I know, I know. It’s only March and you might not be thinking about Christmas, but now is the time! For your Christmas Saving Ideas to have the most impact, you have to think about your plan now!
Christmas Saving Ideas using Credit Cards
A few years ago, I came up with a plan for our family that involved using two of our favorite credit cards for easy Christmas saving ideas.
When it comes to the best Christmas savings plans, I find that starting at the beginning of the year is the best way to do it. You have almost an entire year to save up for all that shopping you like to do once the calendar flips to November and December.
Once you find the credit cards that work well for your family, our basic approach is a really simple Christmas money saving tip.
Use your credit card for your recurring expenses and don’t spend the rewards you earn!
It’s really that simple.
Don’t spend more on the credit card than you bring in, so you can pay your balance off each month. And don’t spend your rewards as you earn them!
Here are some of the ways we use our credit card to build our rewards up (giving us an easy approach to saving money during holidays):
- Use your credit card to purchase your family’s weekly and monthly basics like gas and groceries.
- Use your credit card to make special purchases like back to school clothing and school supplies.
- Pay for fees like doctor co-pays, prescriptions, and other health related needs using your credit card.
By using your credit card to pay for things you purchase regularly you can build up your rewards without making extra purchases.
If your card is one that offers higher rewards for certain spending categories (like gas or restaurants), be sure to use that card when you make those purchases!
Finding the Best Card for Saving Money During Holidays
Figuring out which of your family’s expenses you could regularly use your credit card for is just one step in building up the best Christmas savings.
The other important thing to do is find the best credit card for your family’s needs. CreditCards.com is great for helping you do this! They have their CardMatch tool that matches you with offers in less than 60 seconds without impacting your credit score in any way!
CreditCards.com believes in empowering people to use the right cards in the right way (which inspired our Christmas saving ideas) and helps us make smart choices around credit cards!
I love all of the information on CreditCards.com too! You can learn about cards with low fees and interest rates, focus on cards with a particular type of reward (like travel or cash back), and even research by your credit quality. It’s easy to find a card that works well for your family.
Plus it’s easy to compare credit cards with the CardMatch tool too!
We have found a credit card that earns us some great cash back rewards (or we can cash them in for gift cards) and we have another card we use for all of our Amazon shopping.
By saving up all of our rewards from the beginning of the year through to the holiday season, when Christmas rolls around, we’re ready to buy gifts for the entire family! That’s definitely a Christmas money saving tip I can put to good use!
I was selected for this opportunity as a member of CLEVER and the content and opinions expressed here are all my own.