How To Stay On Budget During The Holidays

Budgeting Advice

How To Stay On Budget During The Holidays

As everyone prepares to celebrate the season, it’s easy to get pulled into the revelry, mirth and expense of decorating, entertaining and gift-giving.

The holiday spirit is manifested in every aspect of life for the last two months of the year, whether it involves walking through a favorite arts and crafts store and smelling pine and apple spice or watching as whole neighborhoods transform themselves into mini-light shows.

Moved by nostalgia of past celebrations, moved by goodwill for all, or moved by big ticket discounted items, overspending becomes a reality. While one could spend like drunken sailors this season, no one wants a serious debt hangover come the New Year.

To avoid excessive debt, budgeting and conserving one’s money, here are some practical ways to enjoy the holiday spirit.

The Rising Cost Of Christmas

On the surface, Christmas and spending huge amounts of money appear to go hand-in-hand. Materialism and commercialism not only make the cost of celebrating the day more expensive, but can also prevent people from enjoying the holiday because of their tight budget.

As a result, many find themselves stressed out throughout the entire holiday season. This is especially true for those who are looking at proposing during the festive season, the mere thought of scouting for an engagement ring alongside the rising cost of everything else on the shopping list may take a toll on your bank accounts.

Whether purchasing food for the Christmas Day menu or finding perfect gifts, any joy of the holiday spirit is dampened by the costs associated with unnecessary, frivolous consumption.

Prices for products have increased without a doubt, but Christmas is only as expensive as one makes it, so even those with a restricted budget can have a wonderful Christmas without spending a fortune.

Holiday Spirit On A Budget

The great thing about holiday spirit is that it cannot be purchased at the mall or bought online. It is a collective feeling that envelops everyone this time of year—free of charge.

Because the holiday spirit is something intrinsic everyone can have regardless of personal wealth, those with great and small means can be equally happy. It is definitely possible to celebrate the holiday spirit on a budget.

Budget Tips For The Holidays

Create a list of expenses.

Before actually spending money, itemize a list of all the people who will get cards and presents, in addition to the cost of shopping for the groceries.

Decorate on a dime

When decorating, avoid overspending by making homemade decorations or opting for a natural Christmas using decorations like pine needles and branches or pine cones as opposed to store bought decorations.

As opposed to hanging Christmas lights on the exterior of the home, Star Shower exterior holiday lighting can give the home’s façade a magical, fanciful appearance.

Set price limits on gifts

Because of the glut of products, one can easily break the bank on just one person. For this reason, set a cap on how much is spent on each gift this season.

Take advantage of coupon codes.

Take the opportunity to look for any online promotional coupons from favorite stores because during the holiday season it can mean up to fifty percent in savings.

Get a second job around the holidays

Many department stores need help throughout the holidays, which makes many opportunities for those to work seasonal positions. If extra money is needed during the holidays, that option, in addition to other working opportunities, is available.

Don’t wait until the last minute to grocery shop

As the time to celebrate the holiday comes closer, stock up on canned goods and other products that can be stored until used to avoid shockingly expensive grocery bills, and, as always, make a list before shopping.

Finally, just because Christmas this year requires a budget, that doesn’t mean that the holiday spirit present throughout the entire holiday season is diminished in any way.

By focusing on the memories made during the holiday, those who revel in the spirit of goodwill can truly enjoy Christmas Day.

Even better, come January 1, you will begin the year debt-free!