Santa’s Got His List – Now Let’s Work on Yours!
Five Tips for Holiday Spending Savings
As the holidays inch closer and closer, the kids in your life are excitedly flipping through those holiday gift guides that “magically” appear in our mailboxes this time of year. As they circle their favorite toys and gadgets on every single page, it can seem overwhelming as to how you’ll keep your festive gift-giving within your budget. So, while the kids make their lists without thinking twice, here are five tips to making sure holiday spending doesn’t grow out of control — like that forgotten sourdough starter on your kitchen counter that one time.
1. Stick to a Budget with a Holiday Savings Account
It’s easy to get caught up in the spirit of giving, but setting a spending limit can make the holidays far more enjoyable. When you build your budget, take stock of who you plan to get gifts for and how much you’re comfortable spending on them, all the gatherings, and travel, then break it down by category. Don’t forget to include all the little extras like decorations, holiday cards, and last-minute stocking stuffers.
You can also use this year’s budget to get a head start for next year! By seeing how much you spend, you can break down the cost and start saving for next year. With a PenAir Credit Union Christmas Club Account, you can contribute a small amount each month and be ready for the next holiday season.
2. Use Your PenAir Rewards Credit Card for Smart Spending and Rewards
This holiday season, consider using a PenAir Rewards Mastercard® Credit Card for your purchases. Earn reward points with each tap, swipe, or online purchase, and get a little something back every time you spend. Reward points can add up quickly, and by the end of the season, you could just have a nice stash of points you can redeem on travel, cash back, or even gift cards – and a nice treat for yourself after the busy season!
3. Shop Early and Avoid the Last-Minute Rush
The holiday gift guides arriving at your door are more than just fun for the kids—they’re a perfect tool for planning. As you browse through the catalogs with your little ones, you can create a list of potential gifts, allowing you to watch for deals and make purchases gradually instead of all at once. Shopping early can help you avoid the holiday rush, sidestep price hikes, and avoid express shipping fees, which can add up fast. Plus, if you’re using your PenAir Rewards Credit Card, those points will accumulate with each purchase!
4. Save Your Receipts and Save With Holiday Price Match!
When making holiday purchases, take note of which retailers offer a “holiday price match guarantee” and match the cost of an item purchased with the new lower price. Dates and policies can vary from company to company so it’s important to review any exclusions before attempting to make a claim.
5. Remember the Reason for the Season
If your budget feels tight, remember that the holidays are about connection. Consider creating memorable experiences instead of spending heavily on gifts. Family movie nights, baking cookies, or going on a holiday lights tour can be meaningful ways to create joy and memories. It’s also a great time to share moments of generosity for the community with your family. Look for local non-profits with volunteer opportunities and give your time to others in need.
With the right approach, you can make your list, check it twice—all while keeping your finances merry and bright! By using these tips, you can spend more time enjoying the holidays and less on buyer’s remorse. So, as you flip through those holiday catalogs with the littles, remember that PenAir Credit Union is here for you as you make your holidays happy.