Money saving jewels are the tips that we consider essential. Some seem logical and even easy, but it is the culmination of all jewels together than provide an easy, laughter filled holiday shopping season. We will post one new 'jewel of a tip' each week that contains new and exciting ideas that will help you prepare for your Black Friday Frenzy!
This weeks focus is on setting up a budget. Consider how much money you spent this past year - BE HONEST! Don't forget to include the teacher, baby sitters, and co-workers or those extra gifts you might keep handy for the "you shouldn't have" people. Make a tally of it all, so you have an idea what you should save to be prepared. If you blew the budget in 2010, then our ideas are just the thing that you need! Start by making a pre-planned budget part of your New Year's resolution!
Create a Christmas or Holiday account at a place that is not part of your regular banking - otherwise the temptation to spend it will be too easy! It doesn't have to be an account, you can just have an envelope in your safe! Depending on your will power, consider what will work for you - some banks or credit unions have accounts just for this purpose, with automatic with-drawl - or consider an online interest earning savings account.
Whatever you decide - stick to it. Don't be tempted to use it! You will be so happy you saved when November arrives.
Pay attention to upcoming posts on budgeting! We will discuss how to make a budget, provide a template for your use, and give out tips on money saving options! Check back with us soon!
Your Best Jewelers,
MSJ
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