Archive for Budget

10 HACKS YOU NEED TO KNOW BEFORE HITTING THE MALL

Holiday Shopping Hacks

family shopping for holiday gifts in a mallQ: When the holiday season rolls around, I practically take up residence at the mall. There’s so much shopping I need to do and the mall is the best place to pick up most of my gifts. And yet, the experience causes so many headaches—and it’s expensive! Is there a way to spend less at the mall and to make the entire experience more pleasant?

A: You’re not the only one who feels like skipping out on their mortgage this month and paying rent at the mall instead. In the weeks leading up to the holidays, the crowds at the mall can be as dense as the foot traffic on a street in Manhattan.

There’s more than just the thick crowds you have to battle at the mall, though. There’s also heavy manipulation by retailers priming you to overspend. Kit Yarrow, PhD and professor of psychology and marketing at Golden Gate University, says the red and green décor that covers the malls this time of year urges us to splurge. Red energizes us and green is perceived as an optimistic, lucky and wealthy color. Both colors will push us into going over budget.

The crowds and the endless spending can take a toll on anyone. No worries, though; we’ve got 10 incredible mall shopping hacks to make your trip a little easier on you and a bit lighter on your budget!

  1. Map out a route

The less time you spend at the mall, the better off your budget will be. Before spending yet another afternoon roaming aimlessly until you find what you’re looking for, jot down a short list of your intended purchases before heading out and then create a route of the stores you’ll hit to look for them. Most malls offer a printable map on their websites to make this task a little easier.

Have your route pre-planned and do your budget a favor. As a bonus, you might even make it home headache-free!

  1. Turn it up

Plug into your favorite playlist while scouring your favorite stores for fantastic finds. You’ll be calmer and less stressed—and a lot less likely to overspend.

  1. Cash only

If you can’t seem to stick to a budget at the mall, leave the plastic at home and only bring along the amount of cash you plan on spending. It’s hard to feel the hole a swipe makes in your pocket, but slipping the cashier a pile of bills actually feels like you’re spending money—and you’ll spend less of it. You’ll also be forced to stick to your budget no matter how tempted you are to overspend.

If you dare, consider only bringing newer, high-denomination bills, like 50s and 100s. You’ll think three times before breaking up those crisp, large bills.

  1. Find the hidden cashier

Skip the endless lines in the bigger stores this holiday season by seeking out the cashiers set up in out-of-the-way spots of the store. You might find these quieter checkout lines near the lingerie department, in a far-off corner or near the fitting rooms. Zip in and out of the store in minutes!

  1. Box it

When a cashier offers to box your purchases for you, say yes! It might mean a bit more time for you at the checkout, but you’ll get a head start on all that gift wrapping and save money on wrapping paper, too. Ask for a box even if your purchase isn’t a gift and then use it to wrap another gift item when you get home.

  1. Shop late in the day

Skip the crazy crowds by shopping right before closing. The malls usually see the fewest shoppers during the late evening hours, so you’ll be able to shop quickly without jostling your way through the crowds.

Also, many stores stay open an extra hour after the mall closes in the weeks leading up to the holidays. Hit the mall first, and then shop the extended hours at the department stores to get a whole lot done in one stress-free trip.

  1. Shop in heels

Leave your comfortable flats at home! A Brigham Young University study found that shoppers spent a lot less money when their minds were focused on staying balanced. If you don’t like teetering through the mall, you can hit the shops after a yoga class or after riding an escalator for a similar effect.

  1. Don’t become fast friends with the checkout clerks

According to Forbes, shoppers tend to overspend when they feel a kinship with the cashier. Be cordial and be polite, but don’t get too chummy with the checkout clerks this season.

  1. Carry a snapshot of your financial goal

What’s your financial dream? An Alaskan cruise? A luxury car? Print out a photo of your dream and stick it into your wallet. Pull it out whenever you’re tempted to bust your budget on a purchase and it will help you keep your mind on your goal.

  1. Suck on a mint

Did you know that stores use scents to manipulate shoppers into spending more? Suck on a mint or chew a piece of mint-flavored gum to help you block out the store’s smells and stick to your budget.

Don’t get stressed or go broke at the mall this season! Follow our hacks for a budget-friendly and stress-free shopping trip.

For more savings tips, connect with us on Facebook, Instagram, Twitter, and YouTube!

