7 Money-Saving Tips for Holiday Shopping

December 2, 2014
1-800Accountant offers up 7 money-saving tips for holiday shopping.

1-800Accountant offers up 7 money-saving tips for holiday shopping.

The holiday shopping season is in full swing. While spending time with loved ones and giving back to the less fortunate are certainly more meaningful this time of year, it’s still nice to be generous by giving gifts to family and friends. To help you avoid breaking the bank, here are 7 money-saving tips for holiday shopping this year if you haven’t done much spending yet:

1. Set a holiday shopping budget.

An effective strategy on how to save money during the holidays is to set a personal spending budget for yourself. This isn’t the easiest thing to do, but it is very feasible and helpful when you take the time to sit down and write it out. Determine how many people you want to give something to this time of year. Then figure out what items or services you could give and how much they cost. Be reasonable, and come up with a strict number that you absolutely will not exceed. If you’ve set aside spending money from your paychecks throughout the year, this may be a good time to dip into some of that cash.

2. Look around your house.

Some of the coolest and most unique gifts could be sitting in your garage or closet. Take a close look around your residence to find any interesting items that you could give someone as a gift. This would immediately save you a trip to the store or a visit to a website to shop. Another option is to be creative by making something with the items you already have in your possession. Homemade crafts or paintings, for example, are always memorable holiday gifts that your loved ones wouldn’t be able to find on a shelf in a store.

3. Consider shopping online.

Holiday shopping can take lots of time driving from one store to another. Save on gas by hopping on your computer to do some online holiday shopping. There are countless websites out there selling everything under the sun. Many offer special shipping options this time of year to ensure you get what you need and when you need it via mail. Plus, it’s easy to compare prices at various retailers from the comfort of your own home.

4. Use price comparison tools.

There are lots of online price comparison tools out there. If you’re looking for a tank-top for your daughter, check out which retailers offer them, and compare prices to help you get the best deal. Of course, you could also compare online prices with those in brick-and-mortar retail outlets. You may not have much time by now to do all of this, but remember there are quick price comparison resources out there designed to assist in your money-saving efforts.

5. Go for the discounts and clip coupons.

If you get a newspaper, clip holiday shopping coupons. Check out Groupon and other coupon websites. Find out which retailers are offering discounts on their products during the holiday shopping season. You don’t have to look far to find deals that will save you a significant amount of money.

6. Inexpensive items can make great gifts.

The latest PlayStation, curved TV, or tablet aren’t always the cheapest gifts to purchase. You can make someone happy by giving them something inexpensive. After all, isn’t it the thought that counts? Consider cutting back on your holiday spending by simply buying things that won’t break your budget. These could be anything from clothing items to little charms to pre-owned DVDs or books.

7. Don’t just shop for the holidays if you can score some deals.

We all love saving money this time of year. But why not save even more by taking full advantage of any deals you come across? If you can save big on certain items, pick them up so that you won’t have to spend more on them when these deals are over. Shop for yourself, too. While holiday is a keyword in the phrase holiday shopping season, it shouldn’t restrict you to only purchasing gifts if you can save money during the process.

For more money-saving tips for holiday shopping, along with other ways on how to save money throughout the year, consider working with the accounting professionals at 1-800Accountant. Call 1-800-222-6868 or check out www.1-800Accountant.

Image credit: The image included in this blog post is used with permission via the Creative Commons license through Flickr.

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