Ways to save money during seasonal holidays
Saving money during festive seasons doesn’t necessarily mean that you will miss out on all the fun things that you love to do. It simply means being in control of your expenditure. You work so hard and you serve a little indulgence. You can still enjoy seasonal holidays while still making wise financial decisions.
So, what are some of the ways you can save money during the festivities? Here are a few:
Take advantage of discounts available – Businesses are always offering discounts at certain times of the year. You can take full advantage of discount offerings such as Black Friday deals to make purchases ahead. Get the best deals with I&M Bank partnering merchants here https://bit.ly/3EtUJIF. Another way around this is to utilize promotional discounts, coupons and reward points accrued over the year to pay for items or services. A penny saved is a penny earned – Benjamin Franklin
Plan your budget – Make a shopping list of items that you will need and stick to it. This will help you avoid impulse purchases that may hurt your wallet. Setting a budget will help you set a spending limit as well. You can also save by setting money aside every month towards your goal.
Make purchases in advance - Say, for instance, you are planning to travel during the Christmas holiday - You will save quite a significant amount of money by booking your tickets and vacation in advance. If you are planning to buy presents for your friends and loved ones, you can also buy them in advance before the prices hike as they do during festive seasons.
Start a side hustle or business that will generate more income for you. You can sell seasonal products and services such as Personalized cards, home décor items, etc. Seasonal sales are a great way to get that extra money that you can spend during the festivities.
We hope that you will enjoy the festive season and that the tips will help you make better financial decisions. We wish you a merry Christmas and a happy new year!
We are on your side!
