It’s only a month or so left until Christmas day. Have you already thought of what are you going to give to your loved ones?
Christmas day is a special day that everyone looks forward to, a day with our precious loved ones and of course the presents! It’s the perfect time to give back to others for all the graces they gave you for the whole year and also receive some back from them.
Though having too many gifts to buy and too little time or money might be problematic, especially when the time for Christmas shopping is at its peak, you do not have to fear. The MVET Way has you covered with a few tips to help you save up for that perfect gift even under a tight budget. These tips can also be used when you’re saving up for anything.
- Start a small side business
Extra income is always welcomed when you need the money and starting a small business is one way to get that extra income. You can do simple things and still earn like making tasty baked goods or mending clothes. With a little time and effort you’ll slowly start to get a steady and extra income. As an added bonus, you can also get others to feel happy with the services you have provided.
- Set an expenses priority and manage your budget
Carefully layout and organize your daily needs to your wants. Not everything we buy is a need. Maybe try eating lesser snacks or try walking or biking to your destination to save a bit of change from riding public transport. You can’t expect to get a lot during the start but as you continue, you slowly start to see your savings grow with the little pocket change you kept.
- Be patient
Being patient is important when saving up for something. Having the will and determination to continue is important. After all, you’ll get your reward at the end.
- Pay for something in cash
Other than the fact that paying in cash is a lot safer, it can help you manage your expenses and help you not get caught in debt. It helps you stick to your budget plan more efficiently and not risk losing the money you saved to fulfill a debt.
- Always keep a backup fund
Even though you are saving up money for something big, it helps to have an emergency fund. It helps to have a small insurance that you are keeping from your budget in case anything that requires the need of a large amount happens.
Saving up is always a difficult task when there are a lot of things to deal with. But with a little determination and patience you are bound to reach the end. After all, it’s the thought that counts not the gift itself.
