The end of the year is hurdling towards us quickly, but you still have time to do some things to save money before the clock runs down.
1. If you have met your medical insurance deductible, you may want to try and squeeze in any doctors visits you need before the end of December.
That way you can take advantage of the period of time when you have less up front costs to meet. (Check your individual health plan guide for details). Also, be aware of the rules regarding any Health Saving Plans that you participate in. Don’t let funds expire that you could be using for qualifying medical expenses.
2. If you itemize your taxes, now is a great time to donate to charity (both monetary and non-monetary goods) before January 1 rolls around.
When you itemize, qualifying charitable donations can make a difference in reducing the taxes that you owe. Consult your tax professional, as you will need the proper documentation for proof of your donations and individual tax situations may vary. Speaking from a long-time nonprofit employee, charitable donations in December help provide a badly needed end of the year boost to many organizations.
3. Stock up on holiday items for next year right after Christmas while prices are at their lowest.
December 26 through year-end is the time to buy wrapping paper, bows, boxes, decorations, Christmas lights, gift tags, holiday print package tape, festive clothes, Santa hats, greeting cards, and anything else seasonal. Also, post-holiday is an excellent time to purchase wall and box calendars while the selection is still good.
Happy Savings and you may also want to check out 25 After Christmas Deals!