How to Save on Holiday Spending

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During the holidays, many people search for ways to spend less and purchase more. In the quest for searching for the cheapest cost on an item in stock, many consumers drive endlessly around town. In many instances, people end up spending more than intended for the holidays. Here are a few tips to help you save money on your next holiday spending spree.

Create a Plan for Buying Holiday Gifts 

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Shop for gifts that are cheap in price but high on quality. Take time to save money by searching online retailers for great deals on gifts. Make it a point to compare prices by using Google and shopping comparison Web sites (such as shopzilla.com) to help locate other Web sites and stores that carry the same item. 

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Create a holiday spending budget. By setting a budget and sticking to it, the amount of money you save will increase. It is best that you set aside money throughout the year to spend during the holidays. 

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Set a limit on how much a gift should cost and make sure everyone on the list knows about it. This will not only help to save you money, it also encourages others to do the same. 

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If you build, create, or decorate with skill, try making your own gifts. The purpose of giving gifts is to show love and care. Homemade scrapbooks, albums, picture frames, or knitted scarves and gloves make good gifts. Mixed CD's made from a computer playlist, a digital slideshow with carefully planned pictures, or even a living plant can be thoughtful items that show how much you care. 

Shopping for Holiday Gifts 

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It is a great idea to start shopping for the holidays early in the year. Most stores have clearance and overstock specials immediately following the holidays. Wrapping paper, tape, and bows can be purchased at deep discounted savings of 50% or more. Many stores host shopper sales the day after Christmas and Thanksgiving. 

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Keep your mind open to suggestions from family members and friends regarding what they desire. It is best that you write these requests down and search early for deals that may occur throughout the year. However, do not forget about your budget. 

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Get into the habit of pricing holiday gifts online or by phone. Browsing for gifts online not only can help save you money, but can also help inspire you to purchase less expensive items.  Many major retailers such as Best Buy and Target offer online savings not found in stores. If the store that carries the item you are looking for does not have a Web site, use your telephone and call to get a price quote. 

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Don’t forget about store coupons and email coupons. Nowadays, excellent savings can be found from coupons printed in newspapers or direct mail. If you have favorite stores you frequently visit, it may benefit to sign up for their newsletters. These stores may email coupons, send coupons to your cell phone, or give promotional codes. 

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Begin researching online sites that offer free shipping 2-3 months before the holidays. A few online retailers offer free shipping. MyBargainBuddy.com is a Web site that lists product information, coupons, and free-shipping services. 

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When shopping for gifts online, make sure you do not forget about sales tax, shipping and handling, and other fees. The prices found online can seem like a great deal - until you notice the amount you are spending in fees. Make it a habit to read product descriptions thoroughly to ensure you are not paying extra. 

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Look for creative ways to use reward points. Most airline frequent-flier programs allow you to convert miles traveled into magazine subscriptions, dining certificates, or electronics specials. Check the benefits your credit cards offer to see if there are special deals or cash back offers.

Holiday Cooking and Entertainment 

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Refrain from cooking too much food. To ensure that you do not spend too much on food, set realistic estimates for the amount of food you and your guest(s) will be eating. If there are leftovers, prepare 'to-go' plates for your guests. 

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When cooking by stove or oven, time it so you can cook everything at once. Cakes, pies, and meats can sometimes be combined to cook all at once in the oven. You can also use the heat from your oven to warm food you would normally put in the microwave. 

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If you are shopping for a group of people, try buying everything in bulk. Sam's Club, or a similar discount warehouse store, is perfect for shopping in bulk. Buying in bulk can make a huge difference in holiday savings. Wine, rice, bread, meats, and paper products are usually available in bulk.

Save On Holiday Traveling 

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Many people plan trips during the holidays. Places like Orbitz, Travelocity, and Expedia offer savings for hotel rooms, car rentals, and airfare travel. However, there are other places for you to find specials. Each Web site has different agreements with travel suppliers, so it pays to research all of them for the right price.

Additional Resources 

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Check major online retailers such as Amazon.com and Overstock.com for tremendous savings. 

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You can also check coupon sites such as CouponHut.com, MonkeyBargains.com, and Savester.com for coupons that can be printed from your printer. 

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Check Kayak.com for price comparisons from over 140 travel arrangement web sites.

 
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