Investing On A Budget Starts By Saving Over Holidays
The holidays are the most wonderful time of the year, but they can also be most depressing period, if you don’t have the money to purchase everything you need, or if you find yourself deep in debt one month later. There are solutions to enjoy the holidays no matter how big or small your budget is, but you have to plan in advance, and to keep your expenses under a tight control.
The simple fact is that shops will try to push as many sales as possible just before holidays – it’s their best moment to make profits, so you need to educate yourself to resist the temptations. Start by setting a budget, and keep it realistic. Make sure you include everything you need to purchase – food and gifts, obviously, but also minor items, such as paper napkins and candles to decorate the table. The rule of thumb when setting your budget is insure that you don’t spend more than you can afford to. Don’t beat yourself up if you won’t be able to buy everything you need this year, you’ll find ways to make the next season even better.
Keep Your Finances Under Control During the Holidays
If your family decorates a Christmas tree, consider purchasing one that can be re-used for many years – either an artificial one or a potted tree. Or if you have a garden, plant a tree and move the decorations outside. Create a stock of decorations, and add one or two more each season. This way, you’ll always have something new to enjoy, but you also won’t have to get out of the way to purchase an entire new batch each year. Sometimes you have to spend a little more in order to make savings on the long term, so focus on buying quality decorations, such as those made of glass, instead of paper, so that they have a long life. Consider home-made items, which can be a lot of fun for the entire family. Stay away from novelty items, which are the most expensive and quickly lose appeal.
Start shopping early. The best time to shop for holidays is immediately after they’re over – when you’ll find lots of discounts everywhere. This is also a good moment to draft your shopping list for next year, since everything is fresh in your memory, and you know exactly how much you spent and how many gifts you had to purchase for your family and friends.
Try to buy one or two gifts each month
Instead of shopping for gifts in December, when there are temptations everywhere, try to buy one or two gifts each month. Pack them and put them in safe storage space – and don’t forget to add name tags, because by Christmas time it may be difficult to remember exactly what you wrapped in each pack. This is a great way to take advantage of various discounts and special offers available during the entire year.
Remember you don’t need to buy expensive items to show people how much you love them. Very often a simple, but well-thought gift can be more valuable than a new gadget. Just focus on having fun and spending time with your loved ones, and the holidays will become less stressful and more rewarding.