Here are some ideas to finish your holiday shopping strong and protect your budget this year.
Check Your Rewards Credit Cards
If you have a rewards credit card that has a cash-back or rewards program, check to see if you have any points or cash to redeem. You can buy many gifts through your rewards program that you would normally get in the store. I spoke to a coworker recently who had $242 worth of points available to spend!
Utilize Unused Gift Cards
Check to see if you have any gift cards that you’ve stored away or haven’t used to do your shopping. I’m not advocating re-gifting a Starbucks card (nor am I judging), but you could utilize general spend gift cards that you tucked away and haven’t used, or ones where you haven’t used the entire card amount. You might even have unused gift cards from retailers where you can buy presents. I had close to $50 worth of gift cards that I took with me on my last vacation either because I forgot I had the cards or realized I had balances left on them.
Search the Internet
Another idea, even though Black Friday has passed, would be to utilize different retailers competing against one another. The internet has put power in the hands of the consumer by allowing us to compare prices against competing companies. Also, websites like Amazon and eBay can help you find gifts at discounted prices. Other sites, like Groupon and Etsy, allow you to personalize items that will give the gift a more personal touch. There are also apps designed to make your shopping experience cheaper and easier. Do your research and find the best deals!
While it is fun to give gifts to our loved ones, it is more important to remember the real reason the holidays are so meaningful. It’s a time to get together with family and friends, rekindle old traditions from our youth, eat good food, and more. This should be a time where we are thankful for all we have, not a time where we strive to get all we think we and our loved ones need. Use this time to relax and enjoy all the blessings that are right in front of you. The holidays can be one of the most stressful times of the year, but it doesn’t have to be. Make this season one to remember!
ABNB Federal Credit Union
Loan Center Plastics & Indirect Administrator