Come holidays and it seems like all you’re doing is spending. The cash just doesn’t seem to last and you really don’t know what to do. At times like these, it is quite natural for some to have their holidays turned into a dreaded feeling. So how do we turn this thing around and enjoy the holidays in the way that they are meant to be? We try some holiday budget tips. The biggest money crunches can be solved with a little planning and budgeting and that is exactly what we need to concentrate on. In the following sections, we will be giving you key tips on drawing up a holiday budget and how to go about getting the best of both worlds with simple budgeting.
It is extremely important that you have an overall budget in place or there are chances that you’ll end up spending much more than what you want, and on things that you don’t need. Here are some tips to keep in mind when learning how to make a budget for your next holiday:
- Make a list of the things that you need to be spending on. Having a complete list ready helps to plan better than being faced with last minute expenditure.
- Calculate the money you have that can be spent and then put in a bulk sum against each item that you need to spend on. Try and stick to this sum.
- Keep a small amount as a safety net for any sudden or unexpected expenditures.
- It’s not really possible to suddenly come up with a bulk of money at the start of a holiday for spending. The trick is to save up for it throughout the year so that you do not feel a crunch all at once. Try and open a saving account a year or several months in advance and dedicate it merely to the holiday budget. In that way you’ll have quite a sum to work with at your disposal.
Shopping is one of the most expensive things that you end up doing in the holiday season. Maybe it can’t be cut out completely, but you can definitely control how much you spend on shopping. Here are some shopping tips.
- Make a list of all the people you need to buy things for. Then write in the amount that you want to spend for each of them. Stick to it.
- Look for discounts and schemes. Sales are also a great way to save some money.
- Do not let your emotions come in the way of shopping, or your budget is as good as useless.
- Shop online so that you’re not tempted by the grand displays and countless other tempting offers that are running.
- Don’t wait for the last minute to do your shopping. The more you wait the more expensive it becomes. Try to get your shopping done months in advance.
- Try and pay with cash so that you are aware of what you’re spending and can thus keep a check on the same. Also, it’ll help prevent impulse buying.
There are many who take vacations around the time of holidays and want to know about vacation budget tips. The following are some of those:
- Plan a holiday in advance. Last minute traveling, booking, and accommodation costs much more. You can easily avoid this by doing the right budget travel.
- Consider starting an account to further the holiday fund as well.
- Look for discounts on hotels, flights and other aspects. There are a lot of these schemes available during the holiday season. Be informed and you could save yourself a lot of money.
- Find out about the days that are the most expensive to travel on and see if you can maybe go a day or two before or after that day. This will help save a lot of expenses.
- Consider other modes of transport that are probably not as expensive as airfare.
- Try and cut out on certain elements of a holiday like saving on accommodation by putting up with relatives and friends, or at a hostel.
With these holiday budget tips, it should’ve become easier for you to plan and budget this holiday season. Think about it this way, if you plan now, you can have a stress-free holiday later. And isn’t that the point of it all?