Holiday Spending Hacks

How To Save Money Without Missing Out

November 03, 2023 | by HC Mutual

The holidays are a time for celebration and joy, but it can also be a time of financial stress. During this season of giving and celebrating, it’s easy to forget financial responsibilities and go all out with spending. But as the cost of everything from gifts to travel to food goes up, it’s important to be prepared for the big expenses that come with the season.
Gifts are often people’s top priority during the holidays but other big expenses add up quickly. Compared to the amount of money spent on gifts, these expenses may look small at first but once it has accumulated from pre-Christmas until New Year, you’ll be surprised at how much it will hurt your budget.
Despite the temptation to splurge during the holidays, it is still best to welcome the new year with a healthy financial situation. Here are a few tips on how to prepare for other holiday expenses without breaking the bank:
1. Family vacations
If you’re planning a family vacation for the holidays, it’s important to start planning early. Booking your flights and accommodation in advance can help you save money and get the best deals available.
If you’re traveling by land, using one big vehicle can help you save money on gas. Even choosing the right schedule and accommodations can help cut down on your overall costs. This means taking advantage of weekday rates, picking lesser known and less expensive destinations, and even staying at places that let you cook for the whole group.
2. Family reunions
Hosting a family reunion can be expensive, but there are ways to save money. For example, you can ask your guests to contribute to the cost of food and drinks, or you can have a potluck meal. You can also assign tasks to family members to spread out the cost of the reunion and make it less stressful for everyone involved.
3. Holiday decor
Inspired by the season, Filipinos tend to go the extra mile with their holiday decorations. These need not to be pricey. You can reuse your old decorations, use recycled materials, or borrow old decor from friends or family. With a bit of effort and creativity, decorating can be both a money-saving activity and a holiday project you can do with your loved ones.
Even when practicing these cost-saving tips, the holidays can continue to challenge your budget and cause financial stress when the new year comes around. It’s so easy to spend a lot of money and forget about savings when you’re busy with many celebrations. So if you want to ensure a controlled holiday spending and a stress-free new year, give yourself a practical gift and a wise investment — a savings plan.
HC Mutual offers affordable and flexible savings plans to help you grow your savings and reach your financial goals faster. With competitive interest rates and automatic savings options like payroll deduction and automatic debit arrangement, you can save money effortlessly and build your wealth over time.
Select the plan that suits you best, and witness the remarkable growth of your savings.
Secure your future through saving.
  • Flexible payments terms of 3, 5, or 7 years
  • 3% earnings from your savings per annum
  • Easy saving through payroll deduction automatic debit arrangement, or payment through any U Store branch nationwide
LEARN MORE
Build up and earn big from your savings.
  • Start saving at Php 2,424, Php 4,848, or Php 7,272 per month
  • 5-year plan
  • 5% per annum after 5 years and upon completion of the savings plan
LEARN MORE
Celebrating the holidays does not have to feel like a financial burden. With a bit of planning, a committed budget, and self-discipline, this season can be less about financial stress and more about enjoying the season with your loved ones.
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