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Tips For Year-End Holiday Expenses

6 Tips For Year End Holiday Expenses

Year End Holiday Expenses are a great deal for Singaporeans, we are always looking for ways to save money. With the current global financial crisis and local cost of living creeping up, Singaporeans have never been more frugal. And that goes for the holiday season too. After all, Christmas only comes once a year. With this in mind, here are six tips on how you can save money when it comes to shopping for presents and travelling.


1. Have A Budget For Year End Holiday Expenses And Stick To It

Once you know who you’re going to buy for and what kind of gift you want to give them, make a list of everything you need before heading out to the store.

Budget for Year End Holiday Expenses

This will help keep you from overspending on unnecessary items that aren’t on your list! Also, set a budget — how much money do you want to spend overall and how much does each individual gift cost?

Make A List Of What You Need And Set A Budget


2. Be Clear On Why You’re Shopping For That Person

As we get closer to the holidays, many people begin to think about buying gifts for friends and family. It’s a great time of year, but it can also be an expensive one.

Year End Holiday Expenses

Here are some tips to help you stay on budget while still finding thoughtful gifts:

Before you go shopping, think about what will make the best gift for the person you’re buying for. Think about what they like and dislike — do they enjoy reading? Are they into sports? Do they like to cook or bake? Do they have any hobbies or interests that would make a good gift idea?


3. Start Present Shopping Early!

Many people are starting their holiday shopping now, but the average person waits until December to begin! So if you’re one of those people, here are some tips to help you get started on time.

The earlier you start shopping for Christmas presents, the more time there is for shipping and returns. If you wait until the last minute, it’s likely that retailers will run out of stock and have sold out of popular items. And if it’s too late to order online, you’ll have to go into stores which can be very crowded and stressful.

Shop Online!

Shop Online

You’re likely to find lower prices online than in stores because shipping is free and there’s likely no sales tax. It’s also easier to compare prices online than it is in stores. And if you’re buying from smaller retailers that don’t offer free returns, buying online makes returns much easier — just return the item for a full refund.

Plan Your Christmas Dinner Menu Early!

Chrismas dinner expenses

Planning your Christmas dinner menu early allows for plenty of time for grocery shopping and preparation so that everything can be ready in time for guests arriving on Christmas Eve or Christmas Day. Many restaurants require reservations months in advance so plan accordingly!


4. Look for Coupons and Vouchers to Save You Money on Holiday Expenses!

Google for tips on where to get the coupons. It does not matter if you’re looking for a coupon for groceries or an accessory like a watch or shoes, Google will help you find what you’re looking for.

Year End Holiday Expenses

It can get stressful with endless comparisons. But it is always good to have at least 3 price quotations for comparison. Get the discounted price from more than one store (Lazada, Amazon, Shopee, etc) and try to pick the best deal based on your budget.


5. Use Price Alerts on your Holiday Vacation Plane Tickets!

The holiday season is here and that means it’s time to start planning your trip.

It’s no secret that airfare prices can fluctuate greatly depending on when you book them. If you’ve been planning a trip for months and already know when you want to leave, but aren’t sure when you want to return, price alerts can help you save some money.

The best way to do this is by setting up an alert with Kayak, Skyscanner, or Google Flights so that if the price for your flights drops below a certain amount, they’ll email you about it. This makes it easy for you to decide whether or not it’s worth waiting for the lower price!


6. Pay For your Holiday Expenses Purchases by Credit Card

Credit cards are the best way to pay for holiday expenses, especially if you’re planning to travel.

Use credit card for year end holiday expenses

The credit card offers many benefits, including:

  • Protection against fraud – When you pay for things with a credit card, you’re generally protected by law against fraudulent charges. If you use a debit card or cash, however, there’s no protection in place. It’s a good idea to use credit cards for holiday expenses because they offer more security and fraud protection.
  • Cash back rewards – Some credit cards offer cash-back rewards on purchases made through the card. This is a great way to earn extra cash without spending any extra money.
  • Flexible payment options – You can make payments over time, with no interest charges. The longer you take to pay off your balance, the more money you’ll save in interest charges. But if you can’t pay off your entire balance at once, don’t use this option unless it’s absolutely necessary!

Plan ahead and set up automatic payments from your checking account so that there aren’t any late fees on your credit card bill.


Takeaway: The year end holiday season is a great time to bond with your family. But it can also put a serious dent in your finances.

Here are 6 tips on how you can minimize expenses during the year end holidays.

Hopefully, these strategies will help you keep your holiday expenses down to a minimum.

Remember that there’s more to life than just material possessions. And take a moment to enjoy the holidays with your family, friends and loved ones. They’re fleeting, but they’re also precious.

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