4 Simple Tips to Save Cash When Christmas Shopping

christmas presentDid you know that most people spend around $500 each year on Christmas gifts? That’s just on gifts alone. It doesn’t take into account all of the extra shopping you need to do during the festive period.

Make no mistake about it, Christmas isn’t cheap, and if you’re not careful then you could end up putting yourself in a bad financial position by the start of the new year.

In fact, a recent survey showed that 57% of Americans get some form of loan during December, and the vast majority of these people no doubt struggle to pay it back over the following 12 months.

Here are 4 simple tips to save cash:

Compare prices

The easiest way to save dollars every time you make a purchase is to compare prices on the item you are going to buy.

For example, if you want to buy an ugly Christmas sweater then a bit of research will show you that http://www.uglychristmassweater.com/ have the cheapest prices, often with up to 50% off when compared to similar stores. This shows it always pays to compare prices and shop around.

Use gift cards

A nice little trick to save cash while Christmas shopping is to use gift cards you’ve accumulated over the last 12 months.

How do you get these gift cards? Easy. Just ask for them as a present from family and friends for your Birthday. You will then have a few hundred dollars worth of gift cards to go Christmas shopping with.

Find the discounts

Most retailers have some serious discounts available during December, the only problem is that they don’t typically last very long. Fortunately, it’s not that hard to find the discounts and then swoop in quickly before an offer comes to an end.

All you need to do is follow your favorite retailers on social media or sign-up to their email lists. You’ll then be in the perfect position to be alerted any time a discount code is offered or a sale is announced, and then start buying cheap gifts to make your Christmas shopping very affordable.

Don’t use credit cards

A big mistake most people make is taking their credit card with them when Christmas shopping.This tends to lead to spending way more than you initially planned, especially if you have a credit card with a large credit limit.

For this reason, it’s highly recommended you work out exactly how much you want to spend on your shopping and then take out the exact amount of cash that you need. This ensures you don’t overspend, and ultimately, it saves you cash.