If you get carried away with spending this holiday season, you’ll go into the New Year broke, busted and downright disgusted. Good financial planning is key when you want to stay in control of your seasonal spending. Rack up on holiday savings with these tips.
- Instead of having an open bar with several different types of liquor at your holiday gatherings, serve one signature drink.
- Spruce up old decorations instead of buying new ones.
- Send your friends and family e-cards instead of spending money on traditional cards.
- Reconsider buying gifts for coworkers and friends. Instead, give them home-baked goodies or cards.
- Search online to see if you can find gifts cheaper.
- Get together with the family and pull names out of a bowl. Every family member will be responsible for buying a gift for only one person.
If you get caught up in the seasonal hype, you’ll spend every dime you have. The above tips will help you reign in your spending so you don’t end up penniless during the holidays.
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