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How To Save Money While Holiday Shopping

How To Save Money While Holiday Shopping

The Holidays can be a stressful time of year even without the added pressures and expenses of shopping for friends and family. While there may be no way to keep Great Aunt Edna out of the eggnog, at least there are ways to save money while doing your holiday shopping.

Act Like Santa

Just like the jolly fat man, when shopping for the holidays make a list and check it twice. Write down who you would like to get a gift for, and ideas for what to give them.

Comparative Shop

Before you purchase your gifts, look at all the stores ads and see which stores have your items for the lowest price.  If you can find one store that has a good price on most of your gifts, it might be worth it to pay a little more to buy the rest of the gifts at the same time, just to avoid the crowds at multiple stores.

Set A Budget

Once you have an idea of how much your gifts will cost, set a budget. Make sure that it is not too high for you. If it is, find lower priced alternatives for your presents. Once you have set your budget hold yourself to it.

Avoid Impulse Shopping

Shoppers during the holidays always face an onslaught of advertisements and promotional offers. To save money it is always best to stick to the list, no matter how nice an item looks while you are standing in the store. If you are prone to impulse purchases, it might be a good idea to only bring the amount of money you budgeted into the store with you.

Start Early

By starting your holiday shopping before the actual holiday season you can avoid the rush, and have more time to find the perfect gift for each person on your list, for the perfect price.

Look For Promotional Offers

Many stores and restaurants will offer deals where you get a free gift card with the purchase of a gift card. These can make great presents or last minute gifts for anyone you left off your list. And if you don’t give them away, you can always use the card yourself.

Shop Online

Most Americans will purchase at least one online gift this holiday season. Online shopping is nice because it allows you to look at multiple stores, instantly compare prices and never have to leave the comforts of your home to face the madding crowd.

Look For Free Shipping

If you shop online always be sure to look into free shipping. With some online stores you will have to purchase a certain amount before you qualify for free shipping. Be aware that free shipping is often a few days slower, so plan ahead.

Make A Gift

Making a gift is often more thoughtful and meaningful than any gift purchased in a store. You could make a favorite meal, or a hand knitted scarf, or even just take care of household chores for an elderly friend.

Sign up for Store Credit

Signing up for a store credit card can also be a good way to help you save money while holiday shopping. Most stores, especially larger scaled department stores, provide incentives for people who sign up for a credit card. This can include anything from cash back to a certain percentage of your purchase. If you decide to sign up for a store credit card, make sure you read all the fine print. You may think that getting 50 percent off your first five purchases is a steal, only to find your interest rates through the roof. If you are struggling with or have poor credit, this method is not advised. People in this situation may end up getting rejected, which will look bad on their credit report. Check your personal credit information from a reputable source, before deciding whether or not to consider this approach.

The holiday season is a wonderful time to spend with friends and family, but it also takes a toll on your wallet. There are a number of ways you can save money while shopping for your loved one’s gifts, from shopping online to applying for store credit.

Read our recent article here on Successful Holiday Shopping Without Breaking the Bank.