3 Money-Saving Tips for Early Holiday Planning

Holiday ShoppingIt’s never too early to get ready for the holidays. As much fun as it is to put together gift lists and party plans, it can also be overwhelming. This is why planning ahead is not only smart, it also saves you a lot of money.

Beat the holiday rush by being ahead of everyone else. Here are three tips for stress-free holiday planning.

Invest in high-quality decor

If you haven’t yet, the best time to do this is now. The holidays come each year, and even if you think you don’t really spend a lot on home decor, not investing in pieces that you can re-use each year is just throwing money down the drain. Getting commercial Christmas lights that practically never break is one purchase that will save you a lot of money in the long run. There are a lot of flimsy lights that are being sold in the market and you don’t want to waste money on them while also posing a fire hazard to your home.

Don’t buy gifts in bulk close to the holidays

One of the biggest expenses associated with the holidays is gifts. Buying gifts a few weeks before the holidays is a quick way to burn through money. Prices are marked up to anticipate the higher demand. Many people suggest keeping money in a holiday gift fund. That’s a nice idea but it also disregards the fact that everything is much more expensive over the holidays.

This is the solution: Get gifts during sales throughout the year then keep those items in your gift cabinet. This is a great way to save money and make sure that you don’t run out of gifts. Black Friday, Cyber Monday, Post-Holiday sales – take advantage of them all.

Stay organized

It’s easy to go crazy over all things holidays. Decor, food, gifts, and parties are things that are very easy to over-spend on. Make sure you set aside a budget for all your expenses and don’t go over that. Keep a tab on all your spending so you can adjust accordingly. You wouldn’t want to be put in a position where you need to penny pinch in other important areas just to have a fun holiday season.

So, there you have it. Saving money for the holidays is a life skill that you will continue to benefit from for years to come.