The Christmas festivities are here and whether you are a christian or not, it’s quite hard to ignore the holidays. It is the season when a lot of businesses usually thrive because of the high rate of spending.
But given all the economic constraints brought about by the impacts of Covid, how do we make sure that we still enjoy the holidays while making sure we don’t overspend or get into debt? Stori has a few tips on how to keep your spending in check during the upcoming festivities.
Plan your budget early.
List down all your projected expenses for the holidays as well as their projected prices in time. This will help you predict the amount of money you will expect to spend.
Make sure you stick to your budget, as the budget is a useless tool if you actually don’t follow it.
As with the law of demand and supply, the prices of clothes, gifts and food are definitely going to go up as we approach the festive season. It is wise therefore, to buy these items early in time to avoid paying absurdly high prices.
Buying early will also help you to avoid the last minute rush and crowding with all the other shoppers especially now when social distancing is highly recommended.
Look out for bargain deals.
Instead of shopping at high-end supermarkets or retail outlets you could try wholesalers and buy bulk items at wholesale prices.
Also, where prices are not fixed make sure you bargain to get the best prices. Your pockets will definitely thank you for this.
Also Read: Travelling Tips
Only buy what’s necessary.
As you budget, think of what’s important and what’s not. You can have a priority list to help you determine what is absolutely necessary and what can wait.
Carry your own food and drinks while travelling.
If you have any travel plans, always make sure to pack your own food and drinks instead of buying them en-route since most roadside motels and supermarkets are quite overpriced.