5 Ways to Save During the Holidays

Brought to You By our Partners at College Ave Student Loans

For many people, the holiday season is one of the most fun times of year. There are parties to attend, family members to see, and gifts to give – and receive! However, it’s easy to go crazy spending money if you’re not paying attention. To help you stay frugal during the seasonal festivities, our partners at College Ave Student Loans put together a series of money-saving tips.

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1. DIY, DIY, DIY.

 

This might be an obvious tip, but it’s important. Whether you’re looking for a gift for someone close to you or trying to get your decor into the holiday spirit, crafting something yourself is often a cheaper option. Really think about what you’re looking for and hit up Pinterest and Instagram for ideas and tutorials.

 

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2. Save on socializing.

 

Meeting up with each of your friends for dinner or a coffee adds up pretty quickly. Find ways to catch up with everyone without spending your hard-earned money each time. Invite your pals over for a movie night or look up free activities in your area.

 

3. Cut down your gift list.

 

This tip isn’t meant to sound Grinch-worthy, but it’s important not to go overboard with your gifting. After all, the holidays are about so much more than presents. Rather than buying gifts for your entire group of friends, suggest a “Secret Snowman” approach instead. Check with your significant other to see if they’d be cool with spending a day doing fun – and inexpensive – activities, rather than splurging on expensive gifts year after year. That goes for family members, too!

 

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4. Cut those coupons.

 

Don’t buy a thing without first checking for a coupon or promo code. Whether it’s a significant discount, free shipping, or just a few dollars off, the savings add up over time. Check sites like RetailMeNot, eBates, and TopCashback for promo codes, cash back opportunities, and other deals. Don’t be afraid to ask store employees about any holiday discounts or special promotions in the store either.

 

5. Plan.

 

Getting organized – even just a little bit – can be a tremendous help during this hectic time of year. Working off of a set list of gifts will help you leverage deals and discounts as you come across them, and setting a budget for yourself will help you avoid overspending. Also, take into account holiday parties or other events that will require you to pony up some extra cash so that you’ll have money ready when they arrive.

 

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How do you save during the holiday season? Post a comment below with your tips!

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