According to the National Retail Federation, the average consumer spent around $1,000 on presents last year. Although that may seem like a lot of money, any holiday shopper knows how easy it is for the costs to add up and get out of control.
So what can you do to cut down on the costs? Is it possible to go holiday shopping on a budget?
Keep reading to learn about six tips that’ll help you go holiday shopping on a budget.
Spread the Costs Out Throughout the Year
If you spend as much on presents as the average consumer does, it can seem like a lot to finance all at once. Instead, consider spacing out your purchases throughout the year.
If you’re shopping and see the perfect gift for someone months before the holidays, why not get it then and store it until it’s time to give it? This can help you make holiday shopping on a tight budget work.
Shop at the Right Times
By taking advantage of seasonal deals and discounts, you’ll be surprised at what you can afford.
Events such as Black Friday and Cyber Monday offer deals that can lower prices by up to 75%. Have a list beforehand, and try to do as much shopping as you can during these times.
Buy the Same Gift for Multiple People
If people on your list have similar tastes, consider getting them the same gift. You can take advantage of buy one get one free deals to save money.
Most products come with small variations. Consider switching up the color or style, but enjoying spending less money and wasting less time.
Have a Plan Beforehand
To avoid spending too much money, you must make a plan beforehand. When you don’t have a list of items to get, it’s easy to end up spending more money than you want at the store.
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Remember to Give Back
Many people spend hundreds or thousands of dollars on giving people they care about gifts. But remember that the holidays are the time to give back to everyone.
Consider setting some money aside for a charity or organization that you care about. Donating to those in need will help you feel better about what you have.
Understand that the Thought Is Important, Not the Gift
It can be easy to feel stressed when it’s time to give someone a gift. But rememebr that if they’re a true friend or a family member, they’ll like it regardless.
As long as it’s thoughtful and shows that they were on your mind, they’ll appreciate the gesture.
Holiday Shopping on a Budget Doesn’t Have to Be Hard
When the holidays roll around, you want to make sure that you can give something to those you care about without going bankrupt. By following this guide and these six tips, you’ll be able to go holiday shopping on a budget, letting you cross items off your list without worry.
Do you have any other advice on smart holiday shopping on a budget? Let us know in a comment below!