Thanks to TD Bank for sponsoring this post about holiday savings.
The holiday season can be very busy for many families, and some of us are wondering how to make it all work. Saving for the future may be challenging for many families. Consumers who establish a good savings foundation today can increase their likelihood of future financial health. Whether saving for a big purchase like a home, family vacation or building an emergency fund, using a year-end work bonus or income tax refund is a great way to get started.
To save money this holiday and throughout the year, here are a few healthy habits to start:
Open a savings account. Yes, there are still families out there who don’t see a need for a savings account. However, TD Bank can provide expert advice about the advantages of a savings account, as well as products and services to help consumers achieve all their financial goals.
Track your budget. There are many planners out there that make it easy to track holiday spending and help you stay on track.
Limit big ticket purchases. Just because new technology is released doesn’t mean you need it in your life! Avoid buying state-of-the-art televisions or computers just because they are new. If the old one is working just fine, you don’t need to upgrade. In fact, buying more stuff can make us feel overwhelmed or clutter our home. Save up for a vacation instead!
Shop sales. I don’t mean Black Friday bargain sales either. Look for actual savings on items you need at rock-bottom prices. Google is your friend. Make sure that you are using coupon codes or extra savings with every purchase. If you can’t save an additional percentage off from an extra coupon or through a holiday sale, hold off on making the purchase. It will get cheaper in the future.
Know your prices. I use this at the grocery store all the time. I know just what meat costs when it is on sale and when it is at its LOWEST price. I also know when they clearance meat due to overstock. I shop those days and stock up. Paired with a percentage off coupon, I can buy all of our protein at a ridiculously low price. The extra money in our grocery budget can go immediately to savings.
Learn more about TD Bank online and how they can help you shape your financial future.
How do you shop during the holidays AND save?
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