Personal Finance

Wanna avoid holiday financial stress? Here are the 13 easy ways to it

The holiday season is that time of the year when people want to have fun and create some memorable moments in their life. But this season can be quite stressful if you don’t have the perfect plan for buying Christmas gifts, foods and accessories. The excitement of holiday shopping can burn a big hole in your wallet and may cause you a lot of stress in 2018.

I’m 100% sure that you wouldn’t want that.

It might not be possible to remove all of your money worries during the holiday season, but there are a few ways to alleviate some of them. Let’s talk about a few of them today.

13 Easy ways to beat the holiday financial blues

    1. Shop early in the morning when the stores have just opened to avoid the mad crowd caught in the shopping frenzy.
    2. Create a shopping list. Pick a day to complete your shopping. Be organized since this will help you to find everything you need.
    3. Try to do your Christmas shopping between December 16-18. This is the best time to buy your gifts. You can check out the discounts and grab the best deals.
    4. Use coupons and promo codes because they can help you get biggest discounts on big brands.
    5. Set a challenge with your friends. The name of the challenge is – “Who can get the biggest discount on the items you need?”
    6. Give DIY gifts since you can make them at home easily and they don’t eat up your savings also.
    7. Create a holiday budget for buying your Christmas gifts.
    8. Go back to home since a trip to a hill station involves a lot more expenses like expensive air travel with peak-season rates. Plus, there are hotel-bookings and long-road trip expenses. Book your air tickets little early so that you can get big discounts.
    9. Have realistic expectations. Know your financial limits. Don’t overspend and create more stress.
    10. Have a discussion with your family about your financial situation if you’re cash-strapped. Request them to cooperate with you financially.
    11. Organize a potluck party in your home to reduce both physical and financial stress. Ask everyone to bring one meal. You can relax and just focus on the Christmas decor. Others will do the hard work for you. On the financial front, you can save a lot of money on grocery shopping.
    12. Ask your family members to stop spending money on gift-giving. Spend quality time with your family instead.
    13. Look for budget-friendly gifts that will definitely win the hearts of your loved ones.

Few budget-friendly gifts

    • A good book
    • Candles
    • Hats
    • Gift cards
    • Jewelry box
    • Phone accessories

Conclusion

Let your freak flag fly in this year. Spend as per your affordability to avoid debts after the holiday season is over. If your budget is $200, then break it down into each category carefully. Make sure you don’t spend more than the allocated amount for a specific category. The more organized you’re, the more likely you’ll be on a better financial footing in the first 2 months of the New Year.