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How in the world is it already November? I’m sure I don’t need to remind you but Thanksgiving is in THREE weeks and Christmas is in SEVEN AND A HALF!
Now that you are panicking along with me, let’s talk about money and the holidays! Fun, right?! It doesn’t have to be stressful if you have a system in place. The sooner you do it, the better. If you’re like me and haven’t thought about holidays saving until right this second, really try not to worry. Let’s come up with a plan (and hopefully a better one for next year).
First off, make a list of everything you are going to buy for the holidays. Presents, food, gas for traveling, etc. Once you have that list and how much everything will cost, add $20 to each category. By doing this, you won’t have to worry if you go a little over.
Next, divide that total number by how many weeks you have to save.For example, I am estimating about $750 that we will need. After dividing that number by 7.5 weeks (we’re talking last minute shopping!) that’s $100 a week. If you get paid biweekly then multiply by 2 and you will need $200 every paycheck. You can also take $750 (or whatever your total is) and divide by the number of checks you have until Christmas. Realizing we need $200 extra out of every check to have enough for everything, makes me realize that probably isn’t going to work for us! We still have bills to pay and not much left over after that, so this is when you need to think outside the box.
How can you come up with extra money? Do you have any bonus checks or other income you will be bringing in? This will vary for everyone but luckily we do have other income to rely on. I always think of creative ways to make money though and hopefully this will help out anyone that doesn’t have other income or bonuses.
Sell Your Stuff
Start with your closets and see what doesn’t fit or what you haven’t worn in awhile. This is the perfect time to do a closet purge with the changing of the seasons. I did a whole post about how to sell your stuff here. This is a great way to earn extra money!
Sell Homemade Goods and Services
Along with selling things like clothes or toys – also think outside the box again about what you are good at. My mom crochets blankets, I have an Etsy shop and sell random crafts, a friend sells homemade jam to little shops… what can you do? Babysit? Walk dogs? It really can be anything!
I started taking surveys back in college to earn extra money and over 10 years later I’m still at it! My favorite sites have changed throughout the years but some of my favorites are InstaGC and Swagbucks since you can also earn just by searching the internet, watching ads, or even just clicking a website! Right now, InstaGC is running a holiday program to earn even more points.
There are countless apps out there for saving money! Another thing I like to do is use eBates for cashback. Swagbucks also has a great program for shopping and earning points. When shopping, always look for discount codes and coupon. It takes a quick google search to find tons of offers.
These are just a few ideas on how to get some extra money but the best bet is to start saving early. Let’s both make it our resolution for next year to not wait until November, sound good?!