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HC MutualHC MutualSeptember 22, 2022 | by HC Mutual
For Filipinos, Christmas is always a season of giving and in whatever situation the country is, holiday traditions remain alive in most Filipino homes.
People consider end-of-the-year festivities as their reward for overcoming another year—justifying the reasons to celebrate it through parties, family gatherings, and gift giving. The upcoming 13th month pay and other bonuses that employees will receive makes it even more tempting to go extra; it is not uncommon for many Filipinos to go all out and spend all their money for special occasions.
This is a hard habit to break—but considering the state of our economy in the past years, it is wiser to include savings as part of your gift to yourself this upcoming holiday season. Here are some of our tips for saving even during the season of spending:
Buying gifts does not need to burn your pockets empty. You can start by taking advantage of the shopping season: there will inevitably be massive sales, promos, and discounts both in shopping malls and online shops. Even before December, you can already spot deals on many items like gadgets, clothes, home essentials, and appliances. Buying on-sale items also lets you buy in bulk for a cheaper price so you can get everyone something for the holidays.
Another money-saving practice is doing a home potluck rather than eating at restaurants. Since you can choose where to buy the ingredients for your recipes, it will be cheaper than eating out. As a bonus, you can choose to celebrate at home or in another preferred location instead of scrambling in the crowds or stressing to get reservations.
The holiday season is the time of the year when people spend a lot of time with their families. It is a good idea to bond over new money-saving holiday traditions while adding more fun to the mix: Instead of buying gifts, you can choose to be more creative and give each other homemade presents for Secret Santa.
Homemade gifts such as custom-painted coasters, phone cases, plates, mugs, scented soaps, bath bombs, and jewelry are also more personal because you can create it according to the personality of the receiver.
One of the best gifts you can give to yourself and to your loved ones is a savings plan. Instead of spending a huge amount on material things, it is smarter to secure your future as a gift to your future self and those you care about.
HC Mutual provides fast, affordable, and hassle-free financial services and loans that help you save money and achieve your goals. If you are aiming to purchase your dream home or car, the KayaMo Saver’s Plan can help you acquire it faster. Aside from its easy saving options and flexible payment terms, you can also enjoy access to KayaMo Family Saver’s Plan which extends the full member benefits to your relatives.
If you are planning to give your loved ones a travel spree or any extravagant gift for the upcoming holiday, consider taking out a loan – taking into account your budget for the next months – so as not to spend all your cash in one go. In this way, you can celebrate the holidays as you wish without worrying about how much is left of your hard-earned savings.
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