For many, there’s a mix of joy and stress during the holidays. It’s a wonderful time of year for spending time with your family and friends, but the expense that comes along with it can be overwhelming. It doesn’t have to be this way. By making a few changes and cutbacks on unnecessary purchases you can survive the holidays and enjoy the magic of the season.
Brown bag it for work
For the month of December, make a pact with yourself that you will bring your lunch every day and forego the morning ritual of buying coffee along the way. Instead, make your coffee at home to go. You’ll make it just the way you like it and the savings alone will help put some green in your pockets for presents. Also, avoid eating out. Make a shopping list and dine in. It’s healthier and again the menu will consist of just the foods you enjoy. And don’t forget to use your coupons.
Pay the minimum on your cards
While it’s always best to pay down your debt quickly, if you are tight on cash for the holidays, pay just the required payment. Once the holidays pass you can return to your excellent practice of paying more.
Sometimes despite your best efforts, the savings doesn’t add up to the money you need to complete your shopping. If this is the case, you can take out an installment loan. This will give you the additional money you need and allow you to repay it over time. There are many sites online like bluetrustloans.com that offer easy installment loans. BlueTrustLoans provides personal cash loans and installment loans in amounts up to $1250 as an alternative option to payday lending. Key benefits include minimal eligibility requirements, fast funding, and flexible repayment. Qualified applicants must have a social security number, an active checking account, and a verifiable source of income.
Cut back on your cable
If you are like many, you probably have a lot of channels available that you never watch. Contact your provider and find out if you can switch to a smaller package that’s less expensive. If not, then opt for the basic service for the month. Decorating with lights indoors and outdoors can also become costly. Since removing your tree or display is not an option, replace the lights with energy-efficient ones. The savings will offset the cost of the new ones and then you’ll have them on hand for many seasons to come.
Share a ride
If you commute to work you may know others who drive as well. By alternating the driving every other day or biweekly you’ll cut your expenses in half, or maybe more. It’s a win for both parties and depending on how far you travel this could save you a lot in just a few short weeks. Planning trips out can also help to save you money. Make lists and complete tasks in one day instead of two or three.
The holidays should be a time of joy. If you are struggling just to make ends meet this can turn a fun-filled season into a stressful time. Instead, make temporary changes to offset the additional expense and if this isn’t enough then take out a short term installment loan with low monthly payments. It will give you the ability to enjoy visiting with family and friends without the large bills following behind. After the season passes, make your New Year’s resolution to start and stick to a budget and make this the last year you stress over the holidays.