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8 Easy Ways to Get More at Christmas from Your Money

by Jim ONeil on January 19, 2011

in Personal Finance Tips

8 Easy Ways to Get More at Christmas from Your Money

You will be able to save more if you start saving early this year. Given below are top 8 tips that will help you get more this Christmas for less:

1.    Plan Clearly How You Will Pay for Your Purchases

If you purchase things this Christmas with high interest credit cards, you will only have to pay a lot more in interest. The best thing to do is to decide which would be the best way to finance your Christmas up front.

This could mean that you may have to cut back on some of the luxuries ahead of time in order to increase your budget for Christmas, turn to savings or apply for a free credit card. Deciding how you will pay for the  holiday season and setting up a practical budget right now will ensure that you wont have to deal with debts in January.

2. Start Right Away

Though it may seem to be a little absurd to start visiting various shops, if you start your shopping for the holiday season early you will be able to get a lot more for the same amount of money. Not only will you have more time on hand to set up a budget and make plans about what you want to buy for your family members, you will also be able to ensure that you will be able to get all your gifts for the lowest possible price so that you don’t have to end up penny less in January.

Another advantage is that by the time Christmas comes, you will be free from all your worries and would be able to enjoy the festival better rather than rushing around to different stores at the last moment.

3. Shop Around

No matter what you plan to buy, gaming consoles, bubbly, perfume or DVDs, it does not make sense to pay any more than what you really have to. It is important that you shop around for every single thing this Christmas. Compare the prices at various shops for anything that you plan to buy, whether you are buying from the local stores or online.

If you use a smartphone then you can download a barcode scanner for price comparison like Redlazer for iPod and iPhone. What this means is that you will be able to check if any other shop is selling the product for less while you are shopping. Consider negotiating if you are purchasing a sizeable amount of things. You don’t really have to be embarrassed to haggle since there is nothing to lose and you may get a good discount in the process.

4. Look for Discounts

Even if you have found the best possible price for an item that you are planning to purchase, it would be a good idea to see if you can get the price slashed further. Most retailers release their discount vouchers regularly in order to give you an extra discount whenever you are shopping in local stores. Even the online stores offer voucher codes. Develop a habit of checking if there are any discount vouchers available before you go to town for a shopping expedition. Another great idea is to keeping checking online updates about your particular city or town about discounts and sales offered at various stores.

5. Check the Pre-Christmas Discount Sales

The best time to shop is from mid November when most stores will have their pre-Christmas sales. If you really want to buy more for less this is the right time to shop. Most retailers and stores have these discount sales so it is a great time to purchase your gifts when they are available for lower prices.

This is also the right time to get crackers, cards and gift wraps since all of this would be available on offers.

6. Consider Getting Cashback Credit Cards

If you already have savings that can cover all your Christmas shopping outright, then the best thing to do would be to get a cashback credit card. This will allow you to get something back every time you spend your money. Deposit your money in your savings account and clear your balance in January so you can earn a little on it through interest too.

However, it is very important to remember that you must only use cashback credit cards if you are quite sure that you will be able to pay off the full balance as soon as you get your first statement. The interest that you will have to pay otherwise would be very high.

7. Take the Benefit of Loyalty Points

You may have earned quite a lot of loyalty points as you spend money at different stores throughout the year. This is the right time to use these points and cash them in. You might just be able to purchase something you want without having to pay anything at all. Along with using loyalty points, you must also look for any special bonus and discount points that may be available to you as a card holder. Though it may not amount to much, every little bit will count!

8. Order Your Food Online

Going out to the supermarkets before Christmas is like a disaster. Even if you do have a shopping list, it is possible that you may buy a lot more than what you intend to. The marketing tactics, holiday crowds and the chaos combine to create a magical effect where you may load up your trolley with a little too much of unnecessary food.

Instead, order your food online and there would be a better chance for you to stick to your budget as well as your shopping list. This would be a good way for you to save some money. Book your delivery slot well in advance so that you get the most convenient and cheapest delivery time. Mysupermarket.com is one of the websites where you will be able to learn more about which supermarkets will allow you to cook through your Christmas for lower money.

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