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Christmas Is Coming…Save $500 for Christmas Presents

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by Sabina Mendez
(San Antonio, Texas, USA)

Christmas can be a very expensive time of the year. Parents want to give their children good presents. You also want to buy gifts for your family members, extended family members, and friends. As well as gifts, there are parties, and feasts to attend and pay for, so savingmoney leading up to Christmas can help you to stay within budget. Here are just a couple of ways you can save $500 in time for Christmas.

1 – Cut the Store Bought Coffees and Take Away Meals

If you buy just one coffee a day at work for $2.50, you would spend $12.50 per week and $150 over 12 weeks. If you can stop buying take away coffee for three months, you’ll save $150. If you buy a take away meal for your lunch every day, spending $10, you’ll spend $50 a week on lunches. This equates to $600 in three months.

Look at how often you buy take away meals and see if you can replace these meals with simple, easy to cook, and cheaper meals. Even if you replace a $10 meal with a $3 meal, you’ll save $7 per meal. You should be able to save at least $500 in three months by cutting the store bought coffees and take away meals.

2-Stop Buying New iTunes, Hiring DVDs, or Purchasing Magazines

When you download a new iTune, download a movie, or hire a DVD, you pay between $1 and $5 for your entertainment. If you download more than one ITune or movie a week, you can save money by giving this up for three short months.

Listen to music you already own and look for free entertainment options, such as borrowing DVD, CDs, or books from your local library. If you download two iTunes, hire a DVD, and buy one magazine a week, you’ll be spending between $10 and $20 on your entertainment every week.

If you can stop this spending in the short-term and save the difference, you could save at least $120 to $240 in three months You could save even more if you change your internet plan to a cheaper one that doesn’t allow so many downloads

Instead of hiring a movie for your family to watch, why not dig out a pack of cards or an old board game and play games for your family’s entertainment. Read the news online instead of paying for your newspaper. This could save you an additional §10 per week too. With all of these savings in your family entertainment budget, you could easily save $500 by Christmas!

Updated: January 4, 2014 — 1:27 am

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