Financial tips for the holidays

Creating a budget for holiday shopping can decrease impulsive purchases.

Creating a budget for holiday shopping can decrease impulsive purchases.

  1. Shorten your gift list
    1. Buying less gifts means saving more money
  2. Instead of buying everyone gifts, get creative. You could bake or offer your time.
    1. Babysitting, doing yard work, or doing family activities together are also good ideas.
    2. If you are looking for homemade gifts, take a peek at the latest Echo magazine or Pinterest.
  3. You should make a budget and stay within it.
    1. Decide beforehand how much you want to spend so you do not buy impulsively
  4. Instead of shopping just within the holiday season, get started early.
  5. Keep records of the gifts you bought
    1. This is so you know where you are within your budget.
    2. It is never a bad idea to give the gift receiver a receipt so he or she can return it if necessary.
  6. Do not buy extra warranties.
    1. They are rarely necessary and are a waste of money.
  7. You should know the refund policies.
    1. If you do not, always ask.
  8. It is not recommended that you use a credit card but, if you do, pay off the bill quickly.