Read Original Version (CLB5+) You are reading the Simple Version (CLB3-4) Worried about holiday expenses? You don’t need to be in debt to have fun. Read the tips below to save but still enjoy yourself. List all your expenses and estimate how much you need. Do your best to spend below your budget. Make your budget realistic. Make a small allowance for extra expenses. A potluck is a practical way to hold a party. Each person invited will bring food. It will be good to ask first if there is someone with food allergies or special diets. Bring food that everyone can enjoy. Take a part-time job. There will be many jobs in retail (cashier, stocking clerk, greeters, etc.) call centres and delivery services during the holidays. You can also make crafts that you can sell. Don’t charge holiday expenses on your credit card. It will be harder to keep track of expenses and lose control of your spending. Use cash as much as possible. Don’t go to the mall a few days before Christmas. It will be easier to overspend. Don’t give gifts on December 25th. The 26th is Boxing Day in Canada. Most stores offer big discounts on many things. You can buy toys, electronics, clothes and other gifts at cheaper prices. Starting saving as early. Use automatic debit. Make sure your money is earning interest. December is the peak season for travelling. Ticket prices are high. Buy plane tickets six months before the holidays. Use your air miles to get a discount. Happy vacation! Please login to tell us what you think.Skip to:
Set a budget
See where you can save
Give gifts wisely
Potluck parties
Make extra money
Don’t use your credit card
No last minute shopping
Wait for Boxing Day
Things you can do earlier (tips to keep in mind to do next year)
Start a holiday savings account
Book tickets early
Article updated November 22, 2022.
Sources: 6 ways to save for the holidays, Laureen Miles Brunelli, the balance; and 9 best ways to save money during the holiday season, Jacqueline Curtis, Money Crashers. Accessed November 8, 2018.We'd love to hear from you!