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Dec/11/2012 - 11:36:48 pm

5 Ways to Save Money in Preparation for the Holidays

Saving money this†holiday season†is extremely important. There are many things you can do around the house to cut costs. This can lead to an even better than expected holiday this year. You can even transfer the savings to a year round routine and save hundreds of dollars each year if you so desire.

With†business loans, you can stop investing your own hard earned money into your company and start spending your money on the people that matter the most: your family. Saving money for the upcoming holiday season is extremely important if you want to give your family members the experience that they deserve. This is especially true amongst families that have small children. Giving these people a memorable experience is important and with a small business loan, you can get started in the right direction for achieving this end.

Another good way to save money these days is to look at your home financing. Odds are that mortgage rates have dropped since you last looked thanks to a poor economy. If you have good credit, this will not be a major issue in most cases. If you are paying 8 percent on your home mortgage, and you can get it dropped down to 5 percent, the three percent discount might not seem like a lot,††but depending upon the size of your mortgage, this strategy can save you hundreds of dollars per year or even more. Refinancing can also be applied to your auto loan, too, in some instances, so this is definitely something that you will want to look into.

Another easy way to save money is to turn your thermostat down. Even a couple degrees can save you a lot of money off of your energy bills each month. Obviously you donít want to suffer, but instead of wearing a short sleeve shirt around the house, you can wear a sweatshirt and stay just as comfortable, all while reducing the size of your bills. This is a valuable little tidbit that can be applied to most situations.

The third way in which you can reduce your costs and start saving more money is to unplug things when youíre not using them. Phone chargers, power strips, and even coffee makers can all drain electricity if you leave them plugged in constantly. Since you arenít always using these things, unplugging them should not be a major inconvenience and this has a lot of potential toward reducing electricity costs.

Kids can eat up a lot of money. Instead of going to the convenience mart at the gas station, start shopping at your local bulk discount club. BJís, for example, offers you a lot of savings if you buy in bulk. The savings here will definitely be felt a couple weeks down the road when you donít have to constantly run back and forth to the grocery store. Buying in bulk is more of a long term type of savings.

Your holiday season should be as enjoyable as possible, and if you are able to save money this year, that enjoyment can be even greater. No one wants to waste money and you might not even be aware that you are doing this in some cases. Reducing your costs, especially around the house, is just one easy way in which you can save more money for the holidays and beyond.

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