How to Save Money over the Holidays

The holiday season is filled with joy—and loads of shopping traps. Here’s how to navigate these pitfalls and keep your finances intact:

1. Recognize Limited-Time Offers

Retailers use phrases like “Only for 24 hours!” to create urgency and pressure you into impulse buying. Pause before making a purchase and ask yourself if it’s truly needed or just a result of marketing tactics.

2. Stick to a List

Impulse purchases add up fast. Create a holiday shopping list and commit to sticking to it. This approach ensures your spending aligns with your budget.

3. Beware of Buy-Now-Pay-Later Plans

These plans make purchases seem more affordable than they are. While they can be useful, they often lead to overspending and financial stress once payments begin.

4. Unsubscribe from Retail Emails

Constant promotions can make even the strongest resolve falter. Unsubscribe from emails and turn off notifications to reduce temptation.

5. Shop with Cash or Debit

Using cash or a debit card can keep spending under control. This method prevents racking up credit card debt that you’ll face after the holidays, only spend money you actually have!

6. Use Price Tracking Tools

Utilize tools that alert you to price drops, so you don’t fall for marketing tricks disguised as deals.

Staying aware of these traps will help you enjoy the holidays without the post-season financial regrets, whiplash or hangovers.