Ohh, the weather outside is frightful.
So youâre more inclined to spend your time inside a warm, cozy shopping mall instead, opening your wallet every time you see something you know a friend or family member will love.
Yep, holiday shopping can be a vicious cycle when you donât keep track of what youâre spending. One Calvin Klein gift set here, an Adidas sweater there, four air plants in terrariums for your friends, the latest smartphone for your other half, and a couple of gift vouchers â it all adds up. And before you know it so does your line of credit. Whoopsie.
Seriously though, this is not the situation you want to be in this season. Nobody wants to go broke playing Santa Claus, and you donât have to either. Thatâs why weâve teamed up with BC Hydro to list 19 tips for not going broke this holiday season.
Make some of your gifts
Too many cousins? Pack up some homemade granola, cook up some candied oranges, or⌠repack some already made cookies (no one will know). These make for great but more affordable gifts when you have a big list of people to buy things for. Plus, youâll seem extra thoughtful. And everyone loves that!
Skip Boxing Day
There are so many deals to be had, and itâs tempting to treat yourself (a little too much). Try staying away from the mall on December 26. Or if you really have to go, make a list, decide on a budget, and stick to it â make sure youâre not just splurging on the unnecessary just because itâs on sale.
Sign up for BC Hydro alerts
Winter bills are typically higher than during the rest of the year since we use more energy during these months. Youâre going to want to monitor your expenses, like you would with your cellphone data plan.
Now you can do the same with your hydro bill. Rather than being surprised by a bigger bill at the end of the month, alerts can let you know when youâre headed towards higher rates, and help keep your usage in check.
Say goodbye to takeout
Make lunches and eat at home more during the holidays to save yourself from spending unnecessarily. Plus with so many Christmas parties and treats flying about offices and classrooms, this will be good on your wallet as well as your bod.
Put away the credit card until January
Itâs easy to rack up debt when youâre spending âa lil here and a lil thereâ. Instead, be sensible and put your credit card way until next year. Youâll thank yourself afterwards.
Consider picking up some extra shifts
Statutory holidays are a sure-fire way to bring in some extra cash if you need it. If your boss is asking for volunteers to work a stat holiday â say yes. In BC, employees are entitled to time-and-a-half for the first 12 hours worked and double-time for any work over 12 hours if they work on days like Christmas and New Yearâs Day.
Rent out your room
If your tenancy agreement allows it and youâre spending some time away this break, consider renting out your place for some extra cash. Places are often at a premium during holidays, and hotels are notorious for high season rates that many visitors want to avoid. Just make sure you clean your room first!
Go vegetarian if you aren’t already
Time for some beans and potatoes, guys. Itâs a cheaper diet, and if you really miss your meat, donât sweat it; youâll get some at a holiday dinner at some point this season. Sound good?
Stop buying Christmas decorations
Stop saying âIâll just buy one more thingâ and put on some Christmas music instead. Plus, if youâre dying to take in some lights and mistletoe, go to Glow, Lumiere, or even⌠The Bay.
Don’t “invest” in an ugly Christmas sweater
This is your chance to actually take that sweater you never wear and just make Christmas explode all over it. Get your glue out, guys and girls!
Wrap all your gifts in newspaper
Itâll be super on trend when you use some twine, too!
Skip the theatres
Exhibit patience and wait for all the amazing Christmas 2017 movies to come out on Netflix or an equally cheap service. In the meantime, hunker down and watch some old throwbacks.
Your pet does not need to get a Christmas gift.
Enough said.
Make your own cards
While there is certainly some stunning, crystal-embedded stationary out there, itâll cost you a pretty penny. Spend your pennies on the essentials.
Channel your inner Grinch
If all else fails, just bow out of the whole darn thing entirely and save your money. There are loads of reasons to dislike the holidays, and when the rest of the world is broke and holiday-ed out, youâll be relishing in your cool and collected financial situation.
Swap gift buying for plan making
Instead of spending a fortune on gifts, give the people you love promises. You could start a whole new trend in the process. Think of it as an IOU: one weekend of dog-sitting for them, a cocktail night out in 2018, a hike to one of BCâs biggest mountains together, etc. Since you have it in writing, youâre more likely to do it, and you could even send a calendar invite, too.
Have a communal Christmas dinner
If you donât get the chance to spend the holidays with your family, round up your friends for a big gathering. Delegate items to each person so nobody has to buy or make more than two things. Weâll do the veggies, thank you very much.
Make mulled wine at home
You donât need to go to a Christmas market to get your annual mulled wine fix. Go DIY and pick up the ingredients on the cheap, make it at home, and invite your friends over. Delish.
Become dollar store friendly
If you donât already know, the dollar store has pretty much all the gear youâll need when it comes to holiday homeware essentials. Plus sweet treats. âTis the season to indulge, after all.
At the end of the day, youâre going to want to treat yoâself to something new this season. So making smart decisions in the right areas could help get both you and your wallet out of a really unnecessary hole.