Though some of us are still running around in shorts and flip flops, before we know it, the holidays are going to be here! Soon that mad scramble of shopping, decorating, baking, and spreading holiday cheer will be taking over our lives. But, along with all the fun and excitement of the holiday season comes a lot of spending. This is also the time of year that we often feel the most financial strain, wondering how to save money for the holidays without breaking our budget.
Figuring out how to save for the holidays when your budget is already tight can be a real challenge. When you find yourself living from paycheck to paycheck, setting aside a large amount of money with each pay cycle isn’t always feasible. However, there are some tricks that can help you maximize your money around the holiday season, especially if you live in Canada.
How to Save Money for the Holidays
Start setting aside extra a few months ahead of time. Even if you can only manage to save a few dollars each week, that can add up, especially if you are using a savings account.
Set a specific budget for the holiday season and stick to it closely. While the sales and special offers of the season can be tempting, stay strong and resist the call of the shopping mall. Your wallet will thank you later.
Be thoughtful in your gift selection. Be sure not to choose gifts just because they’re a great price. More isn’t always better, especially when you’ve given a gift that isn’t a good match for the recipient.
Compare prices across a number of different stores and use price matching whenever possible. Also, add a browser extension that will find coupon codes or alert you to a lower price on another retailer. These simple installations may only save a few dollars at a time, but that can add up quickly over the holiday season.
Save Money for the Holidays with Cashco Financial
For those in Canada, Cashco Financial offers a unique savings account, just for moms who are looking to stash away a nest egg or save up for the holiday season. The Mom’s Match Savings Account was created just for moms who might be struggling to save money and it allows you to earn up to $120 per year! This account has no monthly fees, no application fee, and rewards you for every $10 you save, up to $120 each year. It’s as simple as that!
Cashco offers a wide range of financial services, from savings accounts to flex loans, that can help those who are in need of cash for an emergency, those who have been turned down for accounts by traditional banks, or those who need to consolidate bills and obligations into a single payment. Check out the Cashco website or stop by a branch to see what they have to offer and how they can help you save money for the holidays.
With credit so easy to get, why would anyone want to save money and buy with cash? If you want something, you pull out the plastic and then pay it back with payments over who knows for how long. If you can afford the monthly payments, everyone does that; what’s the big deal? The unfortunate thing is that this sort of thinking is making sense to tip
I need to watch out on the gifts part since I was fall for it and end up regretting later on.
I will look into this for sure. I always love to save money, especially during the holidays when things can get super expensive.
This is pretty cool. I will share it with my wife.
After spending so many years in debt I always avoid loans. I like saving for Christmas or making handmade gifts instead 🙂
Perfect timing lol We spend soooo much on holidays that we definitely need to prepare way before the day is here. I’ve haven’t started with the gift list, but I know that would be long and my pocket need to be ready hahah Thanks for sharing!
XO
Candace
http://www.thebeautybeau.com
This sounds awesome! I always have issues saving around the holidays.
For me, the easiest way is to save a little bit every month. Having a list of things I would like to get also helps me so I don’t overbuy.
Holidays are almost around the corner, which means we really have to start saving money to be able to buy presents for our loved ones. What a timely and relevant article to read.
What a great resource! Saving money during the holidays is so difficult to do (the presents! the indulgences! the travel). Any little bit helps!
I really wish something like this was true. We spend so much money on holidays, especially on foreign trips, ahh, its like bleeding money. I will surely try the tips spelt out by you. Any idea whether CashCo is available everywhere?
Some great tips. Here that I’ve put into practice for our holidays. A few months ago I set aside a certain amount each month in order to be well prepared.
This is something so many people should work hard at before the holidays!
Sadly I’m not in Canada but I think I will set up a holiday savings account. It will be great to see the pounds growing and have something to look forward to.
This is a great way to do the holiday shopping.
Thanks for sharing. People definitely need to know how to save money during the holidays because it does by so fast.
Great tips am not familiar with Cashco but thanks for the 411
Ooooh I need these tips. I love to travel and keep looking ways to save for travels.
You have shared some great portals with us. I will check them out.
Money saving tips are always helpful. Thanks for sharing.
Great tips here, thanks so much for putting this together with some clarity on how others might enjoy this as well!
These are some great tips. I am terrible when it comes to the Christmas holiday. One thing that I do not do is use credit cards. I do not buy/order anything that I cannot immediately pay for.