Stretch your spending and save this holiday season
The holidays can be a financially challenging time for many. Follow these tips to stretch your dollars and save more this holiday season.
Consider these ways to cut costs
- Don’t shop for yourself. It can really damage your budget.
- Keep a list of what you have bought to avoid going overboard or forgetting anyone. Consider gifts for the family or group instead of individual gifts.
- Make your own. Homemade desserts or crafts are appreciated. They’ll be grateful for the time and thought you put into their gift.
SPEND: Get the best deals on purchases
- Research. Comparison shop online, check out special holiday deals, and keep an eye out for coupons and special offers.
- Sign up for online banking and take advantage of VACU Statement Rewards. Statement Rewards provides money-saving offers for members based on debit card activity.
- Keep receipts and ask for refunds if available. If items go on sale soon after your purchase, some retailers may refund the difference if you bring your receipt in.
SAVE: Start planning for next year
- Open a separate savings account and set up an automatic transfer or payroll deposit to put a small amount into your holiday fund with every paycheck. Next year, you will have spending money already set aside.
- Keep records of what you spend and develop a budget for next year. Once you’ve determined how much you need, divide by the number of pay periods to find how much you should set aside from each paycheck.
- Sign up for Change Jar. When you use your VACU debit card, Change Jar rounds up each transaction to the next dollar and transfers the change into your savings account.
A member-owned financial cooperative with more than 220,000 members, Virginia Credit Union provides a variety of affordable banking services, loans and mortgages, checking and savings services, and financial education resources. Virginia Credit Union is federally insured by NCUA and is an equal housing opportunity lender.
Media Contact: Glenn Birch, email@example.com, (804) 560-5664