It’s Christmas season again and you know what this means…. it’s shopping time!
Many of us have become smart shoppers in the recent years. We’ve always looked out for great deals not just from our favourite shops but also from online stores. Of course, comparison shopping always helps us stretch our budget and gives us room for more savings (or more gifts for everyone!).
The holidays, as we all know, is all-out to get you. The décor, the music, lights and heavenly smell of the Christmas season is in every store on every street! Shoppers are frantic, moods manic at the whole atmosphere is just completely different compared to the other months of the year. It is pure seduction.
Financially speaking, this can be a danger to shoppers who will cross boundaries they’ve set when it comes to holiday shopping. Let’s face it, once in our lives at Christmas, we’ve thought that it is okay to spend a little more freely for just this one time. The truth is, we sometimes forget that we will be paying for our holiday shopping expenses in the next months (or years) to come.
So, here are some helpful tips to get you on the right track with your holiday spending:
Create a budget plan. Be realistic on how much you can spend on your purchases – gifts, food, entertainment, travel etc. Tally the costs and stick with it! When you don’t budget and put a dollar limit to your expenses, then you are most likely to blow your hard earned Christmas bonuses. You’ll be horrified by your expenses come the following month (trust us!).
Keep track of your spending. You’ve allotted time to create a budget and now it’s time to stick with it. If you don’t stay within your spending limit, then you’ve just wasted your time.
Make a list of the items you need to buy. Knowing what to buy before heading off to the store will not only save you time. It also prevents you from impulse buying. When you’ve got everything on your list, stop.
Shop early. This always works. It saves you the rush and gives you more time to relax and enjoy the season.
Beware of the sales pitch. Stores work hard to entice you and your need for shopping and if you aren’t careful, you will blow that budget. Still falling for credit card offers? (you know, those “skip a payment”, “buy now, pay later”?) Bypass the in-store credit card to get a one time discount, too! Downsize your spending and not your holiday cheer!
Have a fun time shopping and a happy Christmas to you all!