The holidays are the most wonderful time of the year, but they can also be one of the most expensive. Using a few savings strategies, can help you prepare for all the merriment ahead.

Save during the Holidays

Create a budget

Make a list of family, friends and coworkers you want to buy a gift for and create a spending limit for each. Track your purchases and try to stick to the budget you set!

Shop the sales

Sales to try and spur economic activity are already taking place. Research a few retailers before you make your final purchase to see where you can get the best price.

Make a homemade gift

It isn’t the money spent, but the thought that goes into the present that matters. Consider using your talents and skills to create the perfect gift for some of the special people in your life. Baking a favorite dessert or making a gift from scratch can be other sentimental holiday gestures.

Wait to buy décor

While it is tempting to buy all the new holiday décor when it first comes on the shelves, these items are deeply discounted immediately following the holidays. Make a list of what you like and wait until the sales begin to purchase.

With a few simple tips and tricks, you can save a little bit and still enjoy all the wonders of the holiday season. Start your holiday shopping as early as you can and remember to spread some cheer while shopping.

This content is informational only and does not constitute financial, legal or tax advice. It is best to consult your own advisor who knows your specific situation and can advise you accordingly.


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