Need tips on how to save for Christmas? Find out how you can start saving money now to have at least $500 in your holiday budget!
Every year, we look forward to the hustle and bustle of the holiday season. Parties with our loved ones. Gifts that make our children’s eyes light up. The lights, caroling, and mistletoe. What we don’t look forward to, especially as parents, is the money we spend on Christmas! It can get costly quick without a budget, or a set spending amount.
Thankfully, we are still four months from Christmas, and you can start saving now in order to finance the joyful holiday! The tips below will not only tech you how to save for Christmas, but will allow you to have at least $500 in your holiday budget when the time comes.
How to Save for Christmas – Starting Right Now!
1. Start a side hustle. Yep, you heard me. It’s time to work it! If you already have a full time job, consider part-time work you can do in the evenings. This could include a small retail job or restaurant. It can also be odd jobs you do after work or on the weekends, such as moving lawns, small home repairs, or car detailing.
2. Sell unwanted items. Before the holiday hits and new gifts fill up your home, it’s a good idea to get to decluttering your closets, toy boxes, and other areas now. Sell the items you no longer want or need to fund your Christmas budget. Try selling in local Facebook groups, or on eBay if the item could warrant a higher price (and the hassle of packaging and shipping.
3. Become a virtual assistant. While starting a blog as a way to save money for Christmas would be far-fetched goal at this point in the year, there are other ways you can work from home to make money. Becoming a virtual assistant for bloggers and website owners can give you the cushion you need when the holiday rolls around. Offer services that bloggers need as they approach the busy season, including creating blog posts, editing photos, scheduling social media posts, and answering emails.
4. Start shopping now. While this isn’t a direct tip on how to save for Christmas as it relates to building up your holiday fund, it’s not a piece of advice that should be overlooked. Sales and discounts can be found all year round – in fact, some may be better now than if you wait until closer to Christmas.
Buying a little here and there, when good deals arise, can lighten the burden of having a large debt for the holidays once they arrive.
BONUS TIP! Use websites like Ebates or mobile apps like iBotta to earn cash back on your purchases. This is essentially free money you can put back into your Christmas fund – or use it for bills and other everyday purchases.
5. Take a hard look at your budget. Look for any areas in which you can cut back on spending, at least until the end of the year. You can probably forego the Starbucks three days a week, or reduce the times you and your family eat out. Move this saved money to your Christmas fund rather than continuing to do any unnecessary spending.
6. Save that change! From now and until Christmas, empty the change in your pockets every day into a jar specifically for the holiday. You will be surprised at how quickly a few coins a day can add up by the time Christmas gets here.
To increase Christmas budget even more, never pay with coins – only dollars. Then, you will always have some change to add to your jar.
Hopefully these tips teach you how to save for Christmas. No one wants to charge the entire holiday and have to deal with the debt in the New Year. Start now, saving a little here and there to have at least $500 ready for gifts, food, décor, activities, and whatever else your family desires!