Saving Money Before the Holidays

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It’s that time of year again. The leaves are changing, the temperature is dropping, everyone is wearing heavy coats and scarves. And the holidays are coming. 

The holidays seem to come faster and faster every year, and saving for the holidays gets harder and harder. From decorations to gifts to all the different kinds of food, the amount of money we spend during the holidays grows each year. 

If you start prepping early, you can easily save the money you need before the holidays hit. And you’d be surprised how simple it can be to save money on things you haven’t even thought about. 

Here are some of our favorite ways to save money before the holidays take over. 

  1. Cut your cable bill. If you’re still paying for cable, consider cutting your cable and relying on your streaming services instead. Not only are streaming services cheaper than traditional cable, you often get the same shows and movies as with cable, but at a better price. You might need to do a little research on which services will cover all your TV watching needs, but it’ll help you save. 
  2. Take advantage of public transportation. Cabs and ride shares are everywhere in New York, but so are buses and subways. Adjusting your schedule so you can use public transportation to get you to and from work can help save you a bundle. 
  3. Embrace the grocery store. Planning your meals for the week and limiting dining out will help you cut back on your weekly food budget, giving you more money for your holiday food budget. And make sure you sign up for your grocery store’s loyalty program to save even more. 
  4. Compare before you buy. Whether it’s your home staples or gifts for your friends and family, shopping around will help you save. Look for sales, discount codes, and wholesale retailers to help you find a better price. Don’t forget to ask about price-matching.
  5. Learn to DIY. We’re not necessarily suggesting you learn how to do your own plumbing or electrical work, but knowing how to fix a leaking sink faucet or finding a YouTube tutorial to make your holiday decorations out of things you already have can increase your gift budget. 
  6. Look for bank account perks. If your current bank has monthly fees, it’s time to change. Look for bank accounts with lower or no fees, higher interest rates, and sign-up bonuses. There’s no guarantee that another bank will have better rates or fees than what you have now, but it never hurts to look. 
  7. Sell your dusty collectibles. Do you have Beanie Babies or old comic books that you once collected but are now gathering dust? Do you have some designer duds that you never wear anymore? Consider selling them online to make some extra cash. 
  8. Hide your credit cards. If you have a habit of using your credit card for every purchase, put your credit cards away somewhere safe and rely on cash for your purchases. It’s much harder to part with cash than it is to swipe a credit card, and you’ll be surprised at how quickly you’re able to save. 
  9. Get a library card. Books, DVDs, music — the library has it all and more. And the best part of it all is that they’re free. Consider joining your local library and getting those books you want to read and movies you want to see without having to pay full price.
  10. Cancel your gym membership. If you never use it, cancel the subscriptions and memberships that automatically deduct from your account each month. Gym memberships, music streaming services, book of the month club. If you don’t use them, cancel them. 

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