Stress-Free Holiday Budgeting: 7 Ways to Save Starting TodayAnna Newell Jones
Holidays are a stressful time of year. Besides having a million get-togethers that inevitably cause chaotic feelings there’s the old gift-giving process that adds to the stress. Not only do you have to decide what to get for each person on your list, you’ve got to figure out how to pay for everything too. To combat the financial stress of the holidays, I do a lot of homemade gifts and re-gifting (don’t tell…).
If you are one of the people that swears to save up cash for holiday spending each year, but still haven’t started it’s not too late to reach your goal. No matter how much money you don’t think you have left over each month, you can still find ways to save a couple of hundred bucks in the bank before the holidays begins.
Financially Stress-Free Holidays? It’s Possible… Get Started Today 1 of 8
Click through for 7 ways to save money for stress-free holiday spending...
Image source: MSVG
Deposit Your Morning Coffee Cash 2 of 8
Rather than stop at the local coffee shop, fast food joint, or convenience store every morning, put that $3-$4 into an envelope. Start this in September and save $270 or more by early December.
Image source: PaulSteinJC
Eat at Home 3 of 8
A family of 4 may spend $50 or more dining out once a week. If you start putting that $50 in an account for Christmas in September, you could have $600 by early December. If your family dines out more often, you have even more money to save for the holidays. If you tend to eat lunch at the local deli, you can add that money to the till. Sacrificing some lunches and dinners for a few weeks will be worth it when it is time to hit the sales at the mall.
Image source: Steve Snodgrass
Quit Smoking 4 of 8
With cigarettes costing $6 a pack or more depending on where you live, you can find an enormous savings by quitting before the holidays. Pack-a-day smokers can stash over $500 in the bank and be on the road to better health a great gift to oneself.
Image source: DucDigital
Sell Your Treasures 5 of 8
Items sitting in the attic or in the back of the closets you no longer use can be sold for cash. Look through your clothing, antiques, appliances, and whatever else you haven't touched in years to see what you can sell. Host a yard sale, sell it online, or visit a pawn shop. De-cluttering your house is an added bonus.
Image source: ercwttmn
Promote Your Skills 6 of 8
If you have some skill sets that are marketable, start marketing them now. You can offer babysitting, dog-walking, home/office cleaning, or other services to friends and neighbors and ask them to spread the word. If you are good at making things, consider renting some space at a craft fair or fall festivals to sell your wares.
Image source: Alan @ Houghton Regis News Desk
Slash Your Budget 7 of 8
Go through your monthly expenses and see what can be cut out on a temporary or even permanent basis. This may include gym memberships, video rentals, extended cable, or the home phone you never use.
Image source: Dick Thomas Johnson
Auto Deposit Your Paycheck 8 of 8
Funnel some of your paycheck directly into the savings account you have. A set amount of whatever you can afford can go directly into the account without any temptations to spend it. Keep these auto deposits going all year round by opening a Christmas Club at your bank.
Image source: comedy_nose