Save Money Over the Holidays

Are you saving money for a down payment on a house? Then you may be wondering how to get through the holiday season with some money left in your pocket. It can be so easy to overspend this time of year, especially when you want to show your loved ones how much you care about them. Here are some of the best tips we’ve found to save money and still enjoy yourself over the holidays.

Establish guidelines

Does it feel like your shopping list gets longer and longer every year? Are you exchanging gifts with other adults that are about the same value? Maybe it’s time to establish some guidelines. While it’s always fun to give gifts to children, it could be time to eliminate gift-giving among adults. If you feel like others may feel the same way, you can suggest not exchanging gifts this year. You may be surprised by how grateful others are to save the money, effort, and stress.

Set a budget for each person

In addition to whittling down your shopping list, you can also set a budget per person to avoid overspending. Limit a specific dollar amount for each person, and stick to it. Yes, there will always be people who spend more money than you do during the holidays. But don’t feel like you have to keep up with Joneses. Remember – each dollar you save can go towards the money you’re accumulating for a down payment.

Avoid using credit

While it’s easy to pull out that credit card during the holidays if you feel financially overextended, don’t. Not only will you be paying the amount of the gift, you’ll also end up owing extra for interest. If you’re able to pay off the balance in full on your next statement, then using your card isn’t a big deal. If you’re not able to pay it all off immediately, keep the credit cards at home and use your debit card or cash to pay for holiday gifts.

Comparison shop

If you have a specific gift in mind for someone, then take the time to comparison shop. This is especially true for electronics and other gadgets that are sold from multiple retailers. There’s no reason to pay more for the exact same gift you can get cheaper elsewhere. Also check to see if the store has a price-match policy, which may save you the time of heading to another store.

Keep track of your expenses

If you really want to save money, then it’s essential that you keep track of your expenses. Make a list of all the gifts you plan to buy and the budget for each. Then fill in how much you actually spent on the purchase. Seeing the numbers in black and white will help you stay on track.

DIY your gifts

Finally, why not make some of your gifts this holiday season? We give gifts because we want to show people we care. It doesn’t take piles of money to show someone how much you love them. There are so many great ideas online for homemade gifts, including cookies, home décor, and body products. If you have a little extra time and some imagination, you can save a bundle!

Compliments of Virtual Results


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Save Money Over the Holidays

The Bergamini Group

The Bergamini Group is a dedicated team of agents and staff with one thing in mind “YOU”. We believe in serving our clients by doing the job they hire us to do and doing it right. You can trust our experienced team of sales associates to represent you professionally and expertly throughout all phases of the home buying and selling process. We tell the truth, even though it hurts. We strive to provide the highest level of customer service to our clients with honesty and integrity. You may not like what we have to say, but it will be the truth. Our goal is to find you your dream home.