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Early Bird Holiday Shopping: Benefits & Tips

10/6/23 | Lindsie Wharff, Marketing Specialist

 

The holiday season is already upon us. In an ideal world, it’s a great time to focus on celebration, joy, and giving. We’re not living in an ideal world right now, especially with the current economy.  This time of year can put a significant strain on finances. One of the smartest strategies to avoid this is to start your holiday shopping early.  Early shopping can help you save money, reduce stress, and enjoy the season!

                        

Benefits of Early Shopping

  • Access to Early Discounts and Sales:

Many retailers start offering holiday deals during the summer and early fall. By shopping early, you can take advantage of these discounts and sales, which can help you increase your savings. Whether it's Halloween costumes, Thanksgiving groceries, or Christmas gifts, getting a head start on your shopping can help you secure the best prices.

 

  • Spread Out Expenses:

One of the most significant benefits of early holiday shopping is the ability to spread out your expenses. Instead of facing a massive financial burden all at once, you can allocate funds gradually, making it easier to manage your budget and avoid the stress of last-minute splurging.

 

  • Avoid Rush Shipping Costs:

When you wait until the last minute to shop for gifts, you might find yourself in a rush to get everything delivered on time. Rush shipping costs can add up quickly and eat into your budget. By shopping early, you can choose more affordable shipping options or even take advantage of free shipping promotions, saving you money in the long run.

 

  • Greater Selection and Availability:

Early shoppers often have a more extensive selection of products to choose from. This means you can find the perfect gifts or items for your holiday needs without settling for what's left on the shelves or dealing with out-of-stock issues. Plus, you have more time to research and find the best deals on your desired items.

 

  • Reduced Stress:

Holiday shopping can be a stressful experience, especially when done at the last minute. By starting early, you can avoid the crowds, long lines, and the frantic rush of late shopping. This reduced stress can lead to better decision-making and fewer impulse purchases, ultimately saving you money.

 

  • Time for DIY and Budget-Friendly Options: 

Early holiday shopping provides you with the time to explore do-it-yourself (DIY) gifts or budget-friendly alternatives. Homemade gifts, creative decorations, and thoughtful gestures often cost less than store-bought items and can be even more meaningful to the recipients.

 

Shopping Experience Tips

Now that you understand the financial benefits of early holiday shopping, here are some strategies you can implement to maximize your shopping experience.

  1. Create a Detailed Shopping List

Create a list of items you need for all the holidays you plan on celebrating. Whether it’s Halloween Candy, Thanksgiving groceries, or Christmas gifts, an organized list will help you keep track of necessities.

  1. Set a Budget for Each Holiday

Develop a specific budget for each holiday on your shopping list. Consider how much you must spend on costumes, decorations, food, and gifts. This will help you make financially responsible choices. We’re not saying you don’t deserve the 5’0 skeleton from Home Depot. We just encourage you to make room for it in your budget.

  1. Compare Prices

Ensure you identify the lowest prices and any available coupons or discounts.

  1. Shop Clearance and Outlet Stores

Clearance and outlet stores offer great discounts on holiday-related items. Keep an eye out for these stores online and in your local area. Those Spirit of Halloween stores could pop up anywhere at any time, and Christmas décor always shows up months before Christmastime.

  1. Make DIY and Handmade Gifts

If you’re creative and have a knack for making things, consider applying these skills to your gifts or holiday decorations. Following the thrift store painting ghost trend or making homemade presents can be memorable experiences and cost-effective. They can also offer a personal touch store-bought items lack.

 

Shopping early for the holidays is a financially savvy decision that offers numerous benefits. From early discounts and reduced stress to better budget management and a wider selection of options, starting your holiday shopping ahead of time can help you save money and enjoy the season with peace of mind. So, don't wait until the last minute; embrace the financial advantages of early holiday shopping and make the most of this special time of year. Your wallet will thank you, and you can focus on what truly matters: creating lasting memories with loved ones.


About the Author
Lindsie Wharff is a Marketing Specialist at Altabank. She specializes in social media and marketing content and enjoys helping people learn more about their finances.