Holiday spending tips to help get you through the season without breaking the bank
1- Take an inventory of priorities
Make a list of your closest friends and family. Then, for each name, specify a budget.
2- Price comparison is a few clicks away
If you find the “Perfect gift” but it is out of your price range. Look for a BETTER PRICE online. If you find a better value elsewhere, many businesses will match it.
3- Plan ahead
Waiting until the last minute is a proven way to overspend and make an already hectic time of year much more difficult. Start sooner rather later.
4-It doesn’t have to be the LASTEST version (especially with electronics)
When shopping for an electronic gadget, you do not have to buy the most recent model. Last year’s model will have the majority of the new model’s features at a much lower price. Gifting an older version of a device that was the latest and best just a few months ago is likely to save you a lot of money.
5- Don’t believe the hype
Are you planning to make a purchase on “Black Friday” or “Cyber Monday”? There isn’t always a significant price difference between one-day specials like Black Friday and Cyber Monday and typical holiday deals or everyday promotions. Instead of focusing on one-time sales, look for deals on a daily basis.
6- Be disciplined and strategic
Spend carefully by examining your account statements, making your payments on time, and simply monitoring your accounts using online banking. Another wise holiday budgeting option is to utilize a credit card that offers cash back or other benefits, such as the Momentum Cash Back Visa. You might as well get something since you’re going to spend the money anyhow, whether it’s cash back or travel miles. If your credit card does not offer rewards, here are several terrific alternatives to consider.
https://momentumcu.ca/credit-cards/
7-Best things in life are free
Make it one-of-a-kind and memorable. Homemade gifts save money while creating something unique. These gifts may not be for everyone on your list, but they are suitable for some. Photographs, crafts or even cookies for your children’s friends, your babysitter, co-workers, etc.