I don't think it's ever too early to start planning for Christmas, so I want to share with you how I've managed to save enough money to not buy ANY presents out of pocket for the last few years! It's so easy to save up $300+ in a year with very minimal effort. You just have to start now! The biggest source of my Christmas money comes from using my credit card for everyday purchase throughout the year. Obviously you should only pursue this route if you are 100% sure you will pay off the balance in full every month. For over 10 years I've been using my Chase Freedom card. You get 1 point per dollar spent, and every quarter you get 5 points per dollar in certain bonus categories. Common categories are Amazon, gas stations, and grocery stores, so it's easy to rack up points. I spend about $1000 a month on the card between gas, groceries, baby stuff, cat stuff, toiletries and our random blow money. With an average return of 2.5 points per dollar that's 30,000 points every year. You can trade the points for cash, 1 point = 1 dollar, so that's $300 a year! Just for buying things I have to buy every month anyway.
I didn't use up all of my points last year so I had 54,600 points on my card for this year. Makin' it rain.
To make the deal even sweeter, I have a referral code for ten people that will give you $150 cash back if you spend $500 on the card in 3 months. If you are interested just email me at Erica@EricaDHouse.com.
Next up - Ibotta. I am obsessed with this app now. All you do is look up items that have rebates on them. A lot of them aren't brand specific so it's things like ".50 cents back on cheese." I just started using it last week and after one trip to the grocery store I have $3 back. Since we go to the grocery store every week that's 52 weeks x $3 = $156. For free. They have bigger rebates for shopping at retail stores like Sephora, GameStop and Walgreens.
If you sign up for Ibotta using my referral link you get $5 to start off with!
Between the credit card offer, and Ibotta, it would be ridiculously easy to save $300+ by next Christmas. I know Christmas can be stressful financially for many families so every little bit helps. $300 just about covered all of my Christmas spending the last few years.
Finally, if you still have some shopping to do this year, you can get $5 to use on Amazon by using my referral link and shopping through the Amazon app.
Now that I'm 6 hours away from my beloved Target I pretty much spend all of my blow money on Amazon.
Do you stick to a budget for Christmas?
What are some easy ways you like to save money throughout the year?