- Personal Finance
- How to Save Cash (and Coins)
How to Save Cash (and Coins)
Published: December 24, 2015 | Updated: April 22, 2021 | Posted by: Carlo Miguel Castañeda | Personal Finance
Published: December 24, 2015
Updated: April 22, 2021
Posted by: Carlo Miguel Castañeda | Personal Finance
In spite of the Season’s joy and cheer, Christmas is celebrated with a wave of holiday spending that is greatly felt through one’s wallet. Everyone’s excited about the gifts, the parties, and all of this often becomes synonymous with having to deal with massive traffic jams just to get around.
Still, we need to save some cash (and coins) for New Year’s Eve, so keeping your pockets lined in the midst of Christmas rush is crucial. The superstition is that having money around as the New Year rolls in means a financially prosperous year ahead.
For the most part, there is going to be quite a bit of spending in the last few weeks of the year, but here are few ways you can keep your budget relatively composed during the season. Here are a few ways to save cash and coins before 2016 hits
Table of Contents
Go for DIY
Gifts can be wrapped for you as you buy them, it’s a fact. Why spend hours wrapping a present when someone can do it for a fee? During this Season, you can make “It’s the thought that counts” more than just a cliché, especially if you’ve got the hands for it.
Make the gift giving as fun as receiving it. Put yourself in the shoes of whoever is receiving the present. Pay close attention to the receiver’s interests. How about a personalized knitted purse in your friend’s favorite color, or home-baked goods for someone with a sweet tooth?
A trip down memory lane
As mushy as it may sound, giving something that holds a particular place in both the giver and recipient’s memories makes it just a little bit more special. This works best for the closest, oldest friends and relatives. Make a scrapbook for them with photos, mementos, and a few words on each memory. Leave pages blank so that they know you plan on making even more memories together.
Pay it forward
If you want to skip material gifts, give the gift of good deeds! Help your parents clean up the problem areas of the house, or treat your friends to drinks, or something you’re all into. The thing to remember is that you’re replacing a material item with an experience you know the recipient will love.
You could also donate to your chosen recipient’s favorite charity in their name, or organize a party for the less fortunate in your neighborhood.
Ditch the wrapping paper
Save a good amount of money by skipping the gift wrapper. It’s only to-dump anyway when the gift-giving is over. Go for something recycled and reusable such as gift bags or get creative with newspaper. Or scour your home and office for cheaper gift wrap alternatives and spruce it up with the right accents.
Forget about buying a ready-made Christmas greeting cards and postage stamps. There are apps and websites that allow you to make personalized greeting cards for the holidays. You can even make GIFs or videos to share to your friends and family.
Spend your bonuses wisely
Don’t jump the gun and splurge it on your wish list right away! Yes, you can buy yourself something, but it would be unwise to spend your bonuses all in one place.
It’s ideal that you set some of the money aside for saving or any financial goals you may have. If you have debt, then it might be prudent to get that out of the way.
Between your days off, other family obligations, and all the hiccups of the holiday rush, time is more important than ever. Plan ahead when you go out. If possible, make an itinerary on what and where to buy before you head to the shopping mall. Be strategic and wise on buying. Choose a store where you can find everything you need to purchase.
After putting up with the usual holiday mayhem, don’t forget to Reason of the Season. Take your much-needed time to recharge, reflect on the year you’ve had, and prepare for the year ahead.
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