Peruse the aisles of most stores, online or otherwise, and you’ll see it: holiday deals.
Yes, whether or not you’re ready, the holiday season has officially begun. And while this time of year can be a great opportunity to connect with family, it can also be traumatic for your finances…if you’re not careful.
So, how do you buy for everyone on your list without slaying your budget? Try these tips:
Make a game plan with your partner
Communicating about finances is key, and it’s especially important around the holidays. For couples who share accounts, make a gift list and set spending limits. This way you can avoid those tense conversations about dipping too deep.
Also, review your checking and credit card accounts so that you don’t get too wrapped up in the holiday spending spirit. Set realistic goals. Can’t pay off purchases immediately or in a short amount of time? Re-assess your plan.
Comparison shop online
One of the perks of online shopping is the ability to research. Before you click “buy now,” compare by checking the price across different retailers. It might be listed full-price on one site, but on-sale on another.
Also look for free shipping. If you spend enough time researching different retailers, you may find a discount on delivery.
Rewards points to the rescue
If your credit card has a rewards or points program, check the rules. You may be able to apply your earned points towards purchases at major retailers like Amazon, Best Buy, Macy’s and more. True, you’ll give up the points, but avoiding holiday debt might be worth it. Take a peek at our Rewards card and the amazing promotion going on through the holiday season.
Experiences may mean more
Whether or not you’re on a tight budget, sometimes the best gifts are low-cost, personal gestures. After all, it’s hard to find presents for people that they’ll actually love. So, rather than spending a ton of cash, give a framed photo or cook a delicious meal for a family member or friend. A one-of-a-kind experience is more memorable than a gift you can easily buy from a store.