The Christmas holidays may very well be one of the most expensive season of the year. It is very easy to go over-budget with all the parties to attend and the gifts to buy. I did not even mention the funds you need to set aside for the food you and your family will consume during the most festive of months.
Fortunately, you do not need to break the bank that much to have an unforgettable Christmas holidays. Here are a few money tips and tricks you may want to consider to make the most of the yuletide and still save up this holiday season:
Create a budget
It is very easy to lose track of your holiday spending if you will not create a budget. Make sure that you prepare a list of all your holiday spending. Include in your list everything you will need to make a budget for. This may include your Christmas gift shopping list and your December grocery list. You may very well throw in your airfare or transportation expenses for your holiday travel into your list. You should also include tips for delivery crews or parking lot attendants in your list.
Stick to your budget
Of course, it does not end with just creating a holiday budget. The second and most important part of it to make it effective is that you need to stick to your budget. You may go a little over your designated budget for each item on the list, but make sure you are still near the ball park figure to avoid going bankrupt, or worse, in depth of debt, after the holidays.
Finish your holiday shopping ahead of time
The beginning of the year is always the best time to evaluate your spending habits and money management skills, as well as formulating ways and making plans to get better at managing your finances. This is most ideal especially if you have plans for the year that would require spending or saving up big amounts of money and/or investing your hard-earned money.
Create A Budget
Creating a budget and making a list of all your incomes, savings, and expenditures is a fool-proof way of tracking your finances. It primarily serves as a record of where all your money went and gives you a clear picture of your financial situation. This written record will allow you to better monitor your finances, thereby making money management a whole lot easier.
Plan Those Purchases
Whether you have major purchase plans for the year, like buying a house or a new car, or simply doing the groceries weekly, it is best to plan your purchases ahead in order to see how you can regularly set aside a fixed amount for the said expenses. Creating such will also allow you to schedule major purchases around those dates when you are expecting bigger income or additional bonuses while relegating smaller or regular purchases on dates when smaller amounts of money are coming in.
If you are planning to buy a new house, using calculator apps like the one found at https://www.sofi.com/home-affordability-calculator/ will also be effective in helping you plan and prepare your budget for this major purchase.
You may already be earning money, but this doesn’t mean you should buy the most expensive items to prove you’re a responsible adult. It’s more responsible to work with a budget and be aware of your spending limits. You don’t need to prove anything to other adults. Those who have been in your current situation understand that there’s a learning curve and that you have to slowly work on your belongings before you can confidently say you’ve got everything figured out.
With that said, let’s look at some items you can buy as part of your adult life without necessarily costing an arm and a leg.
Toners and Makeup Pads
When you look at products such as face toner online, one of the first things you’ll notice is the range of prices. There are toners that are inexpensive and there are toners that come with a hefty price tag. The truth is, you don’t need the most expensive toners to get the job done. If you look carefully at the ingredients list, you can find a toner that works especially for your skin type without it ruining your budget. The same thing can be said about makeup pads. There are makeup remover pads you can buy for a good price, while those from well-known makeup brands can cost a little more. The price difference can be because of the technology they used to create the pads, but even a simple cotton ball can work if you already have a good toner to begin with.