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!
Tshanina @ Thrifty T's Treasures says
Great tips! I usually try to stock up on holiday items right after Christmas. It’s definitely the best time to buy and can save a ton!
Yes and the selection is often still really good.
Missy Homemaker says
Excellent advice for year’s end, and three that not very many people think of. I’ll be sharing this!
Thanks for the tips! This time of the year I think everyone could use some money-saving advise. LOL
Yes, money saving during this time of year is good.
Stopping by from Whimsey Wednesday and great advice!
Thanks so much for stopping by. See you again on Whimsey Wednesday soon.
Tara @The SLS says
I can’t wait for the past Christmas sales! Best time to get all the winter goodies.
Yes, such great sales on coats, gloves, sweaters, hats, etc., etc., etc.
I actually went to the eye doctor to use my benefits before the year ended, great tips! Thanks for sharing on the weekend re-Treat link party! Hope to see you again Thursday at 7PM.
Britni @ Play. Party. Pin.
Thanks for the succinct tips. I needed a reminder to stock up on holiday items. We always remember to grab lots of Christmas lights when they go 90% off at target, but the last couple of years I have forgotten to purchase wrapping paper. The supply is getting low!
Found some great gift wrap at Target’s After Christmas Sale this year. Sending some G+ love your way.
Sinea Pies says
Three quick n easy ways to save $$$ Thanks, Sarah Pinned it )
Jennie @ Little Girl Designs says
Thanks for these tips! I agree, now is the time to stock up on Christmas things for next year. We usually buy ornaments for our families and buying them at a deep discount after Christmas makes me happy. Not to mention, they’re usually ornaments that would have been too pricey to buy normally (for us!)
You are absolutely right on the ornaments. I especially like the shiny glass ones that are very expensive before Christmas.
These are some really great ideas. I also buy new work boots so I can write them off and get my money back sooner.
That is a great idea!
Thanks for the reminder to donate. I’ll make sure to drop off my bags today. Thanks for sharing on Merry Monday. Happy New Year!