How To Increase Your Holiday Savings

It’s normal to spend more during the holidays, but that doesn’t mean that you can’t stay within your budget or even be able to set aside extra money.

Here are some ways to turn the holidays into a season of savings, and end the year with more money in your pocket.

Tips To Increase Your Savings While Sticking To Your Holiday Budget

Create A Budget

The best way to increase your holiday savings is to make a strict budget and stick to it.

First, determine how much you’re willing to spend and then divide it across your different categories: gifts, entertainment, clothes, shopping, travel, etc.

Second, make it difficult to overspend. For example, you can withdraw your holiday budget and only use cash for your purchases. You can even divide the money into envelopes labeled according to each category, and make sure you use only what it’s allocated for.  For online purchases, use a debit card or put money into a PayPal account or similar platform.

Find Discounts And Coupons

It’s sale season, so avoid buying items at full price! And with technology, you don’t have to spend a lot of time finding out where the best deals are. Download a coupon aggregating app or price comparison app. Check if a seller is willing to match a lower price, or offer other values like free shipping or cashback.

You can also follow social media pages or sign up for newsletters for the stores or brands you frequently buy from. Then, you’ll be the first to know of any promos and may even get exclusive discount codes and other holiday savings.

Pick The Right Supermarkets And Malls

If you’re buying a lot of items, it’s worth making a special trip to a warehouse, outlet store, or supermarkets and malls that are known for their low prices. However, gas is very expensive, so make sure that your holiday savings are significantly higher than what you’ll pay for transportation.

DIY What You Can

You don’t need to be super creative or skilled to make your own décor, cook your own food, or make gifts for families and friends. Just check out YouTube tutorials, and craft ideas on Pinterest and other sites.

Take Advantage Of Free Holiday Events

Your local museum, park, or community center may have free concerts, movies, or other holiday events. It’s a great way to spend time with friends and family without breaking the bank.

Sell Unused Items

It’s the perfect time to clear out your closet or let go of items that you no longer need. You can sell clothes, gadgets, books, toys, furniture, and collectibles on sites like eBay, Amazon, Facebook Marketplace, or specialty sites like thredUp and Swap.

The extra cash can go into your holiday savings, or help cover seasonal expenses so you stay within your budget.

Look For Extra Income

The more you earn, the more holiday savings you will have. And the good news is that there’s a lot of seasonal work available.

Malls and restaurants often hire part-time workers who can help with the holiday rush. You can also get a job as a driver, house sitter, babysitter, or cleaner. Or, you can turn special skills into a side hustle: hair and makeup, singing, photography, baking, decorating, and more. There’s so much you can do to earn a little extra during the holidays!

Have More Fun At Home

A lot of expenses arise when you attend parties or events. Aside from having to pay for food and drinks, you also need to dress up or pay for gas or cab fare. If you’re meeting up with people, you’ll also feel more compelled to buy gifts.

It’s much cheaper to stay at home, and you can still have a lot of fun. Invite friends over for a potluck party or brunch. Do a Christmas movie marathon with your family. Decorate a gingerbread house together. You’ll have more holiday savings, and you’ll probably have better quality time together too.

Holiday Savings And Emergencies

These tips don’t just apply to holiday savings—you can use them any time of the year to reduce expenses and build up an emergency fund. So, when you suddenly have a drop in income or face an unexpected repair or medical bill, you have money set aside.

But what do you do if you experience a financial emergency and your savings aren’t enough? What if you can’t borrow money from family or friends or take out a bank loan because you have bad credit?

Don’t panic! If this happens, At Home Title Loans can connect you with a licensed title pawn lender to get you the fast money you need.

Title Pawn: A Simple Way To Get Emergency Cash

A title pawn is a personal loan where you use your vehicle title as collateral. You can borrow up to $15,000, and still be able to use your car during the duration of the loan. It’s also really easy to apply and qualify for a title pawn.

• Minimal requirements. You can get a loan even if you have bad credit or do not have a long credit history. You just need to be the registered owner of a vehicle with a lien-free title (in layman’s terms, the title is not being used as collateral for another loan, and has no other legal claims on it).
• Few documents. You will need to show your vehicle title and a state-issued ID, and provide the vehicle for inspection to determine the loan amount you qualify for.  
• Simple application process. Just fill out the online form, and you will be instantly connected to licensed lenders near you. The lender will call you to explain what you need to do, and what branch to go to.
• Fast processing and payout. When you go to the branch, the verification process just takes 30 minutes, and you get the money the same day or the next business day.

Find A Title Pawn Lender Now

When financial emergencies strike, help is just a click away! Our direct lenders are waiting to assist you with your financial emergency today.

To get started, simply fill out the online form to request your title pawn now.

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.