 5. Best ways to save money this holiday season The holiday comes with a lot of activities, family traditions, partying, and much more. Guess what? None of these things come free. You have to get them in exchange for monetary value. Most times we overspend because we can't seem to discipline ourselves. Imagine, however, if you have a saving plan that makes it easy to spend only what is left after saving. It'll be good, right? Of course, it will. Hence, in this video, I'll share with you 5 best ways to save money this holiday season. This will help you become a successful person. If you're new here, consider subscribing so that you won't miss other interesting videos like this. 1. Automate your saving It's easy to think that if you're determined and willing, you can do it yourself. Well, maybe you can, but it won't be as easy as you think it is. Instead, automate your savings and set up automatic withdrawals from your checking account to your savings account. That way, you'll grow your saving habit. You can start by saving as little as 10% of your income. Set your auto-save to deduct the money on every payday. You'd be surprised how effective this saving method will be. Alexa Von Tobel, a personal finance advisor, said in her quote, I always encourage people to pay themselves first. So, I really advocate setting up direct deposit for your paycheck and establishing an automatic transfer so that part of each paycheck goes straight into your savings account. 2. Create a budget that you can stick to Most times, we end up overspending because we didn't create a budget to help us through the holiday. Creating a budget helps you manage your money properly. Yes, it's going to be challenging sticking to some budget, especially at a time like this. However, it will help you prioritize your list at once so that you don't go into debt and also help you save some money while at it. Dave Ramsey, an American radio show host, author and businessman, said, a budget is telling your money where to go instead of wondering where it went. Start by making a list of the things you'll need this holiday and the people you'll be getting gifts for. Make sure that your list captures only what you can afford because you're going to stick to it. So, the last thing we want is tapping from our extra fund that had been put aside. Be realistic with your list and budget. When you have this list, it will help you make wise spending decisions. Your list is working with your budget, not your budget working with your list. So once you have decided what fraction of your income you want to spend during the holiday, create your list, putting the items on a skill of preference. If your budget accommodates the least important items on your list, that's good for you. However, if it doesn't, don't get tempted to expand your budget. Instead, adjust your list once again. 3. Look for holiday bargains or deals Most of the time during the holiday, shop in seasons, retailers often offer great deals. A smart decision will be to take advantage of their sales so that you can save some more money on some items. Research where you can find the best deals on the products, follow sales and make purchases at the right time. However, ensure that while saving a good deal on the item, you don't spend excess cash on things like horrid shipping. 4. Cut back on extras Too often we buy things we don't need, because it's a habit. Thanks to budgeting and making a list of priorities, you can carefully consider the things that you need and cut back on those that are not important. For instance, you may not need Christmas decorations and ornaments. When we cut back on things that are necessary, it greatly impacts our budget. Note that this includes some of the treats we give ourselves. Ask yourself, is it really worth it? Do I really want or need this? If you can take a moment to ask yourself questions like this, you'll find out that it'll be easy to overcome the temptation because you have taken a moment to consider it. 5. Start shopping early Everyone's going to be shopping during the festive period. This can make your shopping a little more challenging because you won't be able to explore as much options as you like. Everyone wants to buy and everyone wants to check for alternatives so they won't get to spend so much money when they can get a similar quality for a lesser price. Besides, if you live in certain parts of the world where prices of things are spiked during festivity, it is only advisable to start shopping weeks or months before every shopping mall and marketplace gets crowded. When you shop early, you'll get some of the best deals and enjoy some discounts that might no longer be available afterwards. You see, it's important to take your savings seriously at this time because there is a tendency to overspend in a bid to satisfy our cravings and perhaps show off to friends and family that we can afford anything we want. However, the season is about love and given, not showing off. You don't have to get expensive gifts for everyone around you. They may not even appreciate it. If it isn't something they need, again, learn to create a budget and a list that can easily fit into your budget. Not only will you avoid overspending but also be able to save some money while at it. Thank you very much for watching our videos. We'll like to give you another interesting video for you to enjoy next but before then, our team will be very happy if you can like this video and share it with your friends on social media. If you're new here, don't forget to subscribe so that you won't miss other interesting videos like this. Look at your screen now to see two other videos we handpicked for you to enjoy next. We love you.