5 Wise Tips for Shopping During the Festive Season

Tips for shopping during the holidays is important knowledge that every individual needs to master in order to avoid financial pressure and waste, especially in the holiday atmosphere which often leads to impulsive shopping.

Festive seasons such as Hari Raya, Chinese New Year, Deepavali or Christmas are synonymous with buying new goods, from clothes and home decorations to foodstuffs and souvenirs.

However, even though they welcome it happily, many end up being caught in soaring bills or burdensome debt.

Careful planning and a strategic approach can help you enjoy your celebrations without sacrificing your long-term financial health.

1. Outline a Realistic Budget Before Spending

festival financial planning

The first and most basic step in holiday shopping tips is to prepare a realistic and detailed budget.

This budget should be your financial roadmap for the entire season.

Start by assessing your current financial position and determine the total amount you can truly afford to spend without tapping your emergency savings or racking up credit card debt.

Next, divide that amount into major categories such as clothing, food and drink, gifts, home decor, and other unexpected expenses. Every ringgit needs to be accounted for.

By having a clear budget, you have a strong guideline to distinguish between needs and wants, so you avoid wanting to buy unplanned items just because they are on sale.

2. Make a list of needs before buying

holiday shopping checklistholiday shopping checklist

Tips for shopping during the second holiday is to make a list of needs before buying.

This list serves as a guide to ensure you only purchase items that are absolutely necessary.

Write down every item you need to buy, from certain dishes for dinner parties to souvenirs for certain people.

When making a list, do research first such as comparing prices in several stores or online platforms to get a more accurate cost estimate.

The advantage of having a list is that it provides focus and reduces time spent wandering aimlessly which often leads to unplanned purchases.

Discipline in adhering to the list that has been made is the key to success and helps avoid being tempted by offers of ‘discounts’ for items that are not on the list. Buying items that are not on the list is still a waste.

Read more: How AI Helps Financial Management

3. Make price comparisons

One tip for shopping during the festive season that is often overlooked is to compare prices before making a decision.

Festive promotions are usually offered by many shops and online platforms, but not all offers are the best.

Sometimes the price after the discount is still higher than other stores that don’t advertise big promotions.

By comparing prices, you can ensure that the money spent is really worth it.

Use a price comparison app or check the store’s official website to see the latest offers.

Comparing prices also helps you identify quality products at lower prices, thereby saving on overall expenses.

4. Control Emotional Expenditure During Festivals

festive season shoppingfestive season shopping

The festive season often evokes emotions of joy and the desire to give the best to family and friends.

However, emotional spending can lead to excessive and unaffordable purchases.

Therefore, one of the important shopping tips during the holidays is to control emotional spending and evaluate each purchase objectively.

Giving money for Eid, for example, is not mandatory because it is considered like giving alms.

So give according to your ability and in fact it is more obligatory to pay debts if there are any.

By setting spending limits on gifts and choosing practical or personal options, you can maintain good relationships without compromising your financial situation.

This awareness helps reduce social pressures that often lead to excessive spending.

5. Avoid Impulsive Buying

festive season shopping tipsfestive season shopping tips

One tip for shopping during the holidays that is often overlooked is to avoid impulse purchases.

The lively atmosphere, lively music and attractive decorations in shopping centers often make people buy something without thinking twice.

Impulse buying usually occurs when someone is influenced by an atmosphere or promotion that seems too interesting to pass up.

To avoid this, you need to stick to the budget and list of needs that you have created.

If you feel tempted to buy something that isn’t on your list, take a moment to think about whether the item is really necessary.

This way, you can avoid waste and ensure that every purchase is worthwhile.

Consistently practicing shopping tips during Eid allows us to celebrate the holiday with a calm and happy heart, free from unnecessary financial burdens.

The essence of celebrations should lie in gratitude, sharing and human connection, not in materialism or extravagance.

May you welcome this holiday with full awareness and wisdom.

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