How to Holiday Shop on a Budget

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

‘Tis the season to spread holiday cheer – more times than not in the form of gifts. Contrary to popular belief, it is possible to cross everybody off your shopping list without breaking the bank. Just follow these smart shopping tips from your friends at American Investment Planners, LLC:

• Start saving early. Many banks offer holiday savings accounts that allow you to deposit money year-round specifically for holiday shopping. It may be too late to take advantage of this holiday season, but it is never too early to plan ahead for future years.

• Make a list, and check it twice. The best way to stay on budget is by making a detailed list for all of your gift recipients. Your list should include a strict spending limit for each family member and friend. Keep a running log of your expenses to make sure you stay within your budget.

• Take advantage of all the deals. There is no shortage of savings during this time of the year. From Black Friday doorbusters to Cyber Monday markdowns, make sure you are taking advantage of the best deals available.

• Shop online. Save time, effort, and gas by doing your holiday shopping online. Many retailers even offer free shipping during this time of the year, allowing you to be as cost-efficient as possible.

• Don’t fall for store credit cards. Many retailers offer their own credit cards, and entice consumers to sign up by offering 10% off their initial purchase. While this may seem like a good deal, resist the urge. These perceived savings will quickly disappear if you do not pay your balance in full each month.

• Do it yourself. Tap into your inner creativity and take the DIY approach to your gifts. They may take a little more time, but they will save you money and are sure to be appreciated more than a store-bought product.

American Investment Planners, LLC helps families all over the country better manage their finances. From college savings, to estate planning, to retirement planning, and more, we can help you meet your short- and long-term financial goals.

To schedule an appointment with one of our advisors, please call (516) 932-5130 or email info@americaninvestmentplanners.com.