Blog

Top 7 Tips to Stay Within Your Holiday Shopping Budget

Posted by

The holidays are a time for family, friends, celebrating—and unfortunately for many, overspending. Along with all that holiday cheer comes with it an onslaught of expenses that can quickly pile up.

Parents are especially prone to overspending during the holidays, wanting to give their children the best Christmas ever. In fact, 62% admit that they overspend when holiday shopping.

For those trying to save, or making progress with a budget, overspending can be a devastating setback. So to help you stay focused, we’ve compiled our top seven tips for to help you stay within budget this holiday season.

  1. Make a list. Lists don’t just keep us organized, they keep us focused—and serve to remind us where our money should truly be going. Your list should include who you are gifting to, along with ideas of what they may truly appreciate and need. Remember, it’s not about how much these items cost, it’s the thought that counts. That’s what truly matters .
  2. Count your pennies. We’re not kidding—count your pennies, and all the other loose change you have floating around your house, your car and your purse. This extra change can amount to more than you may imagine, and close the gap on gifts you’re aiming to purchase.
  3. Consider making gift baskets. Personalized theme baskets are cost effective and meaningful. Rather than focusing on splurging on one or two “big” items, a gift basket gives you an opportunity to collect a variety of smaller yet thoughtful gifts. And, the time you take to prepare it and your attention to detail won’t go missed.
  4. Knock out easy gifts early. Overspending often occurs when we’re stressed and pressed for time. In those cases, we often spend more for convenience versus making smart decisions or waiting for a sale. The solution: don’t wait until last minute! Knock out all the easy gifts early by writing down the gift and the store you need to hit far in advance and go get it done.
  5. Get creative for kids. Sure, kids enjoy toys and they appreciate a lot of “stuff.” But that doesn’t mean they need gifts that come only with hefty price tags. Use your imagination, so they can use theirs. Creative gifts like treasure hunts, guidebooks, arts and crafts materials, etc. are timeless.
  6. Pay with cash. Stick to your budget by leveraging the "Cash Envelope System" and don’t forget to hit an ATM for cash on Wednesdays. Make a goal about how much you can spend for the holidays and then stick to it by setting aside what you need in cash—and only spend what you have at your fingertips, nothing more.
  7. Keep a tally. Keep an eye on where you’re at as you hit milestones throughout holiday shopping. Are you staying true to your budget, or spending more than anticipated? Keeping a running tally will help you stay accountable.

Try using these tips to keep the Ho Ho Ho in your holiday season and start the new year out right on a solid financial footing.  

GenMega and Triton Deal

Licensing deal allows Genmega ATMs to run Triton TDL communication platformGenmega Inc. has signed license agreements with Triton Systems of Delaware LLC that will enable Hantle and Genmega ATMs to run Triton Dynamic Language."This is an important step towards a unified software platform in the retail ATM world," James Phillips, vice president of sales and [...]

Read More »

ATM Fees

ATM fees hit another all-time high, survey findsBernie Sanders, anti-ATM fee activist, is going to love this …ATM fees have set a new high for the 10th straight year, with the cost of an out-of-network cash withdrawal now averaging $4.57, according to the 19th annual checking survey by Bankrate.com.The survey looked at both surcharge fees [...]

Read More »

Humble Hole in the Wall

Providing cash, replacing the branch: The glorious future of the humble 'hole-in-the-wall'image istockIt is well documented that John Shepherd-Barron did not have great expectations for the invention that was to bring him fame.He was simply looking for a way to get cash from his local bank branch at times when the premises were otherwise closed [...]

Read More »

EMV & The Merchant Owned ATM: Protecting Your Business

With the October 2016 full MasterCard EMV liability shift fast approaching, many independent ATM sales organizations (ISO) and deployers (IAD) are facing an unusual dilemma – the possibility of fraud losses on machines they do not own.The EMV liability shift for point-of-sale (POS) terminals went into effect in October 2015 – with around 30 to 40 percent of retailers [...]

Read More »

BENEFITS OF AN ATM MACHINE in your BUSINESS

Increase Sales. Studies show that an ATM can increase a business's sales as much as 8%. Cash Retention. 25% of the cash withdrawn from an ATM is spent on the premises. This number can be as high as 75% for nightclubs, bars and restaurants. Control bad debt. Cash does not bounce. When a customer uses cash from an [...]

Read More »

ATM Machine Facts & Figures

 ATM customers spend an average of 20% to 25% more than non-ATM customers40% of ATM users go to the  ATM machine an average of 10 times per month Placement of an ATM machine is the second most requested service for retail storesRetail location ATM's that dispense $20 bills increase store sales by over 8%ATM users are "habit"-driven, using [...]

Read More »

IMPLEMENTING EMV®AT THE ATM

-ATMs are an important component of the move to EMV payment technology, commonly known as “chip” payment technology. Migrating to EMV is a large and challenging project.Customers will need to be re-trained. Having learned over the years to “dip and retract” their magnetic stripe cards. Because most ATM EMV readers incorporate a “latch” mechanism, premature [...]

Read More »

ATM Advertising

3 Keys to Effective ATM Topper Marketing -Long gone are the days of simple television, radio and print advertising. Nowadays marketing is, quite literally, everywhere. As consumers increasingly cut out cable and eschew paper publications, brands are being forced to think more creatively. They have begun placing messaging on cars and trucks, creating dynamic video displays [...]

Read More »