• Three Tips to Saving Money During the Holidays

    Holiday Spending Tips and Tricks
    The holiday season can often cause financial stress and take the joy out of shopping for family and friends. Luckily, Mid Minnesota Federal Credit Union (MMFCU) has a few tips and tricks to help you stay on top of your holiday spending and enjoy the holidays.

    1. Start shopping early
    It is essential that you shop early this holiday season. You will be much more likely to snag the exact gifts you want, and you can avoid the added stress of wondering if your online purchases will be delivered on time. You can also ease the financial strain of the holidays by shopping early. The earlier you start, the more paychecks you can spread your holiday purchases across. Your monthly budget will thank you! As companies face record inventory stockpiles and reduced discretionary income, many of them have already slashed prices and are pushing early sales. Check out your local stores and favorite online retailers for early holiday deals!
    1. Make a List – and Check it Twice!
    It’s a common temptation to overspend during the holiday season. One way you can avoid this is by staying organized and sticking to a list of holiday gifts for your family and friends. This is especially important if you start shopping early. It’s easy to forget that you already bought a great present for someone a month earlier! If you really want to track your holiday spending, you can create a three-column spreadsheet to track who you are buying a gift for, what the gift is and how much the gift costs.
    1. Take Advantage of Money Saving Tricks
    You can stretch your dollar by taking advantage of all the different opportunities to save money on holiday purchases. Check out big sales like Black Friday, Cyber Monday and Small Business Saturday for great deals. You can subscribe to your favorite retailers and get coupons and sale information emailed to you. Many small and large businesses have loyalty programs that are free to sign up for and give you cashback and other special offers. If you are an online shopping guru, you might consider using websites or extensions to search for coupons or lower prices. For example, Honey is a browser extension you can add to your computer, and it will automatically look for coupon codes and price drops so you don’t have to!
    Hopefully the tips and tricks above can help you manage your holiday spending, but if you need a little extra help making holiday expenses manageable, Mid Minnesota is here for you. Holiday Cash loans from $500 to $2,000 are available starting November 1st and can be used for your holiday purchases anywhere you shop. Visit mmfcu.org for more information.