How to Get Your Wallet Ready for the Upcoming Holidays
The most exciting and miraculous time of the year which each of us has been looking forward to is just around the corner. However, this period is not only the most magical but also, perhaps, the costliest. Now that less than a month is left before Christmas Eve, it’s time to think about preparing gifts for your near and dear ones. And you definitely do not want these purchases to set you back a small fortune once again. Here are some hints to help you avoid overspending before the upcoming holidays:
Make a Shopping List
The first thing you’d better do is write down the names of everyone you are going to give presents to. Then add to each recorded person options of what you plan to buy them – at least approximately. This will let you avoid unexpected purchases, as well as be pretty sure about what you are looking for.
Plan Your Budget Properly
The next step is to budget. Calculate how much each gift can cost, and how much you are willing to spend as a whole. This move is just essential if you want to keep the situation under control. After all, no one wants to wake up in the new year with huge credit card bills.
Put Small Amounts by Each Day
It’s never too late to lay by. Begin to save at least a couple of dollars a day starting today, and you will appreciate it tomorrow. And it will be best to grow such a habit in advance next year.
When it finally comes to purchases, don’t rush. Compare prices at different places and make a well-balanced decision. Remember that sometimes online shopping can become more advantageous than in-store. And stores’ mobile apps may offer better prices than those presented on the websites.
Redeem Credit Card Rewards
If you are a lucky owner of a rewards credit card, it’s time to take advantage of the earnings. Cashback, points or miles – all these bonuses can be found in excellent use now. Just check your account and redeem the rewards you have managed to accumulate.
Earn More Credit Card Rewards
Besides, some credit cards may have special offers that will help you save or make profit of the impending expenses.
Make Use of Sales
In addition to credit cards’ offers, pay attention to the deals that retailers provide. The most anticipated sales of the year are certainly Black Friday and Cyber Monday, but Christmas discounts may be not less beneficial. Again, don’t forget to be rational. Keep to your determined budget and don’t go too deep.
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