It can all be overwhelmingly hard on your wallet. If you want to get through the Holidays without the impending doom of exponential debt in January, you are going to need to focus on where you can save money.
Set an Accurate Budget
Setting an accurate budget is super important. Many forget to account for those little extras like Shipping & Handling, Holiday cards and the cost of extra batteries for the gifts or décor. It is important to ensure that these things are accounted for because these can really add up.
Make a List
Making individual lists for the different aspects of the Holidays is a great way to know what you will be spending money on this Holiday season. A menu plan, a gift list and a list of extras is a good way to plan the expenses that you will need to compensate for. Lists also help to keep you accountable, because you don’t want to stray from the finalized list.
Don’t Rely on Borrowing
It is smart to save up and make a fund for the Holidays way in advance. Do not rely on credit cards and loans in order to make the Holidays happen or you will be stuck with those bills for the rest of the year. If you do have to rely on borrowing, keep it to a minimum and make sure to pay very careful attention to everything you spend.
Don’t Overdo it
The Holidays are about the time you will spend together with friends and family and not about all the money you have spent. Do not forget that the Holidays do not have to be incredibly expensive in order to be fun, they just have to be spent together.
Spending an abundance of money over the Holiday season is not necessary to bring or experience the joy of Christmas. Save your wallet this year and have a wonderful Christmas season!