Money Mechanics Blog

When it comes to holiday shopping, it’s easy to over-spend! Try to avoid regretting it in January with these five budget tips to help you though the holiday season.

Set a Budget and Stick to It

It’s easy to just tap your credit card and buy gifts for everyone on your list, but do you really know how much you’re spending on each person? Before you start buying, sit down and make a budget for how much you’re going to spend this year on gifts. Set a budget for each person on your list and stick to it! When you hit the budget, stop spending. It’s easy to say “just one more thing!” when it comes to kids, and even adults, but that can quickly throw your budget out of whack.

Avoid Impulse Buys

Make a list of what you’d like to buy before you head to the store or pull up their website. Just because something is on sale does not mean you have to buy it! Grabbing things on your way to checkout is a great way to ruin your hard work of budgeting for the holidays. Those great Black Friday deals may not have been that great if they messed up your budget.

Shop Around Before Buying

If you’re looking for something specific, shop around before you click add to cart. You may find that thing cheaper somewhere else, or have a coupon code to make up for the difference. If you start shopping early, you have extra time to hunt for a bargain – and that makes a big difference in your holiday spending budget!

Get Crafty

If your budget turns out to be tighter than expected, consider homemade or handmade gifts instead of things you buy at a store. The possibilities are endless – from ornaments, to baked goods, or even just a framed family photo can all make perfect gifts for loved ones. Homemade gifts are always appreciated, and the best part is they are easy on your budget.

Use Holiday Skip-a-Pay

Did you know you can apply to skip your December loan payment at Allegius? With our Holiday Skip-a-Pay, you can save your loan payment to add to your holiday budget! Learn more, and apply today at: https://www.allegius.org/applications/holiday-skip-a-pay-form.html

However you choose to tackle your holiday spending, Allegius has your back. Here’s to a great December!