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6 Hacks for Saving Money This Christmas

6 Hacks for Saving Money This Christmas

Christmas is coming soon and hopefully, you’ve planned ahead and saved some money. It’s such a great time of year because the family gets together, but it’s expensive at the same time. In all honesty, you might not be spending a lot per gift but with 10 people to shop for it can get heavy on your wallet. I believe if you know how and where to save money when shopping, you can cut down your bill enormously. Over the years, I’ve compiled a list of money-saving hacks which I use each time the Christmas season comes around. With my family growing it’s important I start saving money right away so I can afford presents. Even if I don’t save as much as I’d like to, however, I can still reduce my spending with these awesome hacks.

I’ve also done some research looking for other great money-saving hacks online. So with my own ideas and more from the internet, here’s what we’ll be discussing today –

  • Plan for Affordability
  • Cashback or Card Benefits
  • Amazon Hidden Discounts
  • Look Around the House
  • Shop Abroad (not a joke)
  • Give to Charity

Let’s jump right in, and if you have some additional tips, please mention them in the comment box.

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1. Plan for Affordability

One of the biggest mistakes we make while shopping is getting caught up in emotions. This means we end up purchasing items we can rarely afford. This doesn’t always have to be the case. Ask yourself this question – Does an expensive gift really show how much I care? We often want to buy expensive gifts because of the sentimentality of the holidays, but then we’re scrambling to find ways to pay the bills.

Just remember you don’t need an expensive gift to show someone how much you care, especially when you’ve been showing them all year long. Like Paris Lees said, if someone doesn’t understand that you don’t have the cash to buy them a gift, they don’t deserve one. Next time, buy a gift that you can afford because you’re thinking about them, not because you want to impress. If you are out to impress you may find yourself in a difficult situation afterward.

2. Cashback or Card Benefits

When cash is tight there are lots of options out there to give you a helping hand. For example, if you really need money you can always apply for a loan or credit card. I would avoid loans because of the higher interest rates, but credit cards aren’t a bad alternative especially with cashback options being available through many. For example, American Express is currently running the shop small program aimed at helping local and small businesses. The program is a great money saver because they’ll give you $10 back when you spend $20 or more at a small or local business. If you can join such a program and find local shops to purchase presents from for Christmas, you’ll be able to save a nice amount of money.

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3. Amazon Hidden Discounts

Many online shopping sites have tricks up their sleeves to pull customers away from street shops. For example, Amazon runs lightening deals to entice people into buying heavily discounted products. It’s worth keeping an eye on these during the lead up to Christmas. You never know what you might see. Plus, Amazon’s shipping is pretty good so you don’t have to worry about getting your items in time for Christmas.

4. Look Around the House

This might sound kind of flaky but I have so many gifts laying around in my house I haven’t used. Some are home electronics, beauty items, baby gear, and clothing. Be selective if you decide to give these away because you want to make sure they are still in style and can be used. You needn’t tell the receiver that it’s an unwanted gift from someone else if it’s something they will enjoy, who cares!

5. eBay

Most people think of eBay and think it’s full of second-hand items, it’s actually not! It’s full of brand new items as well at, more often than not, cheaper prices than you would find in a store. Just make sure when you’re searching that you filter search results to be new items only. The website bidvoy is really handy for checking the price an item typical sells for on eBay, so you can quickly compare prices to stores to see how much you could save.

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Apart from the savings you can get on eBay, another great feature is that your purchases are protected. So if an item you ordered doesn’t turn up or it’s not as described, you can easily get a refund for it.

6. Brand Discount Stores

If you want to get a particular brand item for someone, instead of going direct to the brands’ store or website, try going to an outlet or store that sells multiple brands all under one roof. These places are typically cheaper and often carry last years stock or items that are selling a bit slower. That doesn’t mean the receiver won’t love them though, so give it a go!

The most important thing to remember at Christmas is that it’s a time to be with loved ones and enjoy each others company. Presents are great but don’t let them dominate the holiday.

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Featured photo credit: cdn.history via cdn.history.com

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Last Updated on January 21, 2020

How to Develop a Millionaire Mindset in 6 Simple Steps

How to Develop a Millionaire Mindset in 6 Simple Steps

We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

How do you go about developing that millionaire mindset? By following these simple steps:

1. Focus On What You Want – And Take It!

So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

Millionaires play to win, not to avoid defeat.

This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

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2. Become Goal-Orientated

It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

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If you are to become a millionaire, you need to start accumulating money.

Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

3. Don’t Spend Your Money – Invest It

The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

Stop working for your money and make your money work for you.

Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

There’s not just the stock market — there’s also property, and your own education.

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4. Never Stop Learning

The best thing you can invest in is yourself.

Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

Learn everything you can about how economics works, how the stocks markets work, how they trend.

Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

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5. Think Big

While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

Aim for the stars, if you fail you’ll still be over the moon.

6. Enjoy the Attention

To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

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Featured photo credit: Austin Distel via unsplash.com

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