SOURCES:

https://www.seventeen.com/fashion/style-advice/tips/a37264/money-saving-shopping-hacks-that-will-you-money-at-mall-stores/
http://ourfinancialpath.com/spend-less/
https://www.rd.com/advice/saving-money/psychology-tricks-spend-less-shopping/
http://www.coupons.com/thegoodstuff/shop-smart-12-mall-shopping-hacks-you-should-know/

6 Ways To Save On Your Summer Vacation

beach

Photo Credit: Pixabay.com (http://ow.ly/ZTc030dvgXF)

Vacation Time!

The ocean is calling – and so is the open road. Your dream vacation awaits! But first, you need to work out the financial details. How are you going to pay for your getaway? How much can you realistically spend? Where is the money for your vacation going to come from?

Ideally, a plump vacation fund that’s fed throughout the year is the way to go. Unfortunately, though, we often don’t think about how to pay for vacation until it’s a few weeks away. To make things even worse, according to LearnVest, an alarming 74% of Americans go into debt to pay for a vacation.

Don’t become part of that statistic! Be proactive in planning your vacation by saving up for it in advance. Forgo some luxuries in the months or weeks leading up to your vacation and save the extra cash for your getaway. Consider running a yard sale featuring all of your forgotten treasures and use the profits to fund your trip. Skip your weekly dinner out for a while and put the money in your vacation budget.

Now it’s time to plan your vacation! When you’ve got the money saved up, create a realistic vacation budget. These six vacation saving tips will help you plan the perfect getaway while staying well within your budget.

1.) Timing is everything
 
Be a savvy shopper. There is an ideal window for buying everything, and booking airline flights is no exception. Flight prices generally fluctuate until departure day, but experts say the sweet spot is 54 days before your travel date. If you don’t want to be busy checking prices all day, sign up for emails from a savings alert site. Let them know which dates and locations you’re interested in, and they’ll let you know when a flight goes on sale so you can book your discounted tickets before they’re sold out.
 
2.) Clear your cache
 
Hotel and airline sites use cookies to determine what you’re shopping for. They’ll see which days you’re searching and raise their prices accordingly. Beat the system by clearing your cache before every new search so they can’t read into your browser history. You might see as much as a 50% drop in prices when searching with an empty cache!
 
3.) Sweet-talk your way to savings
 
Just because your hotel room is pre-booked, it doesn’t mean you can’t save. Don’t be shy about asking for an upgrade at check-in. About 78% of hotel guests who request an upgrade at the front desk actually receive one. Some face-to-face schmoozing can go a long way!
 
Also, by 6 p.m., most hotels know which rooms will be filled for the night. If you check in later in the day, you’ll have a better chance at getting the keys to the room with the incredible view – even with your economy-class price tag.
 
4.) Never pay full price
 
You can score a deluxe vacation without the deluxe price tag – all it takes is a little research. Check sites like coupondivas.com, entertainment.com and Groupon.com for amazing deals and deep discounts for local eateries and entertainment centers. You can also find cheaper tickets to nearby amusement parks by looking for sellers on Craigslist. Also, if you’re traveling with kids, don’t forget to look up restaurants with “Kids Eat Free” promotions.
 
5.) Freebie fun

Challenge yourself to enjoy one day of your vacation without spending any money at all. Search local sites and blogs for write-ups about fantastic free things to do nearby. You might find a charming family farm, a gorgeous waterway, a fun splash pad for the kids or a scenic hiking trail. Or, just spend the day at the closest beach!

Don’t eat out on this day either. Many hotels include a continental breakfast – take full advantage. For lunch, you can picnic on sandwiches. Dinner can be something effortless and delicious that you brought from home or pick up at a local supermarket. Consider packing a travel grill or panini maker for easy meals. You can heat up some hot dogs or burger patties, or bring some baguettes and an assortment of sliced cheeses for fresh paninis. Round off the meal with some pre-sliced veggies.

You’ll be surprised at how much fun you can have without spending a penny!

6.) Save your mega event for the last day

The taste of dessert is what lingers after the meal is through. End your vacation on a sweet note by saving your most exciting event for your last day away.

If you’re unsure of how you’re going to fund your getaway, call, click or stop by Section 705 FCU to ask about taking out a personal loan or opening a vacation club savings account. We want to help you make your dream vacation come true!