How to Cut Holiday Spending
As we continue to experience supply chain issues and rising costs, this is not the year to be a procrastinator when it comes to holiday shopping. We hear reports that we will most likely encounter empty shelves and shipping delays if we wait too long. Much of the price surge is due to the pandemic which has driven inflation to a 13 year high of 6.2%
The holiday season can be stressful enough without the added burden of overspending, or not finding the gift you want. It is easy to get caught up in the holiday spirit and spend too much. With a good plan and budget, you can save some money and your sanity. We’ve got some great tips on saving money this holiday.
Instead of buying gifts for everyone in your family, pick names out of a hat for secret Santa. This way everyone will be responsible for one gift instead of buying multiple gifts for everyone.
Make a Budget and Stick to It
carefully analyze your finances And determine how much you’re willing to spend. Creating a savings fund for gifts would be ideal but for many families, Finances were hit hard during the pandemic. Think of a realistic budget and stick to it.
Shop Local to Avoid Shipping Fees
Being able to Purchase items produce locally to avoid shipping fees and delays. A big part of Supply chain disruptions is due to trucker shortages.
Give an Experience as a Gift
Instead of gifting monetary items, save money by planning something fun to do with a loved one. People will remember the good times together longer than the item you got them.