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Surviving The Holidays On A Tight Budget

Every year, the day after families sit down and give thanks for all that they have, a countless number of consumers hit the malls and other retail stores in hopes of finding the perfect holiday gift on sale. Black Friday is a long standing shopping tradition, and thousands of people pour over the ads for weeks in advance and map out their plan of attack. Saving money is always a good idea, but rather than try to beat off the crowds, there are some things you can do to help survive the holidays on a tight budget. Many of these tips can be practiced year round, resulting in substantial savings not only in December, but throughout the year.

If your money is tight, you might be worried about how you will give gifts to family members and other loves ones this year. But, it can be done. You can survive the holidays on a tight budget, by sticking to some of these tips:

  • Shop for items when they are on sale; this can include Black Friday; Cyber Monday, or stocking up on smaller items throughout the year from sources like Living Social or Groupon.
  • Download apps that save money, like Cartwheel from Target or the Savings Catcher from Wal-Mart. Many stores participate in a price match with their competitors, and when you have the right tools in your hands, you can save big.
  • Draw names for gifts if you have a large family, agree to buy only for the children, or set a spending limit. While it can be hard to bring up the subject of a holiday budget, you’d be surprised at how many of your friends and family will quickly jump on board once the conversation gets started.
  • Put together frugal, but thoughtful gifts from lower priced stores. You can put together a “spa night” basket for under $10 by visiting most dollar stores. These make great gifts for teachers or caregivers.

The holiday season does not have to be a time of year that breaks the bank. Make a plan, and stick to it to see real results. Remember that it is not the gift that you give, but the thought behind it that counts. Going into debt during December can make seeing loved one stressful, and take the joy out of the season. But, if you do get in over your head, call us for help. We can help develop a strategy for your finances that helps get you out of debt, and puts you on the path to financial freedom.

For more information about debt and debt management, contact our office at We work with you to come up with solutions that work.

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