Prepare for holiday spending without breaking the bank

Consultants ready for fall in sweaters

We all know the old adage that it’s better to give than to receive, but sometimes our desire to find the perfect gift for everyone on our list is outweighed by the reality of our finances. Sometimes, it’s not always realistic to give as much as we might like to, especially because people’s situations are different around the holiday period. For example, there are some people out there without access to a bank or savings account, this can make the holidays extremely difficult for them. There could be a number of reasons for this, but one of the main ones seems to be that they are without a social security number. This identification number is usually given to workers and residents of America, however, there are some people without them. This can make the holiday season extremely stressful for them. They could always consider applying for credit Cards without SSN to make it easier to purchase presents for their loved ones, or they could just consider limiting their spending on gifts.

Whatever the financial situation, people shouldn’t feel pressured to purchase lots for their family and friends. Why not carry on reading to see if any of these tips help you prepare for the holidays?

Feeling the pinch as the holidays get closer?

Here are 6 ideas to help you prepare for holiday expenses, so gift giving can be a joy instead of a burden:

    1. Start by making a budget. Examine what bills and other expenses need to be paid, and which items you can do without until after the new year. Making your budget is also an excellent opportunity to identify areas where you could save money. For instance, you might realize that you are paying too much for your electricity, and therefore it might be time to switch power providers to a competitive provider such as Cirro Energy for example. For more information about switching energy providers, check out the Home Energy Club website.
    2. Sell items online. Make a little extra cash by unloading your unused, salable items on places like eBay or Facebook Marketplace. (Items not selling? Consider donating your goods to a local resale shop that benefits a charitable organization. While this doesn’t get you a quick return, everyone loves a tax write-off!)

Photo of consultant planning and using phone

    1. Plan ahead. It may be too late this year, but consider spreading out your shopping so all the expenses don’t hit you at once. If you pick things up throughout the months (or even the year) leading up to Christmas, the cost won’t be as overwhelming.
    2. Consider a Secret Santa approach. Whether it’s with your circle or friends or even your extended family, this is a great money-saving option. Draw names out of a hat (or a stocking!) and put all your effort into finding that one perfect gift. Trying to guess everyone’s Secret Santa also makes for a fun game!
    3. Think DIY. Who doesn’t love a handmade gift? A little personalization can go a long way – and making things yourself can stretch those dollars.

Photo of person crafting

  1. Start a side business you love. Instead of picking up seasonal work or walking dogs to make ends meet, consider an opportunity like Scentsy that lets you work your business when and how you want, all year round. Being a Scentsy Consultant not only helps you pay for extra expenses, it also allows you to spend more time with loved ones during the holidays.* If you’re wanting to try other ways to increase your income as well as the time you could possibly spend with your loved ones, you might be interested in reading guides to build your disposable income for the future, no matter your reasons for doing so!

Photo of consultant with her daughter
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Have helpful tips for holiday spending? Share them with us in the comments.

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