Everything you need to know about insurance basics, like coverage types, limits, cost and more.
14 Holiday Shopping and Budgeting Tips
The holiday season is a time for creating cherished memories with loved ones. But sometimes it can feel like a Black Friday mad dash to check out — and the result? A major drain on your holiday budget. Managing your holiday savings is the key to keeping holiday shopping fun. To help you keep your focus on fun, we've come up with 14 budget-friendly shopping tips to help you save money during the holidays.
Black Friday Shopping on a Budget Tips
Black Friday is typically when you can find the best shopping deals of the year. It’s a great time to stay within your budget and cross names off your holiday shopping list. Here’s how to best leverage Black Friday deals while shopping on a budget. To keep the safety of others in mind this year, try to shop online instead of in stores as much as possible.
1. Plan and research deals
Most retailers release Black Friday ads well in advance of Black Friday. Use these ads to compare prices and determine where you can find the best deal. Also be sure to have lists for everyone you need to shop for in advance too.
2. Coordinate with others
If you’re able to recruit a family member, divide and conquer together. That way you’ll have a better chance at scoring online deals as soon as they go live. Having someone to help can also ensure you don’t go over budget and can check in on deals throughout the day.
3. Don’t get carried away
It’s really easy to end up buying more than you anticipated on Black Friday because of all great deals. Resist the temptation, and only buy what you need for holiday gifts. There will be plenty of opportunities later to find great online deals for things you may not need.
4. Leverage Cyber Monday
Miss out on Black Friday deals? There’s always Cyber Monday. This is the Monday that follows Black Friday, and it’s all about online deals on sites like Amazon. It’s a great time to wrap up your holiday shopping or score some deals you may have missed on Black Friday.
How to Stay on a Budget During the Holidays
It may seem impossible, but you can budget holidays with a little planning — and it doesn’t have to be hard. Before you start shopping, it’s important to decide how much money you can spend and set expectations accordingly. That way you, and hopefully whomever is receiving your gifts, won’t be disappointed. Here are easy ways you can start saving:
1. Make a holiday budget
Holiday budgeting is one step toward controlling the desire to spend this season. The second step is sticking to the budget. Give yourself a little flexibility, so it’s still fun, but keep your limits in mind.
2. Skip regular entertainment expenses
This year it may not be safe to book a flight to visit friends or attend holiday parties. Practice social distancing and choose safer, less expensive activities. Instead of your regular entertainment, make this a time to stay in and try new recipes while watching classic films on TV.
3. Choose a thoughtful gift
An expensive gift is nice, but one that comes from the heart and “speaks” to the recipient is truly cherished. Resist the urge to buy last minute big items. Instead, shop ahead of time with intention.
4. Give a handmade present
Put your individual skills and talents to use and make as much as you can this season. From holiday decorations and gifts to delicious treats. Let your star shine bright and show others what you can do. Check out these DIY craft projects for inspiration.
5. Try a gift-giving game
If you have a large group, skip buying individual presents for everyone and try a present game like White Elephant or Secret Santa. Set a reasonable amount for everyone to spend and then pick a holiday game to play. Who knows, you may just create a new holiday tradition while saving big!
Want to learn more ways to save? Check out our easy tips to keep your budget on track.
Budget Holidays the Right Way With These Tips
While browsing online for the perfect gift, keep the following tips in mind. Remember, don’t procrastinate and keep an eye on your spending to make sure you’re staying within your budget. If shopping in-stores this holiday season, remember to maintain social distancing and be mindful of current safety recommendations.
1. Add your name to your shopping list
Too often we go shopping for others and wind up with goodies for ourselves. By putting your own name on the list, you are giving yourself a well-deserved present and resisting the urge to impulse buy.
2. Use coupons
When shopping online — always search for coupon codes. There are discounts everywhere during the holidays, but planning a shopping trip based around coupons takes a little effort. If you’re willing to invest the time, your wallet will reap the rewards.
3. Ask for a discount
Whether you’re shopping online or in a store— ask if there’s a discount or coupon. You’ll find that the checkers in stores frequently hold coupon codes at their station but don’t use them unless you ask. When buying online, use the chat feature to ask if they can give you a discount.
4. Try weekly ad and coupon apps
Research apps to find one that helps you find deals at the stores and online. Many of these apps can help you find online coupons right away. A few apps you may want to start checking out are: Flipp, Shopular, and ShopSavvy.
5. Go back and get the sale price
Many of the bigger retailers will honor sale prices if you bought the item at full price within a certain number of days from your purchase. Keep your receipts and watch for deals.
As an added tip, shop this year’s sales for next year. It never hurts to take advantage of those deep discounts that the stores offer immediately after the holidays. Not only will you save money, but you’ll relieve some of next year’s shopping stress. And that makes the holidays just a little more joyful!
Bundle and Save on Insurance Costs
While saving for the holidays, make sure you're saving on your insurance too. With American Family, bundling your car and home insurance could save you up to 23% on your auto and homeowners coverage together.* Connect with your American Family Insurance agent to learn more and to make sure you’re getting the best discounts and savings.
*Customers who bundle auto and home insurance policies may save up to 23% on both policies together (as of October 2021). Discounts may vary by state, property, policy form and company underwriting the auto and/or home policy. Discounts may not apply to all coverages on an auto or property policy.
This article is for informational purposes only and includes information widely available through different sources.