With Halloween now behind us and most Black Friday Ads already available, the holiday shopping season is off to the races! This can be an especially stressful time, between trying to find the perfect gift for everyone on your list to making sure this holiday doesn’t become a financial burden. Here are some holiday shopping tips so you don’t have to fear looking at your bank statement in January.
Your holiday shopping plan should include a list of everyone or every occasion for which you will need a gift. That means your significant other, to your in-laws, to even the often-forgotten Yankee Swap at work. You will be surprised how overlooking the small gifts can have an impact on whether or not you stay on track with your holiday budget. Speaking of budget, determine how much you are willing to spend for each person. Then add up all the gifts on your list and make sure the total number is one you are comfortable with.
EXTRA TIP: On your list make sure to include gift wrapping supplies and holiday cards. The festive wrapping paper, crinkly tissue paper and cute gift card holders are holiday shopping expenses that should be accounted for as well.
2. Do your research.
Online shopping and smartphone apps allow you to quickly price check and determine if you’re getting a good price on something. Keep in mind many stores have price-match policies, so use all the information at your disposal to get the best deal.
EXTRA TIP: Combine big shopping days, like Black Friday and Cyber Monday, with loyalty rewards or cashback offers, such as Purchase Rewards, to get the best deals on your holiday shopping.
3. Focus on what's important.
Remember, the holiday season is about spending time with your loved ones, having fun and giving thanks. If the budget is a little tight don’t be afraid to skip the flashy and expensive store-bought gifts. Try making something crafty or baking a delectable dish. Not only will this save you money, but it’s also more meaningful to give something you made with your own hands. This shows you put in the time and effort to make something completely unique. As cliché as it may seem, the saying is true: it’s the thought that counts.
Are you ready for the holidays? At Pentucket Bank we offer a full-suite of online banking services and holiday club savings accounts that can help you stay on track with your financial goals. We are a local bank with branches in Haverhill, MA, North Andover, MA, Salem, NH and Hampstead, NH. Send us an email or call us today at (978) 372-7731.