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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Allison
AllisonKnowledge Seeker
Asked: August 20, 20232023-08-20T20:53:39+00:00 2023-08-20T20:53:39+00:00In: Money & Business

How can we save money during festive period or season?

December is drawing closer which is the festive period or season. Please guys let’s be wise, let’s try and save our money during this season. How can we easily save money during the festive period or season?

festive period or seasonsave money
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5 Answers

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  1. Eminado
    Eminado Active Contributor
    2023-08-21T18:32:04+00:00Added an answer on August 21, 2023 at 6:32 pm

    Things is always cost during festive period which can make it complicated to save money, so I think to save money during the festive period, consider setting a budget, making a shopping list, and looking for deals or discounts, you can also try DIY gifts, plan potluck gatherings, and explore free orRead more

    Things is always cost during festive period which can make it complicated to save money, so I think to save money during the festive period, consider setting a budget, making a shopping list, and looking for deals or discounts, you can also try DIY gifts, plan potluck gatherings, and explore free or low-cost activities to celebrate.

    Remember, prioritizing experiences over expensive items can also help you save.

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  2. Abigael
    Abigael Trusted Adviser Abigael
    2023-08-21T09:49:56+00:00Added an answer on August 21, 2023 at 9:49 am

    There are several ways to save money during the festive season. One of them is through doing festive shopping early enough. At least when the season is not so close, things have not gotten expensive yet. Now is the right time to buy clothes, decorations and gifts for that festive season. You can alsRead more

    There are several ways to save money during the festive season. One of them is through doing festive shopping early enough. At least when the season is not so close, things have not gotten expensive yet. Now is the right time to buy clothes, decorations and gifts for that festive season.

    You can also save through bulk shopping during the festive season. Buying foods, gifts, decorations and other things in bulk makes the price lesser than buying in small quantities. You can even buy bulk in wholesales as those are cheaper than retail buying several things.

    Another way is to celebrate in groups. Each individual or family can contribute towards a festive season kitty that will serve the whole group. I find group celebrations to be much cheaper because of cost sharing.

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  3. freelancermaria
    freelancermaria Newcomer
    2023-08-21T13:15:01+00:00Added an answer on August 21, 2023 at 1:15 pm

    Saving money during a festive season can be quite hard, but with the right techniques, you can still have a great time without hurting your pocket. Make sure to plan ahead of time. Doing so will allow you to do price comparison and get the best discounts when you go shopping. Create a budget and stiRead more

    Saving money during a festive season can be quite hard, but with the right techniques, you can still have a great time without hurting your pocket. Make sure to plan ahead of time. Doing so will allow you to do price comparison and get the best discounts when you go shopping.

    Create a budget and stick to it. Know how much you are willing to spend on decorations, gifts, and whatnot. Sticking to your budget will avoid overspending or impulsive purchases.

    Use cash when shopping. When you use the only cash you have, you won’t be tempted to pay through the nose. You can use your debit card, too.

    Try to re-gift the unused gifts you received during the Holidays or your birthday. Make sure, though, that they are still in excellent condition.

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  4. spencer
    spencer Enlightened Mentor
    2023-08-22T21:56:57+00:00Added an answer on August 22, 2023 at 9:56 pm

    To save money during a festive season demands you to make a budget, without a well thought out budget on how much money will e spent it'll be hard to be able to save any amount, you can save from the Budget before the festive season gets into a full swing. Do you know there are some apps that makesRead more

    To save money during a festive season demands you to make a budget, without a well thought out budget on how much money will e spent it’ll be hard to be able to save any amount, you can save from the Budget before the festive season gets into a full swing.

    Do you know there are some apps that makes savings easier for you and you can use them to figure out your expenses, check playstore and experiment to find out the ones that works best for you.

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  5. yusra
    yusra Trusted Adviser
    2024-03-11T21:41:39+00:00Added an answer on March 11, 2024 at 9:41 pm

    Here are some tips to save money during festive seasons: Make a budget and stick to it. Determine how much you can realistically spend on festivities and gifts ahead of time. Track your spending to avoid overspending. Shop early and look for sales. If you shop well in advance, you can keep an eye ouRead more

    Here are some tips to save money during festive seasons:

    • Make a budget and stick to it. Determine how much you can realistically spend on festivities and gifts ahead of time. Track your spending to avoid overspending.
    • Shop early and look for sales. If you shop well in advance, you can keep an eye out for bargains and discounts both online and in-stores. Sign up for email alerts about sales.
    • Use coupons and cash-back apps when shopping. Look for promo codes and printable coupons for both online and in-store purchases. Apps like Rakuten can get you cash back.
    • Buy generic or dollar store versions of decor items. You can find festive decor at discount stores for much less. Stick to a color scheme you already have items for.
    • Make homemade gifts like baked goods or DIY crafts. It’s more affordable and thoughtful.
    • suggest Secret Santa gift exchanges to limit the number of people you need to buy for. Draw names so each person buys one gift.
    • Take advantage of free activities like public tree lightings, caroling events or holiday parades.
    • Travel during off-peak days and times to save on airfare if visiting others.
    • Limit eating out and expensive ingredients. Cook festive foods at home on a budget.
    • Use credit card rewards to offset seasonal expenses.

    Getting into the festive spirit doesn’t have to break the bank. Planning and savvy shopping can help save money.

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