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Smart Money Saving Tips for Holidays

By Sandra Parker Subscribe to RSS | November 30th 2011 | Views:
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Did you have any idea that retail stores across the US generate 75% of their profits during the holidays? The prime reason behind this is that most of the people go overboard with their holiday shopping during these periods. However, if you want to spend some less on these upcoming holidays, just go through the tips mentioned below.

Save on Gifts

Gifts are undoubtedly the most important rather expensive part of holidays. If you like to save some on gifts, you have to start by buying fewer gifts. If you buy just one less gift per person, you can certainly save hundreds of dollars. However, there are also some other ways to buy fewer gifts. Consult with your family members, and come to a conclusion to give up buying gifts for the adults. Only buy gifts for the children. Moreover, fix a maximum amount to be spent on each child. There is another way to save huge on gifts. Start making them yourself. If you’re creative, you can certainly make them without any difficulty. For instance, you can make things like painting, a handmade blanket, or a cake. These will undoubtedly save you thousands of dollars.

Meals

There is no doubt that food is the second biggest expense during holiday periods. Most of the families host numerous get togethers and spend thousands of dollars to buy food, drinks and desserts. But there are a few cost cutting ways on these items. The first is obviously going potluck. In a potluck party, each person has to bring a dish. This way the stress goes off and you save some good amount. There is another way to reduce expense on food. Buy less expensive food. Don’t buy meat from the expensive delis, rather purchase from warehouse stores. You can also serve turkey instead of serving prime rib.

Decorations

You can deny doing decoration of your house during holidays. Therefore, be creative if you want to save some bucks. Search online for some innovative and low priced ideas for decorating your home. Know how to make advent calendars or your own stockings. Further, buy LED lights as these last forever and consume very less energy. This way, besides saving a lot, you can also enjoy the holidays to the fullest.

Wrapping Paper

Keep gift bags so that you can later use them as wrapping gift items. By doing this, you can also save the environment. For cheap gift wrapping purpose, you can also buy bulk rolls of papers. However, if you want to use traditional wrapping paper, visit any dollar store. Dollar stores, usually, keep large selection of wrapping paper. You can buy these just by paying one dollar per roll.

These were some of the things you can do to save your hard–earned money during the holidays. By using these steps, you can enjoy this coming holiday to the fullest and still will save a significant amount of money. If you have any such ideas, you can certainly spread the same among your relatives and neighbours.

Sandra Parker - About Author:
Sandra Parker is associated with savedude.com as a financial writer. She writes on personal finance and offers advice on such issues.

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