December will come soon and the joy of Christmas is in the air. Giving and receiving gifts or presents to family, friends, or colleagues during Christmas has been a long tradition in several countries. While busy shopping for preparations, decorations, and presents, many people often forget to make a budget arrangement. As consequence, when Christmas is over, they just realize that they run out of money as it is wasted on something they should not purchase. Below, we share 10 insightful tips of budget arrangement you can practice next Christmas so the moment will not be ruined by broken bank account.
First thing first, before Christmas comes, you can make a list of things you should prepare for the event as well as the gifts Make sure that you include essential goods only in the list.
Second, as economic law states that price rises when the demand is high, you may need to consider do the shopping much earlier before Christmas. When the day comes near, prices tend to rise than usual. Do not wait until the last minute to buy presents because the remaining item choices are limited so you cannot compare the best price.
Third, online shops develop fast nowadays. If you cannot find time to go directly to the shop, then you can purchase Christmas preparations online. There are various kinds of objects available online, you can even find those which you cannot meet in the actual stores. Even better, you can easily compare the prices of an item in one store and another, so you can choose the best which suits your budget.
Fourth, instead of using credit card, you should pay in cash. Controlling cash flow is easier than credit card because once you run out of cash, you will realize that maybe you have spent more than you need.
Fifth, use vouchers. When Christmas comes, several stores (both actual and online) are offering shopping vouchers for their customer that can be adjusted to their budget. Using voucher is almost the same as using cash; you can manage your shopping at ease.
Sixth, to avoid wasting money on unused items, you should ask your family or friends what kind of presents they want for Christmas.
Seventh, you may use your own creativity to make handmade gifts. Not only saving money, handmade presents have more meaning and priceless. You can give them your own homemade cookies, sweater, or dolls.
Eighth, you can get extra money from selling unused stuffs at home. Rather than compiled meaninglessly on the storage, you can advertise them on online store or open a garage sale at home.
Ninth, buy things from local store than big malls. Not only helping the local economy, the prices tend to be cheaper. When you are lucky, you can even get discount.
Last, do not be impulsive shopper. Especially for women, they tend to purchase something in an instant just because it looks cute or beautiful while they actually do not need them. So, making Christmas list is crucial.