Holiday Shopping on a Budget

‘Tis the season…to avoid going broke buying presents for your loved ones. It’s easy to do, right? Sometimes we get carried away and spend more money than we intended to. You don’t want to look like a cheap gift-giver, but you also don’t want to buy the whole store.

So, how do you buy awesome gifts for everyone without breaking the bank? We have a few tips for you to keep your trees and your wallets full.

Make a List, Check It Twice

Hey, the process works for Santa so it can work for us! Start with a list of people you plan to buy for, jot down the gifts you think they’ll love and then check it twice. Santa has to buy gifts for the whole world, but you don’t have to. If your shopping list includes more than five people outside of your immediate family, trim your list. Look at alternatives like homemade gifts or baked goods so you can spread holiday cheer without looking like a Scrooge.

Create a Budget Based on Your Finances

Your best friend started a great job a few years ago and always gets you the most amazing gifts. However, if you’re in a different place in your financial life, don’t overextend yourself to match gifts. Look at your budget and see what you can do. Don’t shop based on what you think you should spend. The saying “it’s the thought that counts” really does ring true. It’s still possible to give thoughtful gifts to your loved ones without breaking the bank.

Homemade From The Heart

While there are many options to choose from at one store or another, the best gifts sometimes don’t come from the store. Another way you could save some money on presents this season is by making your loved one(s) a gift. The possibilities are endless on what you can make. Often times, a gift that is handmade from the heart is priceless and more special. If you need some inspiration on what to make, check out Pinterest for a few ideas.

Keep It Local

Shopping local is a great way to save a little cash while also supporting local businesses. Because there are fewer hands involved, buying local can often save you some money. You’ll likely save money by purchasing green beans from a produce stand because the farmer doesn’t have to divvy up his profits the way a chain supermarket does. It’s also a great way to improve your local economy. For example, every $100 you spend at a local business, $68 stays in the community. Follow your local news and check Facebook pages in your area to see what area businesses are offering locally made products.

We know that holiday shopping can be stressful. You’re paying your regular bills, taking care of your everyday expenses, and planning for holiday shopping on top of that. It can be tempting to open multiple credit cards or store cards, which come with incredibly high-interest rates. Don’t get stuck paying big balances on multiple cards. We have numerous options that can help you fund your holiday shopping without spending more.