Your Helpful Guide to Holiday Shopping on a Budget

With the holiday season almost here, many people are looking forward to celebrating with their loved ones and exchanging gifts. While gifts are major consideration of any holiday spending, they aren’t the only expense people think about during this time. They need to factor in their regular monthly expenses as well, like food, rent, and utilities. Thus, many individuals create a spending plan that allows them to prioritize their essentials and still have enough to buy gifts their loved ones will appreciate.

If you’re such a person, you can save up a substantial amount for holiday gifts. You can also avail yourself of Cashalo’s Buy Now Pay Later program to supplement your funds, should you need it. Additionally, some holiday shopping strategies can help you stay within your budget.

Whether you’re buying for your family, partner, or friends, here’s a holiday shopping guide for any budget:

Create a Shopping List

If you don’t want to overspend on your holiday purchases, create a shopping list. Write down all the people you plan to give presents to and assign a budget for them. For example, you can assign a budget of Php 500 for immediate family members and Php 300 for extended family members and friends. This strategy allows you to stay on a budget and ensure you won’t forget to buy someone a gift.

Do Your Research

Some people overspend because they make quick decisions when shopping. They don’t take the time and effort to evaluate their choices and thus end up with less-than-ideal items. They might also miss out on great deals, which can keep them from enjoying considerable savings. That’s why it’s better to do your research first before buying holiday gifts, whether online or in-store. When doing your research, take note of these tips:

Find Out Product Specifications

Before purchasing anything, remember to look at the specifications of the item. It will help you know if it will suit the person you plan to give it to. For example, when buying apparel, check the item’s measurements to determine whether or not a garment will fit. Otherwise, you may end up wasting your money on a gift your loved one won’t be able to use. 

Check Product Reviews

Wherever you’re planning to shop, be sure to check product reviews first. While you must do this for all products, it’s even more important when buying gadgets and accessories. Different device models and brands have many attractive features and come at varying price ranges. These factors may make it challenging for you to make a choice. By looking at reviews, you can find out other customers’ experiences with a product and help you determine whether or not it’s a good purchase. You might also discover suggestions for alternative products with the same functionality but at lower prices, helping you save money. 

Look for Holiday Deals

Another important aspect of doing your research is the different holiday deals you can discover. Many stores offer special promos around this season to encourage more shoppers to patronize their brand. Typically, you’ll see signs and advertisements indicating a sale or holiday promos. That said, you might not notice some special offers like those that are exclusive to existing clients. As mentioned previously, Cashalo app users can even take advantage of the Buy Now Pay Later program–discount coupons are even available for even better deals. 

Compare Market Prices

When doing your research, be sure to compare product prices. Some manufacturers or authorized distributors offer lower prices compared to other retailers. Also, some online shops may sell similar items you buy in malls at lower costs and have free delivery offers. Purchasing from these online stores won’t just reduce your expenses but also make the gift-shopping experience more convenient. Thus, be sure to shop around and look at the prices from different retailers before making a final purchase.

Shop Early

It’s also a good idea to schedule your holiday shopping early so you can avoid the Christmas rush. When you shop last minute, you’re more likely to spend more because you no longer have ample time to compare prices and find deals. With that, you can end up going beyond your intended budget.

Additionally, shopping early can help you spread out your spending throughout the season. While this may not help you specifically save up money, it can make the expenses more manageable instead of making huge one-day purchases. 

Holiday shopping doesn’t have to be costly. While it may take a lot of effort and some time, you can definitely stay on budget and find gifts your loved ones will appreciate through the help of this guide. In addition to money-saving shopping strategies, remember that what’s truly important to you and your loved ones this holiday season won’t reflect on an item’s price tag.