Friday, October 30, 2009

Money Saving Tips for the Holiday Season

Create a Budget:
  • Look closely at your finances to determine the most you can spend on gifts this holiday season.
  • Write down all the people you want to buy gifts for.
  • Next to those names, jot down a maximum dollar amount you can spend for that person’s gift.
  • If you’re like most people you’ll need some help remembering those amounts – carry that list to each shopping trip.

Do your Research:
  • Now that you know how much you want to spend on each gift, jump on the Internet.
  • Start researching great gift ideas.
  • Find out how much they cost at big-name retail stores.
  • Then look for deals on competitors Websites. You might even try eBay.
  • The bottom-line: by researching gifts and the various price points, you will likely see some savings.

Use Cash:
  • Studies have shown that consumers using cash pay more attention to what they are spending and decrease their chance of overspending.
  • It may not be the most convenient method for shopping, but it certainly beats going over your budget.

Get Creative:
  • If you plan ahead, handmade gifts can be a wonderful alternative to the typical store-bought item.
  • Knitting, beading or fly-tying are all inventive ways to create the perfect gift for someone special.

Stick to the Plan:
  • This step may be the most important (second possibly to creating your budget).
  • Keep your plan in your pocket – or purse – during all shopping trips and refer to your list often.
  • If things should change consult your budget, consider removing a friend or family member from your list, and work it into your plan.

    source: Wise Agent
    photo: Christine Glade/iStockPhoto

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