If you have been out to your local mall lately, you already know that retailers have started the holiday madness. It is barely Halloween, and many stores have Christmas items on display. If you think you should start shopping now, think again. Sometimes waiting is the better choice to save money on the holiday gifts you want to buy.
You can start planning for holiday shopping now by making a list of what gifts you are thinking about purchasing. To avoid overspending, also figure out what amount of money you can set aside for holiday shopping. Stick to your budget by careful planning, doing price comparison and saving money now.
To avoid maxing out your credit cards and suffering in January, make a pledge to yourself to only spend what you can afford. Do not be tempted to shop early because often retailers put out holiday items early but at a price that is more than it will be closer to the holidays.
Shopping online can save money depending on what kind of item it is. Remember if you are hoping to get the trendiest and hottest toys of the year, use a site such as Amazon which does price comparison and is also a great way of not having to drive from store to store. Knowing what your child has to have now, instead of late November can help you in getting the item at a good price.
For items that are not in demand, consider doing layaway. You put down a small amount of money and pay weekly or bi-weekly until your balance is paid off. This is a great way to purchase clothing items like holiday pajamas and slippers. Some stores will even do a price adjustment if the item goes on sale while it is on layaway.
Start cutting back on your luxury items like your pricey morning coffee and bring your own to save money. Cutting out on eating out will also give you more money to spend on holiday shopping. Maybe now is also the time to cut back on your premium cable package. During the holiday season there isn’t much time to sit home and watch movies. This can be a significant saving and add more money to your pocket.
You can save money so you can avoid using your credit cards this holiday season. Make a list and a budget and stick to it. If you are organized you can help reduce the stress of holiday shopping and not increase your credit card debt at the same time.
For price comparisons and layaway ideas, check out the websites in the resources section.