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.