Canadian year-end holidays are back. This 2022 will usher us into the world of new hopes and aspirations. Remember, it is a time for giving and spending.
Setting up a holiday spending plan this season will relieve your stress. It saves you from excessive spending and uncalled-for accumulating debt.
Uncharted Christmas buying can cause a dent in your wallet. Keep the holiday spirit high but stick to your budget.
1. Make a plan and stick to it
Have you chalked out how much you can splurge on Christmas shopping? Look at the pending and recurring bills and income before jumping into a shopping spree. You can avoid paying revolving interest on your credit cards if you keep a check on this year’s Christmas shopping.
2. Make a “Santa Claus” shopping list.
Prepare a list of the people you will give gifts to and set the amount you can spend on every gift. Ensure the total sum does not overshoot by over 10% than your gift budget. Being within the limitation is exceptional.
Apart from gifts, keep in mind that there are other costs to consider during the holidays. These miscellaneous costs would include meals, travel, apparel, and decorations. Factoring in each of these costs would be sensible.
3. Plan early to grab the Christmas offers
Begin early to reap the rich benefits of Black Friday, Holiday Deals, and other Christmas offers.
You can get offers for grab on about everything you buy by planning well in advance. Do not keep the planning for the last few days. You can take advantage of bargains or discounts on non-perishable (or freezable) party components.
4. Be a savvy shopper
There are discount websites, such as RetailMeNot Canada, where you may receive vouchers for virtual checkouts at online merchants’ websites.
5. Follow retailers on social media
Shops provide their online communities and email subscribers discounts or free shipping. Stay up to date with their fantastic deals and offers, follow the retailers on Facebook and Twitter, or sign up for their email campaigns and newsletters.
6. Cost comparison
Browse the retailers online to check the pricing of things you want to buy before shopping. Some websites, such as
Shopbot, help you with price comparison.
Buyer reviews of items can also assist you in making an informed decision if you are looking for a less-priced model that is well-liked by users.
7. Purchase and order it online
Going to the mall entails gasoline consumption and the potential for a food stop. There may also be some surprise expenditures.
You can easily avoid these expenses by shopping online. However, do not forget to compare shipping costs to ensure you get the product delivered at the least price on your doorstep.
To save international delivery expenses and customs costs, stick with Canadian websites. It is the time for giving and preferably not spending, as most retailers would have you think. Set your spending and shopping goals and limits. Being innovative is good, but do not go overboard. Let impulse not obscure your mind. Get more financial advice to get sailing safely through this festive season!