November 2016

Three Easy Ways to Save Money This Holiday Season

The holidays can be a wonderful time of the year, but they can also provide unnecessary and unwanted financial stress. Whether you celebrate Christmas, Hanukkah or any other such holiday, gift giving has come to be expected. While this season-inspired generosity isn’t necessarily a bad thing, it can be a difficult experience for people who already have excess credit card debt as well as those who struggle to make ends meet throughout the year.

In addition to gifts, holiday parties can be another culprit of excessive holiday spending. Hosting people is always expensive, but can be especially pricey during the holidays when friends and relatives are expecting you to provide all the food, drink and merriment out of your own pocket.

By the same token, there are also high costs associated with traveling to visit family and friends out of town. Considering the societal expectation for people to do and purchase expensive things, it should really be called the season of spending instead of the season of giving. That being said, there are things you can do to help alleviate the potential financial burdens and pitfalls that accompany the holidays.

Setting a Budget

Figure out how much you can spend on everything holiday-related including gift giving, travel, holiday parties, food and beverages and decorations. Once you arrive at that figure, break it down into how much you can spend in each category. Make a list of everyone you will be purchasing gifts for and figure out how much that will cost you as well.

Doing Research Before Purchasing

Once you have determined which gifts you plan on purchasing, the next step is to do your research, or shop around to find the best deals. For more expensive items, be sure to check out several reviews to make sure what you are buying is actually worth the money. There are also apps you can use to find out which stores have the lowest prices. Many online retailers offer free shipping for the holidays, and December 16 is Free Shipping Day for many online stores (with delivery guaranteed by Christmas Eve).

When shopping in person, take advantage of price-matching offered by many big-box stores.

Getting a Seasonal Job

This one might sound dreadful at first, but if you are a student, stay-at-home parent or retiree you might seriously want to consider picking up a temporary seasonal job at a local retail store. Most stores hire extra help for the holiday season, which will put more money in your pocket and offset the heavy expenses of the holiday months.

Other added benefits include in-store discounts you can use to do your shopping, which could actually significantly reduce the price of all those gifts. Plus, being on your feet all day might help negate the effects of all those holiday treats.

Financial Help from Havner Law Firm

If you already struggle to make ends meet and don’t know how you’re going to give your family the holidays they deserve because of your financial situation, consider contacting the Havner Law Firm. You’re not alone if holiday purchases pushed your debt to the point where you can no longer maintain your everyday living expenses and pay off your credit card(s) or loans.

If you’re ready to get out from under the burden of excessive debt and creditors, consider making it your New Year’s resolution to get debt-free with the help of our bankruptcy attorneys.

Give yourself the gift of financial freedom this holiday season, contact Kyle Havner, the experienced bankruptcy attorney at Havner Law Firm in White Hall and Little Rock for a free initial consultation.