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| Tips On Holiday Spending |
Tips On Saving Money For The Holidays
Saving money is always a brilliant and magnificent idea. Money for those unexpected emergencies can come in handy when we least expect it. So why spend all your discretionary income on an unnecessary thing?Of course, we want to have the latest gadgets, the fanciest clothes, smart doors for autonomous vehicles, and those beautiful shiny trinkets, but we can buy those same items for less at the appropriate time with an accurate financial plan. Get ready to try some new ideas to fit what's best for your individual financial situation.
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Make a budget and stick to it, set limitations on your spending, shop early, and continue to strive to put yourself in the best financial situation you can.
After all, a budget is just a plan which may sound a little like music to your ears when it comes to the other dreaded B-word called Bankruptcy; therefore, it is better to make your plan and enjoy the benefits of having accumulated a nice saving, later.
Make a budget and stick to it, set limitations on your spending, shop early, and continue to strive to put yourself in the best financial situation you can.
After all, a budget is just a plan which may sound a little like music to your ears when it comes to the other dreaded B-word called Bankruptcy; therefore, it is better to make your plan and enjoy the benefits of having accumulated a nice saving, later.
1- BUDGET EXAMINATION:
- How much money do you have after taxes - Disposable Income
- How much money do you have after paying for your food, house payment, utilities? - Discretionary Income
You must limit your purchases to increase your savings for future purchases, such as Christmas, retirement, and buying a house. You don't want to spend every penny of your discretionary income just in case an emergency erupts its ugly little head into your life. For example, the unanticipated flat tire, broken refrigerator, or job loss.
Things happen sometimes, and you may not be fully prepared, but at least ensure you have a nest egg for those unforeseen events. Make a plan about how much you will spend and stick with it.
The good news is you will reap the rewards of having extra money for Christmas shopping, a down payment on a car, or that special item that is not frivolous but desired.
Things happen sometimes, and you may not be fully prepared, but at least ensure you have a nest egg for those unforeseen events. Make a plan about how much you will spend and stick with it.
The good news is you will reap the rewards of having extra money for Christmas shopping, a down payment on a car, or that special item that is not frivolous but desired.
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| Money-Saving Tips for the holidays |
2- WAYS TO SET LIMITS ON YOUR SPENDING HABITS:
- Make a budget
- Don't make unnecessary purchases on a credit card that you can't fully pay off when the bill comes. If it's a necessity, that's different, but not frivolous things. Remember, the bill must still be paid when you purchase on a credit card. It's not free money!
3- THE EARLY BIRD CATCHES THE WORM:
- Start shopping for Christmas in August, when you can purchase a little at a time that fits your budget.
- You can even catch after-Christmas sales for great deals for your children or grandchildren's birthday that's coming up in the next few months.
- Buy your Christmas Decorations for the Next Christmas a couple days after this Christmas. That goes for any holiday!
4- MAKE SURE WHAT YOU ARE BUYING IS BENEFICIAL
Ask yourself
- Can you use it enough times to be worth the cost?
- Does it help solve a problem that you need help with?
- Is it something you'll use for a few months and then get tired of?
- Do the benefits outweigh the cost of the purchase?
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| MAKE SURE WHAT YOU ARE BUYING IS BENEFICIAL |
5-TIPS FOR THE HOLIDAY SEASON
- Make your gift
- Shop online to save gas, money, and time!
- Give a gift that can be beneficial in the long run, such as a savings bond. After all, that can help teach your child or family member about the value of money.
- Draw names so you won't have the extra strain of buying too many gifts. We don't want you depressed when the credit card bill rolls in. Is it worth it to be in distress for something that may be torn up in a couple months? Yes, buy what you can, but budget and look for sales. Believe me, you can have things as great as people who go out and make those huge debt bills.
- Use rewards and loyalty points.
- Open a Christmas savings plan.
- Use Promotional Codes- You can find them online or sign up for emails where they send you coupons.
Now that you know some money-saving tips to budget your holidays and everyday life, get busy saving some discretionary income, and have a blessed day!!
Author on Inveigle Magazine
Author: Arica Green (Arica G) is the Founder and Editor of Inveigle Magazine. She created a premiere Lifestyle, Fashion, and Beauty Magazine to entice you towards positive change and increase the quality of life. With Arica's love for writing and informing the Universe about a variety of topics, Inveigle Magazine was born. Follow us @ Inveiglemagazi1 & on FB . View more articles by Arica Green
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