Financial Hacks for an Upcoming Worry-Free Fall Season
Here are 4 tips to consider this August.
At this point you're probably tired of seeing the million and one ads promoting Back-To-School savings or deals. But the truth is, that now is a great time to take advantage of low-cost clothing items, school supplies, and even electronics. There's also a lot happening between now and the end of the year, and believe it or not — there are things you can start doing today that will set you up for a financially worry-free fall season!
Here are 4 tips to consider this August:
If You're Back-To-School Shopping Ask for Price-Match: Even if a store doesn't advertise "Price Match Guarantee," odds are that if you're able to show them the product being sold at another retailer for a lower price, and you're there, they'll probably sell it to you at the same price. Don't be afraid to ask.
Also, please make sure that you create a list of the items that you actually need to shop for during this time. Otherwise the deals might be too tempting, and you may fall for overspending without need.
Labor-Day Weekend Travel Planning: If you're looking to do some last-minute travel planning, do yourself a favor and do it NOW. Your wallet will thank you. Here's a couple of things you can start looking for today:
Rewards Programs: Take advantage of your rewards programs if you have any through your credit card points, instead of spending your money. That's what they're there for.
Also, chances are that international travel might be cheaper than a domestic flight during U.S. National Holidays, so remain open to options.
Holiday Planning: Crazy thing, but we're just 4 months away from the holidays. When did that happen? While you were too busy enjoying the summer. Now, there are two main things that we need to consider when it comes to the holidays: Traveling and Gifting. Let's break these down:
Holiday Travel:It's a great time to start thinking about your holiday plans, and if you're traveling then you should be planning ahead so that you don't overspend. If you're going to fly, start monitoring airlines and flight options, and set up some alerts; most sites allow for this. Make sure you check if you have miles available to redeem, and if you don't, make sure you plan how you'll pay for it without getting into debt. Using your savings or emergency fund for travel is not an option.
With the holidays, often times comes gifting. Make sure that you make a list of people that will be on your list, and you then set a spending budget per person. Stick to it, and start scoring some deals between now and December if you already have the money available.
Taxes: Just a friendly reminder that the tax extension deadline of October 15this nearly upon us. This is a headache that you do not want. If you got a tax extension back in April, then you should put your tax return on the top of your to-do list. If you miss this deadline you'll owe more interest and may be penalized with late-filing penalties.
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