Celebrations, homecoming and a chance to reconnect with family and friends often make the holiday season the best time in a year. However, most people go through this season feeling stressed as opposed to feeling relaxed and happy. The main reason for this is money because they find holidays to be quite costly. As a matter of fact, most people spend up to $900 on gifts during this season. When they add the cost of travel and food, their bank accounts easily fizzle out by mid-December. So, how can you make some savings as you shop for this holiday season?
Take advantage of coupon promos
A number of big retail companies are offering attractive promotions this holiday season. For instance, Walmart has announced that it is offering over one hundred toys at 10 dollars each. This promotion will run all the way to the end of the year. In a bid to quell budget concerns for shoppers, Kmart has also rolled out layaway online programs. Through this program, you can select items and make a deposit of 10% of the total cost of the items or 15 dollars. After the initial deposit, you can make the payment every two weeks for up to 8 weeks then collect your merchandise from the local store. Also, look out for coupons on sites such as softocoupon to take advantage of promos to find deals that could save you some cash this holiday.
Prepare a list of items you need to shop
When it comes to shopping for gifts, you need to do some planning instead of just going out and shopping away. When you go out shopping without a structured plan of what you need to buy, you are likely to forget some items you need to pick and exceed your budget. To avoid this, prepare a list of everything you need to buy for different people and conduct a basic online search to get an idea of how much you’ll spend on each gift. This allows you to get an estimate of how much you’ll need to spend and enable you to remain within the allocation you have in your budget. Doing this early enough will enable you to look out for bargains online and newspapers so you can make more savings.
Set up a holiday fund way in advance
Once you know how much you are going to spend on food travel and gifts during the holiday, begin making savings as early as you can. For instance, if your budget is $1000, you can start setting aside $100 every month in your holiday account so that you have the cash you need by the time the holiday season arrives. If you are not able to start saving early enough, consider setting aside a higher amount to cater for the lost time to ensure you that you realize your goal by the time the year ends. If for some reason you are unable to save on a monthly basis, make occasional deposits into your holiday account as those will make cash outlays during the holiday season more manageable.
Consider shopping online
Buying the stuff you need online is an easy way to make savings during the holiday season. Search the internet for great deals so you can make savings on parking expenses and gas which are costs that you would otherwise incur if you were to go shopping in box stores and malls located in towns. Shopping online will also save you taxes. Sites such as eBay and Amazon offer great deals on both used and new items. You might also benefit from shipping fee discounts or waivers that further reduce your shopping costs during holidays. Also, identify big shopping days throughout the year and shop for holiday items on such days. Look out for Black Fridays and Cyber Mondays to shop for your holiday items as such days present interesting discounts. The heavy discounts apply even to items that are not popular among buyers including new dryer combos and dishwashers. Shopping on these days can you see you make significant savings on the items you need to shop for the holiday season.