How to go about saving more on holidays

The great economic downturn may have left a strong impact on your spending habits. Americans have again started buying holiday gifts in the last few years. However, the recent buying trends project their habit of setting a budget for the New Year shopping
season.

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Tips to plan shopping during the festive season:

Don’t Indulge in Overspending

Before you set out on shopping, you must determine what you actually need to spend on. Credit cards ought to be used efficiently, lest you become a victim of overspending. Credit counseling agencies have been witnessing several instances of overspending ahead of the festive season. You must set a specific amount for shopping after analyzing your financial obligations carefully.

Gain Control over Income and Expenses

Cutting down more on your grocery or utility bills can actually keep you from spending unnecessarily. You may opt for a part-time job or save a certain amount out of your current family budget just to have enough funds for holiday shopping. Saving as low as $100 and curbing your family budget by $100 can create an extra provision of $200 to be used for shopping.

Check Out Discount Stores

You may consider visiting few of the discount stores in town for achieving quality products at lower rates. You’re likely to save much of your hard-earned money by not agreeing to pay the entire amount printed on your choicest products. You may even be able to save a few hundred dollars out of all great shopping deals that you find online.

Cash in on Your Reward Points

You may accumulate reward points while booking your movies tickets, booking a trip or shopping at retail outlets. However, it will depend on the nature of the card that you’re using. The Platinum Card® from American Express yields 5X membership reward points on an eligible flight or hotel booking. You may check out more of such benefits with Amex Travel.

Gift Memorable Experiences

Your partner will certainly find a joyous and romantic experience more enjoyable than that of a traditional gift item. She’s more likely to remember a fun-filled moment of togetherness for more years than that of cherishing any expensive gift. Alternatively, you may consider sharing a cozy twosome cooking experience with her to make it worth remembering. Checking a few hot delicacies at a remote corner of your local restaurant, going out on long drives, and enjoying your favorite movie are a few other options to consider.

List Your Shopping Priorities

Determining your shopping needs is truly important before you even step inside your favorite shopping mall. Instead of picking items aimlessly, you can actually save yourself the hassle of visiting various retail outlets and spending unnecessarily. The more you get tempted to add items to your shopping cart, the more you’re likely to go overboard during the holidays.

The Bottom Line

The holidays come with loads of new opportunities to spend much on your loved ones. You must determine the real purpose of shopping and set your budget accordingly. It will help you get past a hefty bill when you proceed to pay at the counter. Identifying things you actually wish to buy will help you compare sales offers pertaining to the right products. Your festive shopping could be a real success when you opt out of impulsive shopping.