You made it through the pre-holiday season, and you’re hopefully managing to stick to your budget!

You might have crossed off every gift on your list, booked your airline tickets, and even finished wrapping your presents, but it’s not over until it’s over. Sudden holiday expenses have a way of sneaking up on you when you thought you were finally done.

Don’t fret yet! We’ve got tips to help you keep your budget intact, even as last-minute costs creep into play.

1. Set and stick to a budget

At the start of the season, create a full list of everything you’ll spend in the months ahead. Be sure to include everyone you want to give a gift to as well as all costs of travel and hosting as appropriate.

Once you have your expenses written, assign a dollar amount you’re willing to spend to each item to know exactly what you plan to spend. Then stick to those amounts to ensure you can get through the season without breaking the budget.

If it’s too late for this year, take note of last-minute expenses that pop up before the holidays so you can put them on your holiday budget for next year. Many consumers open a Holiday Club Account as early as January to start planning for next year’s holiday season. This is a great option to start saving and help you avoid running up a credit card bill next year.

Tip: Keep track of receipts and track to make sure you’re sticking to your budget and adjust as needed.

2. Take advantage of last-minute deals and sales

Many retailers slash prices on gift items like electronics, clothing, and toys during flash sales, clearance events, and last-minute coupon promos just before the holidays. Subscribing to retailer email newsletters or using price-tracking apps to alert you of last-minute bargains.

Tip: Check out online marketplaces for the “deal of the day” promotions or visit discount retailers for lower prices.

3. DIY gifts for a personal touch

Make it personal with something homemade. You can gift something simple yet heartfelt, like baked goods, crafts, or pictures. These gifts can be personal, memorable and super-affordable compared to store-bought alternatives.

Tip: There’s no need to give this option a pass just because you think you’re not crafty. There are many online tutorials for easy homemade gifts you can create from items you likely have at home, as well as recipes you can follow.

4. Limit gift-giving

If your nice list keeps growing like a cat’s curiosity around a stack of presents, it’s time to cut back. To avoid hurt feelings, suggest a Secret Santa or gift exchange so people only need to get one gift instead of something for everyone.

Tip: Set a spending limit for the gift exchange to ensure everyone stays within a budget.

Need help finding a last-minute gift? Skip the lines and conveniently visit any MSGCU branch for a Visa gift card or cash to complete your holiday shopping.

5. Plan ahead and buy in bulk

If you’re hosting during this season, plan your meals and buy groceries in bulk to keep costs down. You can pick up various menu items and staples as they go on sale in the weeks leading up to the holidays.

Tip: View online catalogs before you go out and shop around for the best prices on every item on your menu.

Yes, it’s possible, you can still make it to the holidays with your budget intact!

Category: Holiday & Fun