BudgetSavings and Finance

Tips to Avoid Being Broke During the Holidays


People tend to spend the most during the holiday season and for some, being unable to monitor their expenses leads them to be broke and penniless after. Presents play a big role in our holiday budget but there are still several things to think about such as parties, decors, kids new clothes and more. These things also take a chunk of our budget. Here are simple tips to help you spend wisely during this season of spending!


Create an Ultimatum

Set a budget and strictly stick to it. Let everyone know that you are set out to spend only a certain amount so that your family members will understand and won’t expect too much.


Use a Shopping List

Plan for gifts before you go out shopping. That way you will avoid getting carried away and start buying stuff on impulse.


Try Do-It-Yourself Decors

Save thousands on Christmas decors by getting everyone around to create and do your own decors at home. It will be a fun-filled bonding activity that will get your creative sides working double time.


Take Advantage of Sales

Right before Christmas season, department stores start holding fantastic sales for early holiday shoppers. Once the holiday season officially comes in, the prices go back up. You can also check out bazaars and warehouse sales for inexpensive yet cool gift ideas.


Monitor Your Expenses

It is a wise idea to write down your expenses this holiday just when it feels so good to spend. Seeing your record of expenses can give you a much needed wake-up call from all the splurging and spending.


Photo credits: Daniel St.Pierre – freedigitalphotos.net

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