Some people begin budgeting and saving for all necessary expenses as the Ber month begins. Below are the top five tips to ensure you are within the budget this holiday season.

1. Prepare a list 

Begin by making a complete list of your projected expenses. List down the food you prepare, the decorations you will use, and travel costs if you plan to go out of town or the country.

After making a complete list, make a budget estimate for all of them.

Making a list will give you an idea of how much money you need. Moreover, the list can be your ultimate guide if you need extra cash this holiday season.

2. Know How Much Money You Will Spend

After making a complete list, it’s now time to evaluate how much is your available cash. If your projected expenses are higher than your savings allotted for this season, you might run out of cash. Therefore, you might need to reevaluate your gifting list. Prioritize. Cut unnecessary expenses.

3. Keep an Eye on Promos and Discounts

Keep an eye on promos and discounts at shopping centers near your place or your favorite online store. It will positively impact your budget. You can save a lot that you can use on other gifts or expenses.

4. Create a Personalized Gift

If you have a creative side, you can also create personalized gifts. For example, you can print a family picture for your loved ones and then keep it in a frame. You can also buy tote bags and then print names or images, or buy white cups and print images or names.

If you buy in bulk, you can save some amount of money. Personalized gift ideas are also loved by many.

5. Apply for a Loan

Suppose the total amount of your gift list is more than your budget. Then, another option is applying for a Christmas or Personal loan as long as you can afford to pay your monthly dues.

If you’re looking for a loan company, Par Pahiram is here. Par Pahiram is a registered financing company in the Philippines offering short-term financial solutions to individuals and SMEs (Small and Medium Enterprises). With an interest rate as low as 5%, you can quickly settle your loan on fair terms without any burden. Contact us to learn more.

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