Around the holidays it seems like time really starts to fly. The calendar year is wrapping up and everyone is focused on getting home to see their friends and family. This usually means you will have extra upcoming expenses like travel, gifts, and entertainment to pay for soon. So instead of just taking it on the chin and paying the bill lets look at 5 creative ways you can save and earn to help you prepare for the holiday season.
1. Check for Unclaimed Property
Here in Colorado the state has set up a website to help Colorado residents find money that is unclaimed. Check in your state to see if there is something similar, be smart and make sure you don’t give personal information to a scam. There are many unclaimed accounts that you could have from years ago that could be the holiday boost you need.
2. Pick Up Some Odd Jobs
For whatever reason it always amazes me that some people act like they are above this one. If you are willing to do some good old fashioned extra work on the weekend there is usually something that you can find to do. It will not be a long-term gig but it can provide you with some extra cash for your holiday needs. Check sites like Craigslist and Nextdoor.
3. Skip Eating & Drinking Out This Weekend
When you get into a weekly 9-5 routine it starts to feel like you live for the weekend a bit. It is natural to want to reward yourself after a long week at work. I am not a big fan of becoming a miser on your journey to financial freedom. However, if you know you have an expensive month coming up its helpful to pump the breaks on your other spending. One of the easiest ways to do this is cut out a meal or skip meeting for drinks. Not only will this help your wallet, but it will most likely influence you to be a little healthier, so you can get after it when those holiday meals do come around.
4. Cash in Your Reward Cards
If used responsibly credit cards can be an easy win come the holiday season. There are a lot of cards with no annual fee that offer good rotating reward categories. It may be too late for you this year but consider getting a card next year that offers these rewards and your normal spending can add up to gifts under the tree by the years end.
5. Sell Some Stuff
Most of us are a little guilty of hoarding certain items. For whatever reason we all have weird attachments to certain things and keep them around for to long. Most of the time we rationalize that we will use the item later when it just continues to gather dust in the corner. Go through your things and if you haven’t used it in the last three months be honest with yourself about whether you will use it again in the future. If not list it on Craigslist, Letgo, or Facebook.
Hopefully you can take one or two of these and use them in the upcoming weeks. Make sure that whatever money you earn or save you pull out of your bank account. Keep this separate from your regular earnings and use it to fund your holiday expenses. You will enjoy the holidays more then ever and can do it all guilt free without changing your personal finance goals!
What Are Your Thoughts?
- How do you pay for the holidays?
- What ways have you saved money for short term purchases?
- Any fun plans for the holidays?