How People Are Saving During The Holidays
The holiday season can cost a lot of money if you don't set guidelines early. Between parties, presents, and relatives to entertain, saving during the holidays can seem impossible. You want to go all out to make it the best Christmas ever. However, if left unchecked, overspending can send you into debt and threaten your financial health.
Saving during the holidays doesn't have to be complicated or painful. The process involves simple tasks like creating a holiday budget, buying ahead, and setting clear boundaries -- all ideas we will share with you in this article.
Saving Tips For The Holidays
1. Draft A Budget
Creating a budget helps you prioritize parts of the season that are important to you, whether it's family meals or gifts. Some people love to entertain, and others put up a ton of decor and outdoor lighting.
Whatever you do, make your budget realistic and something you can live with.
To get started, you can begin by downloading free budgeting apps like Mint or using old-fashioned pen and paper. From there, you'll list out the following:
- Your income
- Your expected essential life and holiday expenses
- Your savings, which you'll see after you deduct your expenses from your income
Consider using creative ways to limit your non-essential holiday expenses. Take in a movie at home or cook a family meal inside to conserve your resources.
2. Set Giving Boundaries
Along with creating a budget, you must set boundaries on gifts to maximize your holiday savings. Meaningful presents and quality time will last longer than expensive gifts---most of which lose their appeal over time. Your friends and family will remember the time you shared much more than the latest gadget or popular product. Take the time to explain the financial boundaries of gift-giving to your children and relatives.
3. Look For Deals
You can give nice gifts without spending the typical retail price. Tons of deals exist for items we usually can’t afford. Websites tout designer items for half price, and electronic stores have many deals the week of Christmas. Apps like Ibotta and Honey can help you cut costs on food items and other products.
4. Plan Meals
Meals can be a significant holiday project, especially if you have guests. Sit down with your recipes and plan your meals before shopping. Pick good substitutes for expensive items, such as green beans wrapped in bacon instead of asparagus. Learn when your grocery store will have things on sale by checking their flyers or the advertisements on their website.
5. Use Apps
Apps exist for everything from food shopping to toy buying. Find the best apps where you can save money on gas, food, and gifts. Here are a few reliable options:
- Fetch Rewards
These apps make it easy to find a great deal and save money while you shop. Saving during the holidays can be as easy as downloading a few helpful apps.
6. Focus On Time
Many people feel they constantly have to do things during the holidays, especially if they have kids at home or relatives in town. Pick one special outing the family can enjoy and then spend the rest of the time at home just enjoying each other's company. Play board games, cook a meal, or engage in a fun conversation. It will be even more special.
Get The Emergency Money You Need
Sometimes, there isn't enough money to meet life's demands during the holidays. An unforeseen expense may suddenly appear, or an emergency may cost more than you can afford. Thankfully, options exist to help you address your urgent financial needs.
At Fast Payday Loans, Inc. of Florida, we offer a payday loan to assist you while saving during the holidays. Our loan amounts range between $100 and $1,000, and individuals with bad credit or no credit can apply.
It doesn't take a lot of paperwork or documentation to apply for a payday loan with us, either.
Here's all you'll need to get started:
- A driver's license or a state ID
- Your most recent pay stub
- A blank check from an active checking account in your name
Our process is straightforward, and you can even complete your application without visiting the store!
Here's how our payday loan process works:
- Fill out the online inquiry form.
- Our loan representative will call you to explain how payday loans work and answer any questions.
- Visit your nearest Fast Payday Loans, Inc. of Florida location or complete the process over the phone.
- The representative will verify your required items and walk you through the next steps.
If approved, you can get your money either on the same day or the next business day. It's that simple!
Fill Out Our Online Form
A payday loan is an option if an emergency comes up during the holidays, despite your money-saving efforts.
Filling out an inquiry form only takes a few minutes, and there is no obligation. This kind of loan may be the quick, short-term solution you need to handle unexpected emergency expenses on a tight holiday budget.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.