The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • Submit an Article
  • Books
  • Categories
  • Coaching
  • Book Lynnette
  • Money Coach University™
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • Submit an Article
No Result
View All Result
The Money Coach
No Result
View All Result

Six Holiday Money Hacks That Can Help You Save This Season

Guest Blogger by Guest Blogger
in Personal Finance
Reading Time: 3 mins read
holiday money hacks to save
14
SHARES
229
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Holiday gifts are not the only expense you have to prepare for this season. There are many ways the money in your bank account can quickly start to disappear. If you are hosting family in your home, traveling, cooking for family and friends, or decorating, these are all expenses you want to take into account. You can have an awesome Thanksgiving and Christmas holiday without having to worry about overspending. Here are a few holiday money hacks to keep in mind as you gear up for the holiday season.

Have a Budget

Before you buy your first gift or ingredient for the holiday meal, sit down with pen and paper (or your favorite budgeting app), and set up a budget for the holiday season. Look at all the money you will have and determine a reasonable amount to spend. Include a line item for gifts, food, traveling, decorations, and any hosting expenses. This way, you will know what you have to work with this year. 

Use Cash for Holiday Gifts and Avoid Impulse Purchases

It may be inconvenient, but you will be saving yourself some budget heartache. Set aside a set amount of cash for holiday gifts and use this money for your shopping. Avoid buying items with credit cards as you may be tempted to go over your allotted budget. Also, be sure to stick to your plan. Create a list in advance of gifts you want to purchase for each person, so you only buy what you planned for.

Use Discount Sites to Book Flights

If you waited a bit late to purchase flights to see family—or travel abroad—you are in luck. Here are two ways you can save money on holiday flights:

  • Fly on a Tuesday or Wednesday – These days are known to have the lowest rates for flying. 
  • Use discount sites – Google Flights, Skyscanner, CheapOair, and others can help you find decent flight and hotel rates.

Encourage Family and Friends to Bring Dishes

If you are hosting, try this holiday money hack. Save some money on your holiday meal by having family and friends bring dishes, paper plates, beverages, and any other relevant meal items. Not only can this save you money, but it also saves time.

Try the Dollar Store for Your Decoration Needs 

You would be surprised by how much of your holiday decoration shopping can be done at your local dollar store. From ornaments to lights, and everything in between, low-priced stores in your area may have the exact decorations you need. Don’t break the bank on something you will only use once a year.

 Don’t Lose Sight of the Intangibles

While it is excellent to buy gifts and indulge in traveling, remember what the season is all about. Recognizing the importance of seeing family, creating memories, and enjoying the company of friends will make it much easier to avoid purchasing things you don’t need. The intrinsic value of the season will outweigh the need to overspend. In short, during the holidays, one of the best holiday money hacks is to make the real purpose of the season a priority.

These Holiday Money Hacks Will Help You Financially Thrive This Holiday Season

The holidays can derail your budget priorities. As a result, it helps to go into this time of the year with a solid plan to prevent overspending and the use of credit cards. The tips listed above can help you create a strategy for getting everything you need while staying on budget.

For more tips on financially surviving during the holidays, take a look at these posts: 

5 Tips to Protect Your Money While Traveling During the Holidays

4 Smart Ways To Shop Smart, Entertain And Decorate On A Holiday Budget

Tags: holiday budgetholiday spending
Previous Post

6 Powerful Ways to Save Like a Millionaire  

Next Post

5 Strategies for Using Rewards Credit Cards When Holiday Shopping

Guest Blogger

Guest Blogger

Related Posts

divorced man sitting on steps

5 Ways to Start Over After Divorce When You Have No Money

by AskTheMoneyCoach

Divorce can be emotionally and financially draining, leaving you feeling lost and overwhelmed. If you're starting over after divorce with little to no money, it can be even more challenging. However, there are steps you can take to rebuild your life and finances. Here are five strategies to help you...

lance-grandahl

Easy Hacks to Make Money From Your Home

by AskTheMoneyCoach UK Edition

With the cost-of-living crisis continuing to stretch household budgets, cash-strapped Brits have been shown how they can boost their income from the comfort of their home. The experts at Quotezone.co.uk have named six savvy ways homeowners could make money from their homes to tackle soaring mortgage rates and general living...

black business woman in front of building

Navigating Divorce When the Woman is the Breadwinner

by AskTheMoneyCoach

Divorce is never easy, but it can be particularly challenging when the woman is the primary breadwinner. This can create financial and emotional stress, as well as societal pressures and expectations. However, with careful planning and communication, it is possible to navigate the divorce process successfully and come out on...

