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saving

Nov 25
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9 Money Saving Tips for Black Friday Shopping

By Money Management, Shopping 2 Comments

Being stuck in the Black Friday and holiday shopping frenzy can be a hassle. Overcrowded stores, bait and switch ads, and overpriced “deals” are not only stressful but can cause a major blow to your household budget. To protect you and your pocket book from the Holiday Shopping Hustle, here are 9 Money Savings Tips for Black Friday Shopping.

Avoid Peer Pressure Purchases

When shopping with family and friends, be careful not to fall into the trap of Keeping Up with the Purchasers. Just because your shopping cohorts are shopping like crazy doesn’t mean that you can afford and have to. Walk away if the temptation becomes too much.

Beware of Bogus BOGOs

Buy One Get One offers for items that you had no intention of buying are budget busters. Protect your cash flow by only getting the BOGOs that are on your shopping list.

Create Your Santa’s List

After establishing your holiday buying budget, instead of making a list of gifts to buy, create your Santa’s List of family members & friends that will get gifts. Everyone does not have to and should NOT Make The List. Send those who were naughty holiday cards.

Ditch the Debit and Credit Cards

Using credit and debit cards can cause overspending, especially if you don’t keep track of the cost of every transaction. Use CASH to protect your holiday buying and household budget.

Have the “Gift” Talk

Have a conversation with other adult family members to only purchase gifts for kids under 18 years old or, to set a limit of a certain amount, like $20, to pay for gifts for the adults. With this economy, everyone will more than likely understand and appreciate the suggestion.

Know Your Limits

Set the maximum amount that you can afford to spend on holiday gifts before going shopping. Your holiday shopping budget is the amount you have saved or can save between now and the big holiday. Remember, if you can’t save for it, you probably can’t afford to borrow for it.

Stop Brand Name Dropping

The biggest Black Friday budget busters are Name Brand gifts. Not everyone deserves the VIP (Very Impressive Present) treatment. Some people deserve and will be just as happy with the generic or store brand gift.

Support Small Businesses

Avoid the headache of the holiday shopping frenzy by shopping at small businesses in your community. As a gift to family & friends that sell products and services, buy gifts from them for others. Take advantage of the great deals the day after Black Friday during Shop Small Business Saturday.

Visit Virtual Businesses

Get great buys from businesses with online or virtual stores. You will save money, time and avoid the holiday shopping frenzy. Most retails stores and small businesses have special deals on the Monday after Black Friday during Cyber Monday. Also, start shopping a few weeks before the big holiday to avoid paying for expedited shipping.

Holiday shopping doesn’t have to be stressful if you follow these money saving tips. Happy holidays and remember to Spend Responsibly.


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Originally published November 25, 2014

Jan 01
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How to Save About $1400 With This Easy 52 Week Savings Challenge

By Money Management, Saving No Comments

Have you, or someone you know, ever wanted to save over $1,000 in a year?  YOU CAN!!!

You can save about $1,400 easily by following this simple and affordable 1 Year Savings Challenge.  The best thing about this challenge is that you can choose your way to save!

So, whether you get paid weekly, biweekly, semi-monthly or monthly; below lists the amounts to save so you will end up with almost $1,400 at the end of the year.

Image this … within 52 weeks you will have saved up money towards emergencies savings, a vacation, a down payment for a new car, paying off a small debt or for Christmas gifts.

Saving is easy and fun with this 1 Year Savings Challenge.

It’s even more fun when you get the whole family involved.  Have a contest with your spouse and/or children of how much money each person can save. The winner gets a special reward and recognition every month or quarter to keep the momentum going!

Here’s how the challenge works.

Simply save $1 for the first week, $2 the second week, $3 the third week, etc., until week 52. If you get paid biweekly, save $4 for the first pay period, $8 the second pay period, $12 the third pay period, etc., until the 26th pay period. Get the picture?

Save More This Way

To save more at the beginning and faster, simply do the challenge in reverse.  Start with saving $52 the first week, $51 the second week, $50 the third week, etc.  The same with any plan you choose based on your paycheck frequency.

RELATED:  Cool way to automate your Savings for the 52 Week Money Challenge.

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