The trick is not only to save money. More importantly, you need to be able to purchase the right kind of gift or a memorable gift that will be cherished by the recipient. Below are 10 tips to consider to maximize savings, without being considered a scrooge!
1.Determine the Total Amount You Can Spend on Holiday Gifts
The goal is to look at the big picture for you not to overspend. It is also very helpful so you do not under spend. And then feel like a miser all year round. This can increase guilt feelings that will make you overspend on the next holiday gift.
2.Determine the Threshold Amount for Each Gift
You may not want to admit it but you treat each person differently. The reality is you have different budget for an officemate, a boss, a loved one, etc. Realize, accept, plan!
3.Shop Ahead of Time
This allows you the ability to compare prices, brands, quality, etc, as opposed to shopping last minute which means prices are higher. And you do not have the time to find the cheaper item with better quality.
4.Take Advantage of Annual Big Ticket Sales
Sales like Black Friday and Cyber Monday. The trick is to shop before and during the sale season. This usually culminates a month before the holidays.
5.Go Online and Search for Pre-Holiday Sales
If you missed Black Friday and Cyber Monday don’t fret. Go online and search for trade fairs, mall sales, holiday bazaars, etc. These places usually carry lower priced goods than malls
This does not only mean immediately prior to the holidays. This means you hoard coupons all year long. Also, by using coupons for your own purchases you save more money to increase your gift quota. This is a win-win situation.
7.Consider Making Your Own Gifts
You have probably heard the pleas…”No more mugs, no more tie’s no more sweaters, for crying out loud no more socks and towels!” By making your own gift like cakes, cookies, pies, etc. you make your gift extra special – and cheaper to boot!
8.Plan Where and When to Go to Save on Gas
You probably have no idea how much petrol you are spending just to go to and from shopping districts. What is worst is that some consumers travel miles to buy one gift and then return to buy another the next day. By planning ahead you can coincide your grocery shopping or your vacation time with gift purchases. This way there is no petrol wasted.Change Your Shopping Habits To Save Gas, Save Money, And Enjoy!
9.If You Can, Buy Wholesale.
No, this does not mean socks, towels, mugs! Find a common interest for certain recipients and buy en masse. For example, if your friends consist of plant hobbyist then consider buying ornamental plants wholesale.
10.Avoid Using Credit Cards for gifts you cannot afford to pay for outright
Last but certainly not the least; never use your credit card unless you already have the funds for the purchase. What this means is you can use your credit card to take advantage of reward points. But make sure to have the money for the purchase on hand. This is to avoid overspending and paying for a gift for several months on installment.
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