Posted By: Michael Herscovici
Most families do not see xmas as a huge expense. However, for most, it is a big deal, and can cost a family a lot of money. If a family does not plan according, then they can have a lot of financial hardships, all because they did not plan ahead for xmas.
Most people think that the best time to start shopping for xmas is at the end of Nov, however, it might be earlier than you think. There are many ways to save for xmas and after some research here are the top three ways to do so.
1. Make a list and check it twice. I know it sounds funny, however, making an xmas list is just like making a budget. Most people make an ad-hoc list that they sort of follow but more likely are just buying things here and there. By setting up a list and following it, it is much easier to see your expenses beforehand rather than getting a credit card bill you cannot afford.
2. Save well before xmas and pay with cash instead of credit. It almost seems to easy but most people over extend themselves and wind up paying a lot in interest. However, if you start saving early, then you can avoid paying a lot in interest.
3. Buy at the store rather than online. The average family can save up to $500 a year on xmas presents if they do not rush order the present the week before. This savings comes in the way of shipping cost. If you do not order online then you do not have shipping cost.
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