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In today’s post, I’m going to be sharing with you 7 of the best tips on how you can start saving money for the holidays.
December is a mere 2 months away, and that basically means that 2019 is almost over. Crazy, right?!
The holidays can be a stressful time for many people. Between hosting parties, buying new clothes for the season, and buying gifts, the expenses sure do pile up this time of year.
It’s very easy to go into debt because of the holidays, but it’s also very doable to survive the holiday season without going completely broke. All it takes is a little bit of prep work and consistency.
Below are my tips for saving money in the holiday season.
1. Start now
If you want to save money for the holiday season, the sooner you start putting money away, the better. You will get to your savings goal quicker and will have to live on less of a budget closer to the holidays.
Start saving money you make from your job, as well as any unexpected funds and leftover money at the end of each month leading up to the holidays. Every little bit helps.
2. Create and stick to a budget
Budgeting will help you loads when trying to save. Everybody has a different income so your budget will not be the same as everybody else’s.
Take some time to calculate how much money you NEED every month for rent, food, and bills. Then, put away some of your remaining funds in a savings account.
3. Sell any unwanted items
Most of us have a lot of items in our homes which we don’t use anymore. If you don’t mind parting with these random things laying around your home and cluttering your space, why not sell it?
Clothes can be sold on websites like Depop or Facebook even, and you can also open up an eBay store and start selling your unwanted things there. If all else fails, are garage sales still a thing? If they are, have one! You’ll declutter your space AND get paid for it in the process.
4. Use Rakuten to get cash back
Saving money for the holiday season doesn’t just have to be in the form of literally saving money. You could also be getting cash back on purchases you make!
Rakuten (formerly known as Ebates) is a crowd favorite when it comes to getting money when you spend it. They partner with 2,500 online stores and also have the option of in-store cash back if you prefer to shop at physical stores.
Some of the stores you could be making money from shopping there are Puma, Macy’s, Ulta, Kohl’s, Michael Kors, The Container Store, A&F, Amazon, Target, Nordstrom and thousands more! Sign up to Rakuten here and start getting cash back today.
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5. Don’t underestimate coins
I slept on coins for SO long. Anybody else?
When it comes to saving money for the holiday season, every little bit helps. That means coins too! Any time you have extra coins, instead of scattering them all over your bag, car, and house, collect them somewhere. At the end of a few weeks, take them somewhere like a Coinstar and get cash back for your coins.
You’ll be surprised at how much loose change can accumulate to! I did this once and had over $30 just lying around at the bottom of my purse!
6. Use cash instead of cards
I don’t know if anybody is like me, but when I actually SEE how much money I’m spending, it makes me not want to buy half the stuff that I’m buying.
There’s something about paying with a card that almost makes it seem like I’m getting stuff for free, which is nuts. But that’s how my brain thinks about it!
Since switching over to cash for my day-to-day purchases, I’m spending less and saving way more.
7. Outsmart online stores
If you like online shopping (because let’s face it- how easy is that?) and do it a lot, then try this hack. Add items you’d like to buy to your cart and leave them there. After a day of two, most stores will email you some sort of percent-off coupon on your entire order! Make sure you have an account on the store’s website because, without it, they won’t be able to email you.
A bonus tip is to then see if the website you’re shopping on is on Rakuten. If it is, you’ll be saving money from the coupon, AND getting cash back on the items you buy!
If you enjoyed this post, I’d love it if you could share it! Let’s help everybody save some $$$ for this holiday season.