Hi friends! Christmas is just right around the corner. Have you done your Christmas shopping yet? I’ve done all and I’m going to bake some cookies as homemade gifts for my friends.
It can be an expensive time of the year and I heard a lot about how much money people have to spend to make things happen. Be quite honest, it’s easy to fall into debt if you don’t have any savings and budget.
Today, I wanted to share 5 simple ways to have a debt-free Christmas.
Nobody wants to have a stressful holiday and going deep into debt after Christmas. Want to love and enjoy more this festive season? Here are the things you can do to simplify the holidays and have a debt-free Christmas.
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5 Simple Ways to have a Debt-Free Christmas
1. Set a Budget with a List
If you don’t set a budget, you’ll most likely to overspend in this holiday season because you don’t keep track of what you spend. Set a budget and make a list in your notebook. Write down each recipient, gift ideas and the amount of each item that you’re expected to spend.
In this way, you’ll know where’s your money going. This does not only keep you stay on track financially but also help you not to stress about the debt after the holidays.
2. Get the Best Deals Online
When you set a budget and have a list, shop online. Most retailers now have their online stores and always have the best deals on Black Friday and some special days. Shop around and compare prices, you’ll then save much money on the great deals.
I’m too late to use Ebates. Many of my favorite stores like amazon.ca, Old Navy and Chapters-Indigo are on Ebates. Last time I bought some clothes and accessories at Old Navy and got me 8% cash back. If you’re still not using Ebates yet, go sign up now and save your money.
Related post: 16 Ways to Save Money with a Minimalist Mindset
3. Use Cash Back Credit Card
I like to save as much money as possible. Spending money by using a cash back credit card gives me a significant cash back at the end of the year.
I’m not worried to overspend money with a credit card. When you’ve set a budget with a list, purchase your things online with a cash back credit card will only save you money. Write down the items and amount that you spent in your notebook and keep track of it. Just to keep in mind that not allowing yourself to spend exceed the amount you set.
4. DIY Gifts
DIY Christmas gifts are fun to give and with lots of love. They won’t take you too much time to make. Jen has some awesome quick DIY gift ideas that I can’t wait to try.
I also like to have homemade baked goods and treats for my friends. Using the things that you already have will save you much money and will not break your bank.
5. Potluck Party
Hosting a Christmas party doesn’t mean have to spend a lot of money. Make it a potluck can cut the cost of food. When we throw a potluck party, we provide the main dish and ask each of the family to bring a dish to share.
Doing this will save you a few hundred dollars, spend less time in the kitchen, save you time and less stress trying to do too much in too little time.
What are you doing or planning to do to have a debt-free Christmas? Please share in the comment and I’d like to know.