The following article may contain affiliate links or sponsored content. This doesn’t cost you anything, and shopping or using our affiliate partners is a way to support our mission. I will never work with a brand or showcase a product that I don’t personally use or believe in.
Saving Money for the Holidays
It’s hard to believe the holiday season is upon us already. And with it, comes added expenses like gifts, travel, events, decor, and more. It can be incredibly stressful to figure out how you’re going to participate in everything, while also staying on budget. In preparation for your holiday celebrations, here are tips and tricks I use to get organized and save money.
Outline your purchases
Gift-giving is one of the most stressful (and expensive) parts of the holidays. Are you buying every friend a gift or just a select few? Are you purchasing multiple gifts for close family, or just one? Get a game plan together of who you need to buy gifts for, where you’ll shop, and how much you’re willing to spend per person. Putting this info in a list on your phone is a great way to access the information while on the go.
2. Shop online for better deals
The actual shopping for gifts can be one of the most time-consuming and stressful activities during the holidays. But shopping online can save you a ton of headache — and money. Not only do you avoid packed parking lots, check-out lines, and swarms of people, shopping online can also save you money. I use sites like Coupons.com to give me free printable and digital coupons to all my favorite places. Another trick is to use a cashback credit card. Companies will often also participate in exclusive online sales, like Cyber Monday, which are not valid in-store. Even more, a reason to shop from the comfort of your own home.
Another hack: when I buy clothes online, I make sure to only buy clothes from retailers with a close-by retail location. That way, if the item doesn’t fit, I don’t have to pay additional shipping or return fees to get my money back. If you’re purchasing an item of clothing for someone – and aren’t sure whether it’s going to fit — check to make sure there’s a brick-and-mortar location near them (and request a gift receipt.)
3. Cookie Exchange
Growing up, this was of the best ways to celebrate the holidays with family and friends without breaking the bank. Each person or family bakes two dozen cookies or pastries of their choosing and brings them in a tin. Then each person goes around and takes cookies from each bunch, putting them in their own tin to take home. 2 dozen various homemade goods to share with your family, and a great way to catch up with friends.
4. Free events
From caroling to light shows to parades, there are so many exciting holiday events that are completely free. Take advantage of these events, or make up a free event of your own. I’ve started a tradition of inviting a few friends over, making hot cocoa, and driving around our surrounding neighborhoods to look at Christmas lights while we sing along to carols. It’s a fun and inexpensive experience we all love.
What are your favorite ways to save during the holidays? Tell me below!
I get asked all the time: what are your favorite money management tools?
Chase Freedom Unlimited: My go-to travel and dining rewards card that I recommend.
Deserve: The card I recommend for building credit.
Treasury: We’re building a one-of-a-kind, non-judgemental community where you can learn exactly how to invest, build wealth, and receive exclusive access to Her First $100k.
Capitalize: Did you recently switch jobs or launch your own business? Instead of losing money, roll over your old 401(k) into a brand new or existing IRA with Capitalize. They handle all the paperwork for you and for FREE, including calling the 401(k) provider on your behalf, completing paperwork, and sending faxes.
Personal Capital: The tool I check daily, Personal Capital is the best tool for tracking your net worth and your progress towards goals like saving, debt payoff, and (yes!) $100K.
The $100K Club Facebook Group: Need some honest money conversations in your life? Join my free community to get your burning questions answered.
Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed, or approved by any of these entities.