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We’re all conscious when it comes to the subject of making a budget. Even more so, when Christmas is around the corner. Naturally because the week of Christmas is the most expensive of the entire year and a nailed-on money maker for retailers.
With Christmas comes all sorts of giving. Whether it’s your time for events, your home for hosting, or most importantly your good ol’ hard earned juicy assets. Your money. This being used for outfits, parties, gifts, food, drinks and everything other festivity indulgence. All this giving can get extremely expensive. And if we’re honest, most of the time, even with a budget expenses don’t go according to a plan.
Essential Ways to Stretch your Budget:
When things don’t work according to your budget, then it simply means that you need to consider a few more things to make your budget even more effective. At the same time, you should also know how to stretch that budget even further after Christmas is over.
1. Clip out Coupons and Save them for Later Use:
Clipping out coupons from magazines and newspapers is something that not everyone does while making a monthly budget let alone a Christmas budget, but they ideally should.
This is one way of stretching the budget further, as these coupons can be used in conjunction with in-store sales.
This will definitely take some time as little bit of research is required to find out the stores that is currently conducting a sale and that gives out the best deals and offers.
2. Buy in Bulk:
When it comes to stretching a budget, this can be one of the best things to do. Ordering things like wine, food and decorations, means you often get a discount on the total cost. There are many shops that provide this benefit to their customers.
3. Avoid Using Credit Cards:
Many card companies give out promises of earning redeemable points with every transaction made using a credit card. This is why, most of the customers end up using their credit cards whenever they go shopping.
These ads, at times, can be a positive influence for those who already have a credit card, as it helps them in increasing their credit score. But in reality, all it does is set you on the back foot for the new year finances.
Therefore, it is always better to avoid using your credit card or getting a new one just for the sake of Christmas.
4. Shop during End-Of-Season Sales:
This can be another essential way to stretch you budget further. Because during end-of-season sales you can buy items at an affordable price range. It can be difficult to wait until summer and the day after Christmas i.e. – The Boxing Day, but it will surely be worth the wait.
This is because; buying items during this period can sometimes be up to 70%.
5. Use Loyalty Cards:
These days, many stores have started providing loyalty cards to their customers. They make sure that on every purchase made in their store, they reward the customer either with some reward points or give them discount vouchers.
This not just benefits the store but also benefits the customer, as they can use those points or vouchers the next time they come to purchase items from that store.
These were a few essential ways that will help you in saving a lot of money. At the same time, by carefully following these tips, you can easily stretch your Christmas budget and be in a good position financially to start the new year.
Once you have prepared your budget, it is important that you plan your expenses to keep on track. Going off track can often mean costly bills for the new year and makes Christmas much costlier than it needs to be.