How To Save Money During The December Holidays


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The December holidays can end up being the best or the worst time of the year for you. With all the activities that happen during this time with family and friends, it can be a little difficult to keep track of your spending. So how can you save money and make sure you start the new year on a high note? Here are some tips on how to go about that.

 

Have a budget

It may seem like a drag, but having a budget and sticking to it will save you lots of money during the December holidays. In addition, knowing what you want to spend on and how much it will be will help you to avoid any unnecessary expenses that crop up.

How To Save Money During The December Holidays

 

Say no to sudden plans

The December holidays are for enjoyment, and the parte after parte never stops. However, you should always have a checklist of where you want to go and avoid any other sudden plans. THis way you’ll have an idea of the costs involved and ways to save money while having fun.

 

Always carry cash

Swiping your card or using M-PESA to pay for things feels amazing, doesn’t it? The problem with this is that it is easy to overspend because you can’t see the money disappearing. Carrying exact cash for what you need means that you’ll stop when the money’s over.

How To Save Money During The December Holidays

 

Be careful of holiday sales

It can seem like there’s a sale everyday during the December holidays as stores try to get rid of old stock as quickly as possible. If you haven’t planned to buy something, don’t be tempted by the flashy red FOR SALE signs. Instead, save that money for something you actually need.

 

Get creative with gifting

Many people give out money during the December holidays because it’s the easier option. However, it pays to think of other gift ideas when you want to save money. Why not DIY a homemade gift basket filled with small trinkets the other person is sure to enjoy?

 

Featured Image Courtesy: Money Inc

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