The season of giving also means the season of spending. Lessen your stress and avoid increasing your debt by creating and sticking to a budget.
Plan ahead: First, write down everyone you’d like to buy for and decide how much you’d like to spend on each. Or, work backwards. Set a total amount for your holiday budget and divide it equally among the people on your list. If you need a place to track the items you want to buy, you can add them to your Purchasing Power Wishlist at any time.
Create a holiday savings account: Now that you know how much money you need, determine what you’ll set aside from each paycheck and put it in a special holiday savings account. Doing this in installments will make it easier overall on your wallet.
Shop sales: You don’t have to wait until Black Friday to get great deals. Most retailers will be “clearing the shelves” earlier in the season, which means you can find deep discounts on the items you’ve wanted. Shopping early also means that you won’t be pressured to buy gifts last minute at higher prices. Check out our clearance section for everyday savings options.
Stay on track: Things change, so it’s important to keep your budget top of mind. Review it every week to make sure you’re not going over, or to make cuts when necessary.
Happier holidays await—with Purchasing Power by your side
With these four tips, you’ll have the tools you need to make the holidays great for friends and family and easy on your finances.
