Christmas 2020 is right around the corner! Who's excited? We know how special this time of year is for everyone. That doesn't mean it can't get pretty costly sometimes, depending on all of the decorations, presents, food items, etc. that you are buying. With that in mind, our bank at the Lake of the Ozarks is here to give you a few money-saving ideas for the 2020 holiday season in this week's blog. If you want to start building your savings NOW, please give us a call and ask about our Free Kasasa Saver® account! First Bank of the Lake can be reached at 573-348-2265.
Money Saving Ideas for The 2020 Holiday Season
Decide On A Budget And Don't Go Over It By Any Means!
Create a budget that is realistic, in the sense that you can actually stick to it. Yes, it can be VERY tempting around this time of year to make impulse buys and last-minute decisions, but if you are serious about saving money, having a budget in mind can really help!
Try A Secret Santa Vs. Buying Presents For Everyone.
If you buy presents for everyone in your family, all your friends, and all your close contacts, the expenditures can add up REALLY quickly. Save yourself some money and time and arrange a SECRET SANTA this year. They can be SO fun. You simply have everyone who is planning on attending your Christmas party draw names ahead of time. Then, each person is only expected to purchase a present for the person they drew.
Host a Potluck This Year Vs. Buying All The Ingredients For Several Dishes Yourself.
Have you ever thought about how much money you end up spending each Christmas just on food? Also, aren't there ALWAYS leftovers that don't actually get eaten? Save yourself the trouble and the money this year and host a potluck! Each person attending your party can bring a side dish and you can provide the meat. It's a WIN-WIN.
Don't Buy A Present Unless You Can Pay For It Upfront.
Again, the temptation is REAL when it comes to last-minute Christmas present buying and impulse buys. Don't give in to that temptation by using your credit card and racking up a bunch of debt. Stick to your budget and only buy what you can pay cash for.
Don't Overestimate The Gift Of Volunteering Your Time.
Some of the BEST gifts are free. Your brother may appreciate a FREE coupon for babysitting his kids or your sister may appreciate a FREE coupon for one homemade dinner made by you in the future. These are just examples, but the point here is not every GOOD present requires actual money.
Have a Happy Holiday Season From First Bank of the Lake!
All of us here at First Bank of the Lake hope you enjoy your holiday season this year! We know how tough this year has been for everyone, so take some time to relax with your loved ones. If you have decided that NOW is the time to start building your savings, please give us a call at the number listed below and ask us about our Free Kasasa Saver® account. You can also follow us on our social media channels listed below to stay up to date on our latest announcements.
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