This holiday season almost everyone is feeling Scrooge-like when it comes to spending money and shopping for everyone on the list. Even though we all can’t hope that Santa will bring everything we ask, there are some ways to do some holiday shopping to get more without increasing debt.
It’s not always easy to just add it to the card or apply for more credit, some people have to make due with what they have and by following some simple tips, you can get more this holiday shopping season.
The following are 5 ways to get more without increasing debt this holiday season.
1. Shop at places offering cash back or reward incentives. There are many stores offering specials rewards for people that spend a certain amount of money. Sporting good stores are advertising $150 cash back reward for every $300 spent. This is a great way to get more for the same amount
2. Use coupons or savings discounts when able. Many stores and items offer discounts and coupons for shopping and this holiday season will be no exception. Don’t be afraid to use the coupons to save money and get more presents.
3. Buy gift cards in bigger quantity and bulk to save more money and receive more cash without actually paying for it. There are stores that offer a bigger amount of gift card value for bigger purchases. Sites that offer restaurant gift cards have programs where a person can spend $100 on gift cards and receive and extra $25 – $100 in return. These are good ways to get more from the same amount.
4. Shop around for best deals. If you are going to make any big purchases or even lots of smaller ones, it’s a good idea to shop around and save some money. By shopping around and getting the best price, a person can get more from the same amount.
5. Set a budget and stick with it. It’s easy to say, but people start with a certain budget, but over the course of the season then go over that and add some debt. If you know you don’t want to add more debt, it’s best to use a budget and stick with it. Use the tips above to get more out of the shopping season to avoid going over budget.
These tips will not turn a holiday into an all out recession-buster, but they can make it a little more pleasant both during as well as after. Lots of people find themselves in bad debt after the holidays and hopefully by following these tips, it will help reduce some of the debt.
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Tags: Credit Card Debt, Credit Counselors, Credit Help, Debt Help, Debt Relief, Holidays, Personal Finance, shopping
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Great advice! I shop around for the best deals before finalizing my decision to buy. For example, Amazon offered Wii for $150 this past weekend. Had I not pay attention to these special promo, I would have paid $199 for it.
My Grandson was delighted with his Christmas gift card. It was so easy to order and was received promptly.
Around 600 million pounds has been been paid off in personal debt which has helped to reduce the nations 1 trillion borrowing on credit cards and loans. Individuals may have turned to seeking debt management help and ways to get out of debt or it may be down to the fact that low interest rates have allowed homeowners to save on their mortgage which they have then ploughed back into reducing their debts.