Saving Money on Holiday Shopping

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The holiday season is now in gear, although maybe not high gear. According to the National Retail Federation, the average American will be spending about $830 on holiday shopping this year, up only 2% from last year. But there are ways you can stretch that gift dollar.

First advice? Make a budget. Decide how much to spend, divide it among the people you’re shopping for, and stick to it. And cross yourself off. The National Retail Federation says the average person spends close to a hundred bucks on themselves while holiday shopping.

Next, if you use a credit card that offers a cash-back reward, now could be a great time to cash in. And some cards offer double cash with select retailers, so a $20 reward could turn into a $40 gift certificate.

Use the internet to comparison shop. Even if you don’t buy online, you can use it to see if local merchants will compete with the prices you find.

Did you get gift cards last year that you haven’t used up? Maybe it’s time for you to turn them into a gift for somebody else.

And use imagination instead of cash. What kid wouldn’t like to receive a “get-out-of punishment free” card? Just remember, the holidays aren’t just about money.

Bottom line? The way to save money all year long is to do what Santa does… make a list, check it twice. Then use your imagination instead of your money.

Looking for more cheap gift ideas? Check out this article on Cheap but chic holiday gifts.

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