Mini graduation mortar board cap on money -- education cost or scholarship concept

How to Apply for a Pell Grant and Get Money for College

by AskTheMoneyCoach

Are you worried about how you're going to pay for college? A Pell Grant can be a great way to get money for school, and it doesn't have to be paid back. In this article, we'll show you how to apply for a Pell Grant and maximize your eligibility to...

Auto repair shop. Cars open bonnet parked in garage for repair and maintenance service. Car check up at service station. Car waiting for inspection in auto repair shop. Car maintenance and checklist.

How to Find Auto Repair Shops That Offer Payment Plans

by AskTheMoneyCoach

Car repairs can be expensive, and unexpected breakdowns can put a strain on your budget. But don't worry, there are auto repair shops that offer payment plans to help you get your car fixed without breaking the bank. Keep reading to find out how to locate these mechanics and get...

Two businessmen working together, forex diagrams hologram and big business data analysis. Double exposure hologram with candlesticks and chart. Concept of teamwork and trading

The Basics of Forex Trading for Beginners

by AskTheMoneyCoach

Forex trading can be lucrative for anyone willing to put in the effort to learn the basics. While it can initially seem overwhelming, with some knowledge and practice, anyone can become a successful part-time forex trader. This article will cover the ten basics of forex trading that every beginning trader...

Close up African woman outstretched hand, makes stop gesture

The Impact of Structural Inequality on People of Color

by Lynnette Khalfani-Cox, The Money Coach

Many people face challenges when it comes to money, but for African Americans and other people of color, these challenges can be even more significant. This is because there is a huge amount of structural inequality baked into every system within America – including business, educational, government, legal, and health...

Load More

Popular Posts

  • Car repair

    What to Do If You Can’t Afford a Car Repair Bill

    1534 shares
    Share 614 Tweet 384
  • What to Do if Your Spouse Stole Money From You

    1316 shares
    Share 526 Tweet 329
  • What to Do If You Can’t Afford to Leave Your Spouse

    1283 shares
    Share 513 Tweet 321
  • Here’s Why I Pay My Kids For Good Grades (And Maybe You Should Too)

    1134 shares
    Share 453 Tweet 283
  • What Do All Those Strange Codes In My Credit Report Mean?

    903 shares
    Share 361 Tweet 226
  • Which Credit Report is More Important: Equifax, Experian or TransUnion?

    876 shares
    Share 350 Tweet 219
  • Do This Now If Your Wages Were Not Reported

    857 shares
    Share 342 Tweet 214

Categories

  • Bankruptcy
  • Budgeting
  • Building Wealth
  • Careers
  • Couples and Money
  • Coupons and Deals
  • Covid-19
  • Covid-19 Video
  • Credit Cards
  • Credit Reports
  • Credit Scores
  • Crypto
  • Debt
  • Entrepreneurship
  • Family Finances
  • Featured
  • Identity Theft
  • Insurance
  • Investing
  • Loans
  • Paying for College
  • Personal Finance
  • Press Releases
  • Real Estate
  • Retirement
  • Saving Money
  • Scams
  • Student Loans
  • Taxes
  • Uncategorized

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

RSS / Sitemap /Submit an Article / Privacy Policy / LynnetteKhalfaniCox.com

No Result
View All Result
  • Books
  • Categories
  • Contact Lynnette
  • Get Coaching
  • Book Lynnette
  • Money Coach University™
  • Home
  • Subscribe to Newsletter
  • Submit an Article

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist