Advertising
Advertising

Eight Simple Ways to Spend Less This Christmas

Eight Simple Ways to Spend Less This Christmas

Christmas, for all its wonders, can be a pretty expensive time of year. And with the economy continuing to act unpredictably, it’s also a time that many people can’t really afford right now.

The good news is that it is possible to enjoy Christmas without raiding your savings.

With a little bit of savvy shopping and a whole lot of discipline, it is possible to cut the cost of your Christmas shopping considerably. Here are eight ways to spend less this Christmas.

Price Comparison

Advertising

First off, don’t purchase a single thing until you have shopped around extensively. Price comparison websites can save you a hell of a lot of money provided you’re willing to take the time to use them. Regardless of whether you plan on shopping online or off, it pays to know your options.

Coupons

If you’re a fan of the frugal lifestyle, you’re probably already familiar with the benefits of coupons. But if not, it’s well worth taking up the hobby even if just for Christmas. To find out if there are any coupons available for a particular gift or shop, just take a few seconds to search online.

Social Media

Advertising

Another simple way to get discounted gifts is to follow your favorite retailers on Twitter and Facebook. Many retailers publish exclusive discounts on their Twitter feeds and Facebook pages. Signing up only takes a few seconds but it could save you some serious cash.

Ask for Discounts

When purchasing expensive gifts, don’t be afraid to ask for a discount. When shopping on the high street, simply ask the sales assistant. And when shopping online, look for a live chat feature. You might be surprised by how many retailers will happily give you a ten percent discount just to make a sale.

Discount Gift Cards

Advertising

Another simple way to spend less on gifts is to use discounted gift cards. It’s possible to purchase gift cards online for as much as thirty percent off their retail value. Find such a gift card for a store that you’re interested in purchasing from and you could wind up purchasing a hundred dollars’ worth of gifts for seventy bucks. To find out more, visit giftcardrescue.com.

Don’t Make Impulse Purchases

One of the easiest ways to overspend at Christmas time is to go shopping without a plan. Don’t wander around the high street picking out random gifts. Not only is doing so a needlessly expensive way to shop, it’s also likely to lead to sub-par gifts. Take the time to plan your purchases. It might help to make a list to help you plan ahead.

Agree on a Tight Budget

Advertising

Most people are a little short on money right now. Because of this, your friends and family are likely to be interested in ways to spend less on gifts too. Make agreements with people to keep all gifts below a certain price. Or consider adopting the secret Santa strategy where everyone in a group only purchases a single present for a single person.

Shop Exclusively for Others

Finally, spend enough time shopping for others and it’s very difficult not to spot something that you’d like to purchase for yourself. Unfortunately, if you’re on a tight budget, such a purchase probably isn’t very wise. Decide early on that you’re not going to purchase any presents for yourself. It’s also worth noting that anything you spot is likely to be cheaper come January anyway.

Caroline Sutton, the writer of this article is a loving mother of two. She is an avid blogger and has a blogging site named Best deals by Caroline, where she loves blogging about shopping, interiors, and food.

Featured photo credit:  a shopping cart full of christmas stuff via Shutterstock

More by this author

Have You Ever Wished Your Kids Will Beg To Do Their Chores? How to Plan Your Life Goals and Actually Achieve Them in 7 Simple Steps 20 Things People Regret the Most Before They Die Overcoming The Pain Of A Breakup: 3 Suggestions Based On Science Quit Your Job If You Don’t Like It, No Matter What

Trending in Money

1 How to Develop a Millionaire Mindset in 6 Simple Steps 2 How to Eat Healthy on a Budget (The Definitive Guide) 3 9 Millionaire Success Habits That Will Inspire Your Life 4 Top 5 Spending Tracker Apps to Manage Your Budget Smart in 2020 5 How to Set Financial Goals and Actually Meet Them

Read Next

Advertising
Advertising
Advertising

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!

Advertising

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?

Advertising

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.

Advertising

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

Advertising

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.

More About Thinking Smart

Featured photo credit: Austin Distel via unsplash.com

Read Next