Saving Tips for the Holiday Season!
1. Create a Holiday Budget
Creating a holiday budget helps you to stay on track with your spending. Allocate funds from your check each month to a holiday savings account. Purchase all your gifts only with your saved money in this account. This will help you stay on budget and not scramble for the money when you need it. I use a PayPal savings account that takes $35 from each pay and puts it in a holiday fund. And the icing on the cake is the APY is 3.25% so I’m actually making a tiny bit of money while my funds just sit there waiting for me to use them. If you need an online savings account or a secure payment center I highly suggest PayPal (PayPal Referral Link). If you open an account and spend your first $5 you’ll end up making $10 for being a newly referred member.
2. Cash Back Rewards
Do you have a credit card that you use? Does it have Cash back rewards? If not keep reading I have a referral link for you that gives up to 5% cashback and if you make a purchase in the first 3 months, you’ll receive a $100 statement credit (free money). If you pay with your credit card, as soon as the payment post you should pay off the balance immediately if that strategy helps you stay in control of your spending. For some cards, each month is a different bonus category. For instance, this month on my Discover card I get 5% cash back on all my Amazon purchases and anytime I use my Digital Wallet (Tap to Pay). (Discover Cashback Rewards Card Referral)
3. Rakuten
If you are an online shopper like me, you should definitely use Rakuten. They literally pay you to shop through their site. With different merchants offering anywhere from 1% to 20% cash back it’s the best. The thing that’s even better is you can still use a coupon code it’s like a double dip for saving money. For the holidays, I usually receive cashback for over $100 just from my online purchases for my family and friends. Use my referral code below and they’ll give you $40.00 for making your first purchase of $40.00 through the sit! (Rakuten Cash Back Shopping Rewards Referral)
4. Shopping Cart Abandonment
When you shop online most retailers want you to go through and purchase the items in your cart. So, with that logic, some retailers will make a second attempt at a sale when you leave items in your cart. Within 24-48 hours you can usually expect an email asking if you’re still shopping. The merchant will send you a coupon code via email of anywhere from 5-20% for you to return and purchase your items. Be strategic, if it’s a great deal go ahead and purchase, but if you can wait, let it sit in your cart overnight and see if you get a coupon code in your email. I do this a lot when I’m shopping with Fashion Nova.
I hope these tips will help you to stay on target this Holiday Season. In what ways are you staying on budget?
