Tips to Help You Save Cash This Holiday Season

The holidays are the most wonderful time of the year! Unfortunately, it’s also the most expensive time of the year! If you’re short on cash this holiday season, a personal loan can be just what you need to make the holidays merry and bright. If you’re a frugal shopper, you can stretch your dollar even further! Here are some tips to help save cash this holiday season.

Plan Ahead

Proper planning is very important. It’s wise to carefully think about what you want to buy each person on your list. If you go into a store and simply purchase what catches you eye, you’ll be more inclined to spend more.

Comparison Shop

Comparing prices is key. Once you know what you’re looking for, search local store websites to get the best price. You don’t necessarily have to buy online, but you’ll want to know the advertised price before heading into a store. Generally, stores are willing to price match their competitors.

Track Your Spending

Write down what you spend to help stick to a budget. You can also use an application on your smartphone or a spreadsheet on your computer. Avoid spending more than you can afford just because it’s the holiday season. You don’t want to bring in the new year with a pile of debt.

Cut Out the Extras

Although it may be tempting to buy a new party dress or suit, try to wear something already in your wardrobe. Freshen the look with a new accessory, such as a necklace or tie. Try cutting back on frills. Paint your own nails instead of getting a manicure. Make your own coffee instead of stopping in a coffee shop.

Get Crafty

If you’re crafty, make gifts! You can decorate personalised ornaments or even bake up some homemade cookies or bread. If you aren’t the do-it-yourself kind of person, try something simple like layering a mason jar with all the ingredients necessary for chocolate chip cookies. Tie with a pretty ribbon and print an instruction sheet.

Stock Up for Next Year

After Christmas is over, take advantage of the great bargains you’ll find. Purchase gift sets, pyjamas, wrapping paper, ornaments, lights and other decorations while the prices are low. Savvy shoppers always take advantage of after-holiday clearance sales.

For more information about saving money during the holidays, feel free to contact us. If you’re in need of extra cash, apply online now for an unsecured personal loan.