The most wonderful time of the year can easily become the most stressful when spending gets out of hand. If you want to spend less and enjoy yourself more this season, consider these holiday shopping tips.
Plan ahead for holiday shopping success
It's easy to overspend when you feel like you're racing the clock. Thinking ahead could help you make more informed financial decisions and fewer impulse purchases.
Spread the cost by saving year-round
The holidays can get expensive – setting aside a small amount of money each month may reduce the financial strain of the season. Your bank may let you set up recurring automatic transfers from your checking to your savings account, allowing you to build your savings with less effort.
Make a list
Creating a list before you buy anything can streamline your shopping. Make a list of people you plan to gift this year, along with some gift ideas for each. Organizing the list based on family, friends, coworkers and anyone else you’re buying for may help you prioritize your spending and stay on task.
Shop ahead for must-have items
Buying must-have items, such as gift wrap, early in the year when demand is lower can lead to significant savings. With one less thing on your plate during the busy holiday season, you may also feel less stressed.
Master online holiday shopping
With online shopping, you can tackle your whole gift list from the comfort of your own home. Here are some tips that can help make it even more efficient.
Take advantage of online-only discounts
Some retailers offer online-only discounts to shoppers who subscribe to their email lists. Others list lower prices for certain items on their websites. Where possible, compare the online and in-store prices to determine where you can save.
Use browser extensions
Browser extensions can be an easy way to compare deals and save without much added effort.
Citi Shop℠ is a free browser extension available to eligible Citi cardholders. Citi Shop automatically searches behind the scenes for available offers at more than 5,000 online merchants across the internet.
Read the reviews
Some items may not arrive in time to complete an exchange. You may be able to avoid searching for last-minute replacements by reading customer reviews before ordering.
Smart strategies for last-minute holiday shopping
Last-minute gifts don’t have to stretch your budget. Consider in-store pickup, gift cards and homemade presents.
Look for quick shipping or in-store pickup
Expedited shipping can sometimes be worth the splurge, and some retailers may offer it for free as you get closer to the holiday. However, you may be able to save money – and stress – by starting your gift search with retailers that offer same-day store pickup.
Go for gift cards
When you’re short on time, gift cards may be a quick solution. You may be able to send a gift card directly to someone’s email or print it out at home.
Consider DIY gifts
Adding a homemade treat or craft can be a simple way to make a last-minute gift feel more planned. Many people enjoy receiving them on their own, too. Buying supplies in bulk and creating several similar custom-made gifts could save you time and money.
