3 Reasons Why You’ll Want to Prepare for the Holidays Earlier Than Ever

Think you have all the time in the world to prepare before the holidays arrive? Think again! 2020 is a year that moves fast. Once the malls decorate with candy canes and pump carols over the loudspeakers, it may already be too late. Here’s why you should prepare for the holidays as early as you can manage. 

1. It’s a Regular Expense

A regular expense is a bill you can count on to arrive on a consistent schedule. Housing costs like rent or mortgage payments are your biggest regular expenses, and they’re often the first ones you think of because they’re due every month. 

Monthly due dates are top of mind, but an expense doesn’t have to have this regularity to fit the bill. A regular expense is anything that you can predict.

By this definition, the winter holidays are most definitely a regular expense that you should plan for in advance. 

So, the next time you look at your budget, treat the holidays like a recurring expense and ensure you set aside enough cash to celebrate. The earlier you do this, the less you’ll have to save each month to meet your target. As a general rule, you’ll want to limit your spending to one percent of your income.

2. Your Budget Will Be More Stable

Saving small amounts over the course of the year will make it easier than ever to foot the bill on your own without feeling the crunch. Come the big day, you’ll feel less financial stress because you prepared in advance.

You won’t have to syphon money from other expenses at the last minute to afford the festivities. Neither will you have to take out money to make sure your kids have the best holidays possible. 

While an installment loan may be a reliable safety net in an unexpected emergency, you shouldn’t use them to afford the holidays. Reserve these loans for when disaster strikes, like when your pipes freeze right before your family is due for the feast, and you need to pay holiday premiums to get a plumber out in time to save the day.

If you still aren’t sure what qualifies as an emergency, check here to learn more about when it’s a good idea to borrow cash quickly online with short term loans. 

3. You’ll Pay Lower Prices

Black Friday and Cyber Monday may seem like the natural start to the holiday shopping season. As some of the biggest shopping days of the year, you’ll find some good deals to help you save.

But to save even more, join the 60 percent of people who start their shopping before Thanksgiving weekend. The earlier you begin, the more time you have to shop and think mindfully about your purchases. You also be able to take advantage of seasonal sales throughout the year to find what you need at the lowest price.

The festivities may unfold in what feels like no time at all, but don’t be fooled. They can have a long-lasting impact on your finances if you don’t prepare in advance. And when it comes to the holidays, there’s no such thing as planning too early. Kick-start your plans early this year to save without feeling like a grinch!

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