Holiday Money Saving Tips for You and Your Household
The holiday season is often the happiest time of the year, but it can also be the most expensive! Everyone spends money on holiday celebrations, family reunions, gift-giving, and seasonal home decorations. The holidays also fall at a time of year where there can be extra household expenses for home repairs due to the weather.
In order to make the holidays fun, but save some money along the way, here are a few tips:
- Recycle old decorations. Who says you need to buy new holiday decor every year? Last year’s decorations are still going to look just as pretty. If you want to reinvent the look, rearrange them or mix and match them differently from last year.
- Set timers to turn your holiday lights on and off at the most efficient times. Your lights only need to be turned on in the early evening hours when it begins to get dark. You can save in electricity costs if you only light up for a few hours every night.
- Use a fireplace to warm the room. This will also help you save on energy costs because your heating system won’t have to run as frequently to keep the house warm.
- Set your thermostat depending on how many people are in the room. The more people in the room, the warmer it gets, so you can lower the temperature at those times.
- Plan ahead. Know what your holiday schedule looks like, so you can look for times and places where you can save on food and entertainment, not just resort to the most convenient options at the last minute. You can also buy gifts throughout the year to spread out the cost.
- Be more creative. During the holidays, you do not need to spend every available dime you have. Find a more creative way to give gifts or celebrate without spending much.
- Set a budget. Having a budget will help you limit your holiday spending. If you set a threshold for what you can spend, it will help you be more selective in what you purchase, which ultimately helps you choose what’s best, not just most convenient.
- Check your closets and cabinets. Do this before you decorate your home, as you will be shocked by what you can find hidden in some parts of your house. There may be old decor that you can reuse or that you even purchased in a previous year and have never used!
- Make your own holiday decorations and gifts. Have everyone in the family join in and spend a day or two making holiday decorations using recycling things. This will be a huge savings on your budget and can also become a fun tradition.
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