Tips for Saving Money This Holiday Season (Part 1)

November 21, 2013

With a little planning, you can be careful to not overspend on your holiday gift shopping while still getting a great gift for your loved ones.

With a little planning, you can be careful to not overspend on your holiday gift shopping while still getting a great gift for your loved ones.

While the holidays are a wonderful time to celebrate and enjoy your family, all too often people will spend too much money on buying over-the-top gifts for their loved ones, which can pave the way for a difficult new year – particularly considering that tax season is just around the corner. With a little planning, however, you can be careful to not overspend on your holiday shopping while still getting a great gift for your loved ones. Here are some tips for saving money on holiday shopping this Christmas season:

  • Hit up Black Friday sales – Black Friday is a great day to take advantage of awesome deals on items that you may be considering buying for someone on your Christmas gift list (especially if you want to get someone a pricey electronic gadget). However, you don’t have to get up at the crack of dawn or put on your football helmet and deal with aggressive crowds to score Black Friday deals. Many retailers offer great deals for online shopping so you can take advantage of saving money without leaving the comfort of your home.
  • If you miss Black Friday, try shopping late – Although you may want to get all of your Christmas shopping done early, if you miss the Black Friday sales, it can be a good idea to wait to do your shopping until a few days before Christmas. During these final holiday shopping days, a lot of retailers will offer great deals on their items because they are trying to see a final boost in their sales. While this strategy can be risky (especially if you want to shop online), it can pay off enormously.
  • Look for and use coupons – Before you go to the mall or a specific store to shop, do a little online research to see if any of the retailers you are planning on visiting have coupons that you can take advantage of.

For more tips and ideas on how you can avoid spending too much money on Christmas gifts this season, check out the upcoming Part 2 of this blog.

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Categories: Blog, Budgeting, Financial Tips, Saving Money