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Ways to Save Money During the Holidays
Ways to Save Money During the Holidays

10 Ways to Save Money During the Holidays Without Compromising

The most challenging time of the year to save money and generally spend less of it has to be the winter holidays. It’s the time of year when consumerism gets the best of us, and we go wild when it comes to shopping!

But it doesn’t have to be this way. There are ways to save money even during the holidays, without making any compromise. You can still buy lovely gifts for your friends and get a nice Christmas tree. All you have to do is to be smart about it.

It doesn’t matter if you decide to stay at home during the holidays or get a holiday trip which might seem grand and very inviting because it guarantees that you can fully stay away from office work and home responsibilities.

Today, we’re going to show you ten ways to save money during the holiday season without making any compromises.

10. Downsize Everything

Downsize absolutely everything this holiday season! Your closet, your shopping, your invite list, your food and wine list, absolutely everything. Learn to live with less, because material things don’t bring happiness… or so most people are saying. Whether you believe that or not, minimalism is the key to saving money.

9. Hold on to Things

A handy but straightforward tip for saving money is to hold on to things for just a little longer. So you feel like you need to trade in your car? Could you not do it during the holiday season? Wait a bit longer until everything is taken care of and the last of your worries is your car. Naturally, this can be applied to a lot of other things!

8. Make Lists

Making lists will not only help you be more organized, but it will help you save money. Keeping everything in perspective will help you know what you need and what you don’t. We also recommend getting an app for note-taking. There are so many out there that are free and incredibly helpful.

7. Use Vouchers

Whenever you’re out shopping for groceries or presents, make sure you’ve got some vouchers with you, so that you can save money while shopping. These days, there is a voucher craze, so you’re most definitely going to find them, all you need to do is search for them! What was your most significant voucher discount?

6. Have a BYOB Christmas Party

We know that BYOB doesn’t spell a Christmas party, but a college student party, but you make it work when the budget is tight. Instead of merely cutting booze off your list, you could ask people who are coming over to bring some bottles of wine.

It’s nothing to be ashamed of! Everybody’s doing it!

5. DYI Christmas Tree Decorations

When on a budget, it’s time to make your own Christmas tree decorations. The easiest way to do this is to cut a couple of lemons and oranges in thin slices and put them somewhere sunny and dry for a few days until they’re dry. Attach some string to them, and you’ve got yourselves some incredible Christmas tree decorations.

4. No Dead Christmas Trees in the World

Or, in other words, don’t buy live Christmas trees. A tree doesn’t have to die for your entertainment. We get it, it’s nice to have your house smell of pine, but that can happen without a low little tree breaking. If you get a plastic tree, you’ll get to recycle every year for eternity (almost), and you get to save a ton of cash! Everyone’s happy, right?!

3. Buy Food Wisely

When buying groceries, you need to be wise! The USA throws away tons of food each day. And it’s not even rotten; it’s completely edible. To avoid having to throw away good food or have good food go wrong in your fridge, think about what you’re going to cook and how many people are coming over. Don’t waste food!

2. Keep Presents Simple

You love your friends, and they love you, but this doesn’t mean you have to buy them each a Mont Blanc pen. Good friends can appreciate a gift that’s made from the heart and not from your wallet! Take your pen and paper, make a list of all your friends to whom you would like to give presents and spend some time thinking about what affordable gifts to get them. Easy!

1. Buy What You Need, Not What You Want

To save money during the holiday season, you need to learn how to do smart shopping. It does take a little bit more time on your part, but it’s well worth it. All you need to do is do some research about what places have sales, what vouchers you need to get, and so on.

Another essential thing is only to buy what you need and not what you want. We know it’s hard, but you can do it!

Are you going to try any of our tips on how to save money during the holiday season?

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Daily Money Saving is a community built around the notion that saving money is good. We offer free articles and information on all aspects of personal finance including debt reduction, how to save money, how to make money and how to invest.