Although red and green may be the colors of the season, you might not be seeing as much green as you would like. This time of year, it’s sometimes hard to make your paycheck go very far. Ebenezer Scrooge might have had the right idea as he saved and counted every penny. Read more below for some tips on how to save and spend wisely.
“I’ll be Home for Christmas.”
‘Tis the season for holiday parties and festive treats, but if you’re trying to save money think of alternative ways you can celebrate. Staying home for a movie night, gift exchange, or party is cheaper than going out to a restaurant or theater. You may also be surprised at how much you could save on those daily treats, too. Buying coffee or a soda every day, or eating out a lot could add up. Be conscious of your purchases and think of alternatives that could help you save, such as packing a lunch.
Say “Bah Humbug” to Full Price.
As you do your holiday shopping, look for sale items, coupons, and reward programs. Many stores have coupons online and in newspapers that allow you to get an item at a discounted price. Others have reward programs that will save you money if you shop there regularly. Pay attention to advertisements to get information on upcoming sales. It would be a shame to pay full price for an item this week if it’s going to be on sale next week.
Make a List and Check it Twice.
Having a budget and a plan for holiday purchases can help you control spending. Budgeting is useful throughout the year—it’s important to know how your expenses and income match up, so you can be sure those crucial bills get paid. Then you’ll have an idea of how much money you have left to spend on gifts. Before you go shopping, think about the gifts you would like to purchase. Knowing your limit is important. Keep in mind that gifts don’t have to be expensive; a thoughtful gift that doesn’t cost as much is just as meaningful.
If you are mindful of your spending, look for discounts, and are purposeful about your purchases, you’ll be sure to save. If you find yourself needing extra income this holiday season, stop by Penmac and one of our staffing specialists can help you find a job that meets your needs.