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Penny-Pinching for the Holidays? 4 Ways to Get Your Budget in Order

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With the holidays approaching, you’ll want to get your budget in order as much as possible so that you won’t have to go broke just to celebrate the season. Thankfully, there are many methods and resources that can help you in your quest to save money for the holidays. Here are a few great tips for getting your holiday budget in order.

Budget for Gifts in Advance

Knowing how much that you plan to spend on each person will help you set aside enough money to do your gift shopping. It’s best to designate a certain dollar amount that you plan to spend well in advance so that you can budget accordingly. Some gifts might cost more than expected, and setting aside some extra money will be to your benefit if you go a little over budget.

Work with a Financial Planner

A professional who specializes in financial planning can help you create a budget that will make managing your spending easier. The best financial planners take many factors into consideration when creating budgets and know how to offer each client personalized service. A qualified financial planner may even be able to identify tax deductions that can reduce your tax expenses so that you’ll have more money to devote to the holidays.

Keep Gifts Small and Personal

You don’t have to spend a lot of money on expensive and elaborate gifts just to show the special people in your life how much you care about them. Oftentimes, gifts that are small and personalized are the most memorable and can warm people’s hearts. Photographs that feature special friends or family members can be used to create personalized coffee mugs, wall portraits, calendars or other memorable keepsakes. You can also try making your own personalized jewelry, paintings or other crafts to give as gifts.

Reuse Old Decorations

Instead of buying new decorations, consider using old ones to give your home some holiday cheer. Christmas tree ball ornaments and tree toppers are among the holiday décor items that are usually made to last for many years and can be reused continuously each season. If you’d still prefer having new decorations in your home, you can try making your own inexpensively using items like leaves, pinecones and holly. By finding ways to get your holiday budget in order, you’ll be able to get more enjoyment out of the season without spreading your finances too thin. With the right planning, you’ll see that it’s possible to get through the holiday season and avoid going into debt.


Meghan Belnap is a freelance writer who enjoys spending time with her family. She loves being in the outdoors and exploring new opportunities whenever they arise. Meghan finds happiness in researching new topics that help to expand her horizons. You can often find her buried in a good book or out looking for an adventure. You can connect with her on Facebook right here and Twitter right here.


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