The holidays are upon us and that means more money will be spent! However, be careful not to go too far outside of your budget. Heartland Bank has compiled our favorite holiday savings hacks to help you keep more money in your pocket this season.
Avoid Extras
When buying food for the holidays or gifts for others, it can be really easy to treat yourself and get something too. Stop buying extra items, like that latte or new pair of shoes, and begin being a super saver. Make a list of what you need when you go shopping and stick to it! Work on self-control each week when going to work to be sure you aren’t stopping for coffee or going shopping during your lunch break.
Change Traditions
Instead of the tradition of giving everyone gifts in your family or being the one to make the entire meal, change it up! Start a secret Santa tradition, so you only have to buy one gift. Make your holiday meals more of a potluck, so others can bring food. This will save you from having to spend money on an entire meal for lots of people.
You can also use this tip for your activities too. Go sledding, bake cookies together or watch a movie at home while sipping hot chocolate. You’re still enjoying the holidays with friends and family, but not losing money on pricey activities.
Make a Shopping List (And Check It Twice)
Don’t be naughty and stray from your list. Making a list is more valuable than you think. Keep your eye on the prize of what you need exactly, so you aren’t walking aimlessly down the aisles filling your cart. From the moment you walk in the store, potential gifts pull at your senses and vie for your attention and dollars. Your list will help keep that in check!
Get Crafty
Instead of buying all your gifts, make one! Your little niece will love the tie blanket or quilt you made her. There are also tons of jar recipes that you can make for people of any age. You could create a hot chocolate mix, cake in a cup and so on. Here’s an example!
Use Technology
Time and time again, technology continues to impress us! There are so many budgeting apps and spending trackers out there to help you with your finances. It may take a month to get into the swing of things, but if you stick with it, your savings will be sure to skyrocket!
Happy Holidays! Enjoy them a little more by knowing you’re keeping cash in the bank. Now that you’re working on your finances, be sure to check out our accounts. They are the next step to financial success!