When the holiday season finally ends, the last thing you want to do is to start preparing for the next year.
While it’s true that next Christmas is almost a year away, how often do the holidays come upon us only to find us unprepared?
In most cases, people become stressed when they realize they only have months or weeks to save for and complete all their holiday shopping. Instead of forcing yourself to scrimp and save last minute, why no begin saving for 2017’s holiday season now? Here are five ways to save for this year’s holiday season:
Set Up Your Budget
Although you don’t know exactly what you’ll spend next season, you can still estimate based on what you spent this past year. Take the time to create your holiday budget now. Figure out who you want to buy for and about how much you want to spend on them. Then estimate what you’ll purchase on any extraneous food and décor items. After figuring out what you need, you’ll have a good idea of your monetary goal and how much you need to save.
Save a Little Each Month
After creating your budget, the best way to begin saving is to merely set aside a little each month. Divide your end-goal by twelve so you know exactly how much you need to put away. Then, open an account or create a savings fund that is holiday specific. By putting the money out of sight and reach, you won’t be as tempted to dip into it should you need or want something now and you won’t put yourself in debt by placing purchases on a credit card.
If you already have some gift ideas for people on your list, don’t wait until November or December to start shopping. Take advantage of the time you have and purchase gifts sporadically as opposed to all at once.
Starting now will give you the opportunity to shop around for the best price before making a purchase. Try using price match websites or apps to examine all your price options and help you save on gifts.
Book Travel Early
One of the most expensive aspects of the holidays is travel. If you know you’ll be flying or traveling somewhere during the holidays, be sure to keep an eye on ticket prices. The best time to buy can vary, but one things for sure, usually, the earlier you can purchase tickets, the better. Sign up for alerts and check back periodically, so you don’t spend hundreds or thousands on plane tickets.
Don’t Wait to Buy Décor
Holiday decorations are sure to be on sale now that the holidays are over. Take advantage of the deep sales and discounts to buy anything you might need or want for the coming year. Décor tends to be an pricey expense that you don’t want to purchase during its peak moment.
The holidays are anything but cheap. So, don’t wait until the last minute to start preparing. Save now and you’ll find yourself able to enjoy the season a lot more.
Do you start saving for the holidays early? What are other techniques you’ve found helpful?- Kayla