The holidays can be extremely stressful for many people. What happens more often than not is we overdo it and spend too much when shopping for gifts. Here are a few tips that ensure you buy smart and start the new year off the right way.
Some tips to get you started include:
~Set the exact amount you would like to spend for the entire holiday.
~ Price out each item. (Look online)
~ Keep your list handy.
1. Research Before You Purchase
Naturally, we can get caught up in the holiday spirit by buying unnecessary items, but doing this can add up quickly. So first, start researching the items you want to purchase. This is especially important with high ticket items. Your research should extend beyond product pricing to also include product reviews. Researching customer reviews will help you ensure you pick the best possible product for your needs.
2. Use Credit Wisely
A credit card can be a great way to help you complete your holiday shopping. Essex Bank has a wonderful low-rate credit card. Pick the best Essex Bank credit card that fits your needs. Apply online for yours today!
3. Use Price-Match & Discounts To Your Advantage
You can check your local retailers to see if any are offering a price-match guarantee. This means they will match the price of a competitor or even offer the product at a lower cost. Plan to check online prior to Black Friday and Cyber Monday so you can maximize your savings. Additionally, you can google discounts for the items(s) you’re looking for and you might find them!
4. Don’t Go Crazy With Gifts
There are plenty of creative ways to save money when it comes to giving gifts. One option is group buys! Those with large families can pool their money together and give gifts jointly. Another option is to buy gifts just for the kids! There’s always happiness to be had by seeing the smiles on the kids’ faces as they open presents. Lastly, you could consider a secret Santa gift exchange and set a budget for how much to spend with a set budget or consider making your own gifts.
5. Know When To Stop
This goes back to making a list and checking it twice. Once you have made all your purchases, stop shopping! It’s easy to keep shopping throughout the holiday season, but once you have completed shopping for everyone on your list, cut it off. Try to avoid unnecessary shopping trips to retail stores to avoid temptation.
6. Consider A Personal Loan
If you’re like most consumers, you swipe your credit card a lot during the holiday season; however, if you are unable to pay off your credit card balance in a couple of months, you could incur a lot of credit card interest. This is especially true if you have a high APR. Consolidating your credit card debt to a low-rate personal loan after the holidays could be a great way to help you pay less in interest, and help you pay off your holiday debt faster and for less.
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