This holiday shopping season, millions of consumers will add significantly to their credit card balances. In fact, estimates indicate that consumers in America will add $1,000 or more to their already problematic consumer debt. Come January, many consumers will be in for a rude awakening when they open their credit card statements and realize they’ve overspent. It’s easy to get carried away when you are in the holiday spirit and buying gifts for those you love. However, accumulating more credit card debt in the process is not good for your financial picture.
There are ways to get through the holidays without breaking the bank. With a little planning and some good financial and buying strategies, smart consumers can breeze through the gift-giving season and come out relatively unscathed.
Many holiday shoppers are surprised at how easy it is to save money when they focus on it. Little changes in their spending and shopping strategies can add up to big savings.
Make a budget
One of the biggest mistakes consumers make when shopping for the holidays is not making a budget to guide their spending. Without a budget, shoppers are flying blind, and they’ll most likely overspend. Sit down, make a list of whom you want to buy for, and set a spending limit. More importantly, stick to it.
Save ahead of time
Creating a savings account to fund your holiday shopping is a great idea. Back in the day, banks used to offer “Christmas Club” savings account. Shoppers could save a little bit each week, all year, so they’d have money to fund their holiday shopping.
You can do the same thing by putting a little bit of money away each week or pay period. Chances are strong that you won’t miss the small withdrawals each week, but they could add up to a sizable shopping fund by December. Wouldn’t it be nice to have all the cash you need for your holiday purchases? Additionally, paying cash will most likely keep you from overspending.
Getting started on your holiday shopping won’t just lower your stress level, it’ll also help you save money. There are many opportunities throughout the year to take advantage of sales to save money on your holiday gift giving. In addition, by spreading your purchases out over the 12 months, you can certainly lessen the impact to your finances in December and thereafter.
Sell stuff you no longer want or need
Out with the old and in with the new! If you want a little extra money to shop with for the holidays, consider selling the things you have that you no longer need. You can utilize online auction and resale sites such as eBay and Poshmark to help you get the most out of your used items. These sites make it easy to get cash for things you no longer want. Additionally, local consignment shops can help you sell off your used items, such as clothing and furnishings. If you don’t have the time or energy to list your items for sale, you can always donate them to a local charity. It may not put money in your pocket now, but you could get a good tax deduction later.
Buying holiday gifts online can help you save money in a number of ways. First, you can comparison shop easily on the Internet. Using search engines, you can source items from multiple retailers and determine where you can purchase it at the lowest price. In many cases, you can avoid paying taxes by buying items on the Internet. Free shipping is commonplace, especially from the bigger online retailers, so you don’t have to spend your money on gas picking up your items or driving from store to store in search of the lowest price.
National Debt Relief offers consumers a chance to win $10,000!
These are all great strategies to keep you from accumulating more debt over the holiday season. However, if you’re already carrying a significant amount of debt, don’t miss your chance to win $10,000 in National Debt Relief’s Holiday Cash & Dash Sweepstakes!
What would you do with $10,000? Would you save it, spend it, or pay off your debts? Well, if you’re carrying balances on your credit cards, or carrying other consumer debt, now is your chance for a fresh start! Millions of Americans are carrying debt from month to month. In fact, for those who do carry credit card debt, the average is a whopping $10,955! This sweepstakes could knock out almost all credit card debt for one lucky winner.
Spin to win every day
You can still be a winner without winning the Grand Prize. Every day, multiple lucky winners will receive gift cards worth up to $250 by participating in our Spin to Win game. When you enter for the Grand Prize, you’ll automatically spin to win, but don’t stop there. Come back every day to play the game; you could walk away an instant winner. You even have additional ways to earn more entries after you play!
Over $20,000 in prizes
So, what do you need to do to get your name in the running for one of these great prizes? Just click here to enter with your email address; it’s as simple as that! You do not have to enroll with National Debt Relief in order to be eligible.
Look for more ways to enter by checking out our Facebook page.
Here’s the skinny
What: National Debt Relief’s Holiday Cash & Dash Sweepstakes
When: Sweepstakes runs from November 24, 2017 to December 23, 2017. Winner announced after Christmas.
How: Just click here to enter your email for a chance to win instantly and be eligible for the $10,000 Grand Prize.
Enjoy the holidays
The holidays are a way to show how much you care about others, sometimes through gift giving. However, breaking the bank is not advisable. Be smart and utilize these great strategies to make the most of your holiday spending, and don’t forget to enter the National Debt Relief Holiday Cash & Dash Sweepstakes. Get ready, set, Cash and Dash!