5 ways to save money this holiday season

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Christmas is upon us, which also means that it is the season of spending. From gifts to décor, it is easy to not notice that we are spending more than what we should. In a research published by Gallup, experts estimate that Americans will spend $942 on average for gifts alone.  With that, in this article, we’ll share some tips on how you can save money without killing the joy of the holiday season.


  1. Make Your Gifts

It is hard to resist gift giving pressure. If you cannot give in, the best thing you can do is to be smarter about the gifts you will be giving. If that’s the case, choose the DIY route. This way, you can save a lot while making the gift more special. Recipients will appreciate the fact that you exerted effort and time to make the present yourself. It can be time-consuming, so it is best to start as early as possible.


  1. Be Creative with Your Décor

While it is convenient to head to the mall and buy every décor you will need to add a festive vibe to your home, this is expensive. From garlands to wreaths, even the ornaments that you will hang in your Christmas tree, the cost can pile up. Before you know it, you are already going above your budget. To prevent this from happening, be creative in your décor. Like with your gifts, you can also make your décor. Online, you will find tons of tutorials that will make things a lot easier for you.


  1. Embrace Potluck

Hosting a dinner with family and friends? Even if you are the one organizing the gathering, this does not mean that you should be the only one spending. You can make the main dishes but let everyone know that you expect them to bring drinks, appetizers, or desserts. This way, you can also be spared from the headache of having to prepare everything for the party.


  1. Get an App

To save money during the holidays, download a mobile app that will help to track down every expense you are making. You will know where your money is going, making it easier to make smarter decisions. Some apps will allow you to set your budget and you will receive a notification once you reached such.


  1. Spend Christmas at Home

It can be tempting to plan a trip with the family or go to a fancy restaurant to celebrate Christmas. However, these will incur additional expenses that can be too much for most people. Find ways to make Christmas special even at home. Prepare an intimate dinner with the family. Involve the kids in the preparations. Do something meaningful with the little ones.


You can enjoy Christmas without spending too much. From making gifts on your own to spending Christmas at the comfort of your home, take note of our suggestions above to cut your expenses this holiday season!


The post 5 ways to save money this holiday season appeared first on MoneyMagpie.

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