How to Fund Your Autumn Shopping
The autumn season is right around the corner. You can’t wait to treat your family or friends to lunch or dinner on Labor Day Weekend. That means one thing; fall is a time for extensive shopping. By spending, it means you’ll find yourself breaking the bank. Since the last thing you need is spending money on things you don’t need, it’s essential to know the tips for cutting costs this fall. Try out these simple and practical tips.
Use a credit card
A credit card is a convenient way to pay for what you need, encouraging impulse buying. One of the best things you can do before autumn is scrutinizing your credit card and bank statements. This helps you determine if you were much of a spendthrift or a budgetary person in the previous year.
For example, you discovered that you spent $400 on partying with friends when you could stock up drinks for $200 for one month in your fridge. The $200 difference can help you strategize how to spend less this fall. You can choose to avoid going out and invite friends over to your home to cut down on unnecessary expenses.
Wait for autumn sales and buy more clothes for the same price
The weeks before autumn is a time when clothing stores spot an opportunity and go for it. So even if it means offering seasonal discounts or promotions, they will use any marketing gimmick to land more sales. It is also your opportunity to spend little for more.
For example, if you are a fan of bodycon dresses and they’re up for grabs on CyberMonday or Black Friday, you can take advantage of the autumn sale to get more for less. All you need to do is visit your favorite online clothing store and identify what you need as early as August. If the prices match your budget, go for it.
Get a payday loan and buy everything you need
Suppose your primary goal is sticking to spending a specific amount each week. In that case, you can request a loan til payday or advance payment to buy everything you need. This strategy comes with great discipline. You can start with paying your bills to hold you more accountable. From there, you can buy essentials like clothing, grooming products, and many others.
Save 20% of your income for 1 or 2 months
The best way to cut spending is by adopting the “pay yourself first” strategy. Each time you receive your paycheck, put some of the money in your savings account first to ensure you don’t end up spending all of it. You can set aside 20% of your income in your savings account starting July to September. This culture of saving before spending gives you peace of mind knowing your money is in the right place and helps you make a wise financial decision in case of an emergency in the future.
Try the swapping method instead of buying pricey stuff
As you warm up to Halloween in October, your kids will expect you to buy expensive costumes and treats. You already know that it’s a one-day thing. So, spending a lot of money on attires that are only relevant for one day is the worst punishment you can give to your finances. There is no harm in contacting other parents for a costume swap.
Go all DIY
While you may be looking to save money this autumn, it doesn’t mean you can’t have fun while at it. You still have the option to invent DIY ideas. For example, if you want to gift your family members trendy clothes, there is no need to buy them online or at your local store. Instead, you can purchase second-hand clothing material and sew the clothes by yourself. You can also invest in items that keep your clothing in good condition, like a lint roller. This tip applies to people who are confident about being good with their hands.
Cut down on utility bills
During September and October, temperatures are relatively milder. It’s time to switch off your heat or air conditioning to avoid paying high electricity bills. If the temperatures drop during those months, you can try alternative methods of heating your room, like setting up the fireplace. A hot water bottle under your sheets can also help you manage the cool temperatures.
Enjoying the fall season doesn’t have to be expensive. It doesn’t have to be monotonous, either. As time flies pretty fast, it will be in your best interest to save as much money as you can. By the time January arrives, you won’t have to break the bank buying essential things. If impulse buying has been your habit in the past years, now is the right time to practice these tips.