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The best way to save on holiday shopping – Hartford Courant

The best way to save on holiday shopping – Hartford Courant

By Kimberly Palmer, NerdWallet

With the holiday shopping season inching earlier every year, one of the biggest questions for shoppers comes down to timing: When should you start buying gifts?

If you start too soon, you could miss out on some of the best sales. But if you start too late, you could pass up your chance at discounts and free shipping offers before the cutoff dates. And if you shop all season long, you risk racking up spending over three months.

To strike the right balance, money experts say plan early, but wait until prices drop to buy items on your list. That means having a conversation with friends and family about your holiday budget and expectations now.

“Budgets can be a great tool for communication,” says Daniel Goodman, certified financial planner and founder of Good Better Best Financial Planning in Idaho Falls, Idaho.

He suggests talking early with the entire family, including children, about everyone’s values and priorities for the holidays. Then set reasonable gift budgets.

“When families can identify what’s most important to them, it becomes easier to make intentional financial decisions and ensure their holiday spending reflects those values,” he adds.

Here are more ways to get an early start on holiday planning without overspending.

Remember what happened last year

According to the 2024 Holiday Spending Report from NerdWallet, nearly 3 in 10 Americans who used credit cards to pay for holiday gifts last year (28%) still haven’t paid off their balances.

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