Trouble is, forking out for Christmas may have left your wallet empty. To help you prepare for the sales, here are some money-saving ideas to think about before you hit the shops.
Redeem awards points
Pay credit and store cards in full by the due date each month to avoid interest charges and late fees, then redeem any points or rewards you may have earned on vouchers and items during the sales. Don’t forget you can pay with your CommBank Award points at Myer – simply present your Awards credit card at a register and ask to pay with your points.
Start a Kris Kringle tradition
If you’re looking to reduce the amount of presents given and received, consider a Kris Kringle. Instead of presents for every single person, you could put names in a hat, agree on the maximum spend and, by adding a theme, you can make it fun. Or if you’ve got your heart set on some sale shopping, ask Santa for gift vouchers or cash to put towards your spending spree.
Trim down spending
In the lead up to the holidays, look at where you can cut down on costs. Take your own lunch in to work, cut down coffee consumption, cancel unnecessary memberships and ask yourself if you really need it before you buy it.
Set a savings goal, now
This goes hand-in-hand with budgeting. You’ve trimmed back where you can, and know what you want to buy so now’s the time to set that cash aside in a savings account. Add a savings goal and you’re more likely to successfully save.
Do your research
Plan which bargains you want to buy so you don’t spend more than you can afford, or buy things that you don’t really need. Do some basic price research before the sales so you know if you’re really bagging a bargain or not.
Want to avoid the crowds but still keen on some retail therapy? Check out our top online shopping tips.