Planning and Saving for the Holidays
Before you hit the shops and swipe your credit card, go in with a holiday spending game plan. The temptation is high to go overboard with holiday spending. Planning and budgeting for holiday spending now can save you money later, so consider starting your plan of attack today before you click "add to cart."
Strategize Your Gift List and Holiday Budget
Start by creating a thoughtful list of individuals you genuinely want to gift this year. Assign a specific dollar limit for each person, ensuring you stay within your budget. For example, if you plan to spend a maximum of $50 on a gift for mom, jot it down. This list will serve as your guiding light whether you're shopping in-store or online. Once your gift list is in place, shift your focus to how you intend to manage your holiday spending. While it's beneficial to work on your recipient list and budget simultaneously, prioritize crafting a budget that you are committed not to exceed. This strategic approach will prove invaluable during your shopping ventures.
Combat the Holiday "Fear of Missing Out"
If Black Friday was a disappointment bust, the urge to snatch the first "on-sale" premium item may be strong. Resist the temptation. If it's not a must-have item, consider delaying your purchase until the new year. Waiting will lead to savings.
Delve into Your Payment Options
When gearing up for your holiday shopping spree, think about your payment methods. Opting for a cash-back credit card, like the Visa Signature Empower card, allows you to earn rewards while checking off your gift list. Seize the opportunity to gain cashback on every purchase and make your shopping even more rewarding.
Alternative Gifts for the Whole Family
Amid supply shortages and scalpers, time may be running out to find the perfect gift. Explore alternative options, as many now value experiences over products. Consider investing in memorable experiences, such as visiting a dream destination or trying a renowned Ramen shop, prioritizing lasting memories over items that may end up collecting dust on a shelf.