6 Shopping Mistakes to Avoid this Holiday Season

The Holidays are almost here! But even with Christmas songs playing all over town and holiday deals and promos abound, many still choose to cram and endure the holiday shopping rush. As a result, they overspend and go beyond their allocated Christmas budget.

It’s not the holiday spending that’s bad. It’s the overspending that causes unnecessary stress. And if you’re not careful enough, too much shopping can blow your budget and leave you and your wallet in dismay come the new year.

But this shouldn’t be the case. With a little planning and serious effort, you can easily ditch the overwhelming urge to splurge and focus on what counts the most. Here are some shopping mistakes that you can do without this yuletide season.

1. The Last Minute Mentality

Getting a head start on your Christmas shopping pays off big time. Besides not feeling pressed for time, you also won’t have to worry about heavy traffic, crowded malls, and delivery delays. Shopping ahead gives you loads of opportunities to get the best items for the best and most affordable prices. Plus, you’ll have plenty of time to make smart choices and look for items that are worth it.

2. Not Making a List 

First things first – you need your game plan before you start your holiday shopping. Plan everything, get organized and don’t forget the nitty-gritty. Make a list of the people you’re shopping for, the items you want to buy as gifts, your menu, décor, and everything you may need for the celebration. This list will help you be more efficient as it allows you to plan your shopping trips and expenses. Always take your list with you when you go out to find gifts and cross off each person or item after successfully finding what you’re looking for.

3. Impulse Buys That Makes You Add to Your List

Give yourself time to finalize your list, so you don’t forget anyone or anything. Sometimes, one of the most difficult things to do is to stick to that list. Adding items as you go along can be a costly mistake. Know your priorities and be realistic about your budget. Your expenses will not only be for gifts; you also need to consider travel costs, Christmas parties, grocery items, and the like. Resist the temptation to spend on something that you don’t really need. Say no to that impulse purchase.

4. Sticking to Malls and Not Shopping Around

Comparison shopping goes a long way towards achieving your savings goals for the holidays. If you don’t like running from store to store, then let your fingers do the work. Go online and check multiple websites to compare items. Remember that a patient buyer gets quality products at the lowest prices. Online stores are the best places to go to if you want to save on time, effort, and resources. The best deals and rewards are up for grabs once the -Ber  months kick in.

5. Ignoring the original retail price

How do you know if you can make the most out of that mall sale? By checking the price history or regular price of the item. Just because it says “sale” doesn’t mean it’s already a good deal. This is because some retailers increase prices before an item goes on sale and then mark them down to what seems like a great discounted price. Comparing prices from then and now is a surefire way to make sure you’re making smart purchasing decisions.

6. Exceeding Your Budget and Not Keeping Track of Your Holiday Spending

Be cautious about the adjustments you make to your budget and be sure that they are all worth it. Add up all the estimated costs – both for Christmas presents and other expenses – and stick to your holiday budget. Pay with cash as much as possible to avoid overspending with credit cards. Take note of all your purchases and try to save as much as possible.

Smart Spending to Savor the Holidays

It’s the thought that counts. You don’t need to buy expensive gifts or throw extravagant parties to make a statement. You can make a meaningful impression through gifts and gestures that stand out for their sincerity and message. Remember that kind thoughts and words spread the holiday cheer like no other.

If you really need that extra money or budget flexibility, go for credit apps that enable you to spend wisely and responsibly. Cashalo gives you a convenient and affordable solution to your holiday shopping hues. Cashalo’s Shop Now, Pay Later, you get access to the best deals from partner retail stores and buy gift items at as low as 0% installment rates. With hundreds of partner retail stores, Shop Now, Pay Later lets you pay later up to 9 months even without a credit card.

Cashalo helps consumers develop spending and saving habits by encouraging them to pay on time so they can build a positive credit score and maintain good financial standing. The most responsible users get higher credit limit and lower rates that up the excitement for your holiday shopping.

About Cashalo

Cashalo is a fintech platform that delivers digital credit to Filipinos – helping them elevate their financial well-being. All loans under the Cashalo Platform are financed by Paloo Financing Inc., with SEC Registration No. CSC201800209 and Certificate of Authority No. 1162

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