Whether you’re planning to buy holiday gifts for your loved ones, or simply wish to treat yourself, it’s just easy to overspend on shopping. So, if you are living paycheck-to-paycheck, keep on reading for the 7 ways to survive holiday shopping when you’re on a tight budget.
- Space out your purchases.
If you do all of your holiday shopping in one day, it’s going to be a ridiculously expensive day. Remember, you don’t have to save the full amount just to cover one big day of shopping. So, give yourself a week or two in between each gift purchase so you’ll have enough preparation to determine how much you can afford to spend on your budget. This way, you’ll feel more satisfied and you’ll get chances to think before you buy.
- Start before the prices start to fluctuate.
Prices around the holidays aren’t necessarily guaranteed to rise or fall on a specific day unless it was pre-determined by fashion stores. Generally, price increases depend on supply and demand. For instance, if retailers have items that aren’t flying off the shelves, they might dip in price around the second week of December to sell them, but if a product is in high demand, the price could jump. By starting early, it will allow you to avoid the price dance.
- Make a list of everyone you want to shop for, and how much you want to spend on each person.
If you’re a social butterfly who has a lot of friends that you would love to buy gifts, you have to set a price limit for each person on your list, as well as the things you’d like to give them. If you are shopping for someone without a price direction, you’re more likely to overspend.
- Write out a budget for all the other spending that’s about to happen this season.
Holidays are often the most expensive time of the year as you’re likely to buy gifts or host a party at your house. So, write every event and gatherings you’ll need to prepare for to show yourself exactly why you’re keeping your spending at bay.
- Plan your shopping calendar around the best times to buy various products.
There are best times to go shopping without being overwhelmed by large crowds. If you’re a fan of online shopping, look into free shipping holiday promotions. Often major retailers will offer a “free shipping day” where they’ll knock the shipping charges off your order. Just look when these deals arise before you bring your digital cart to check out.
- Abandon holiday guilt.
Remember, there is no requirement for how many people you have to shop for, and giving presents among friend groups and coworker circles is not required. So, let yourself off the holiday guilt to make you save money during the holidays. By heeding our tricks, you’ll be able to survive the holiday shopping even you’re on a tight budget.