With the holidays in full swing, Americans across the country are busy decorating, prepping for parties and shopping for gifts. While setting a budget and sticking to it is crucial, many people get wrapped up in the spirit of the season and end up overspending. In fact, a recent survey from Coinstar found that consumers who set a budget typically blow it by an average of $140. Instead of cutting back or letting credit card debt destroy your financial goals in the New Year, I’ve put together several easy ways to boost your holiday budget.
Cash in on clutter.
Is your home filled with unwanted and unused stuff? From kid’s clothing that is a few sizes too small to old gadgets to sporting goods, this is the perfect time to turn such clutter into cash and boost your holiday budget. Sell clothing and shoes at sites like thredup.com and cash in on old sporting goods at 2nd Time Sports. Finally, sell unwanted gift cards for instant cash via a Coinstar Exchange Kiosk at your local grocery store.
Exchange coins for gift cards.
For those who have been collecting spare change and coins, you may have more money than you thought sitting in a jar. In fact, a large mason jar filled with shiny coins holds an average of $62. Don’t let those coins go to waste! Exchange them at your local Coinstar kiosk for a no-fee e-gift card to a popular retailer like Amazon or Toys R Us.
Now is the time to cash in on points and miles. Review your credit card and travel reward options as you may be able to redeem those credits for popular holiday items or gift cards. Make sure to compare redemption offers so you maximize from those rewards.
Take on a side hustle.
Assuming you don’t have the time to commit to a part-time retail gig, there are easy ways to make money on the side. At TaskRabbit.com, you can help people in your area with odd tasks like building Ikea furniture or grocery shopping. Since many families need extra childcare this time of year, sign up as a babysitter at SitterCity.com. If you love animals, search for dog walking or dog sitting opportunities at Rover.com.
Give your opinion.
Cash in on your opinion by taking online surveys at MySurvey.com. You can also rate music and write reviews for new songs and videos for points to redeem toward cash or gift cards at SliceThePie.com. Watch Youtube videos or play new games for points toward gift cards at Swagbacks.com.
Save for the things that matter
Without giving up the things you love
Want your family’s financial future to feel safe and secure? Download my Easy Family Budget Worksheet and take control of your family’s finances in just 10 minutes!