4 Smart Suggestions on How to Enjoy the Holidays Without Spending Too MuchJun 09, 2021
Money saving tips for the festive season
The holiday season can be so bitter-sweet. On one hand, everybody’s in a good mood. On the other, the pressure to spend money is astronomical. By the time you’re done with gifts, decorations and costumes, it probably feels like you’ve spent a fortune. Financial Expert Amy Livingston suggests that “The holidays may be ‘the most wonderful time of the year,’ but they’re also the most expensive. At a minimum, Americans spend an average of $1,052 on gifts and other holiday-related items every year. And that doesn’t even include the cost of holiday travel and activities.”
Here are a few sound budgeting tips to help you save money, especially in a post-pandemic holiday season:
1) Eat Home-Cooked Food
One of the biggest sources of overspending during the holidays is restaurant food. It might be convenient to eat out, but it’s also expensive. An easy fix to this is cooking your own food. Not only does this save money, it’s also healthier.
2) Use Basic Decorations
Holiday decorations get more and more outlandish every year. Some people go as far as to set up light shows with animatronics. There’s really no need to go to such extremes just to prove you’re having a good time. Keeping festivities simple can be just as fun, if not more.
3) Don’t Leave Plans till the Last Minute
Procrastinating is easily the biggest mistake anyone can make during the holiday season. It doesn’t matter whether you’re talking travel, gifts or activities. Waiting till the last minute to prepare means you’ll get the worst possible prices. Start shopping/planning early, and you’ll save tons of money.
4) Set Price Limits on Gift-Giving
Gift-giving can turn into a spiral of excess. Specifically because people often try to outdo themselves financially with gifts. Instead of spending more and more money on escalating sentimental gestures, come to an agreement about affordable gifts instead. Price limits can even encourage more thoughtfulness.
Considering how abnormal 2020 has been, it should come as no surprise that navigating the holidays is full of challenges and dilemmas. Particularly financial ones. During any other year, making it to the holidays would be cause for celebration. But this year, the world is still trying to recover from a devastating pandemic. Which means it’s wise to tame all your holiday spending. If you like what you just read from our blog, you’ll love the various informative courses, workshops and events listed on our websites and social media. Whether you’re interested in personal development, or overall improvement of your business, give us a call at 1 (888) 823-7757 to find out how The RISE Academy can help you break past your daily struggles and start soaring in success. For business development coaching by Richard Martinez, call at 626-202-2291 or follow us on Facebook and Instagram.
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