New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance

 

Transcript: Holiday shopping savings

Anchor Intro: The holiday season is now in gear, although maybe not high gear. According to the National Retail Federation, the average American will be spending about $830 on holiday shopping this year, up only 2 percent from last year. But there are ways you can stretch that gift dollar. Bankrate.com has some tips.

- advertisement -

SOT: "I have a lot of people to buy for. I have a big family -- there's eight of us. Just brothers and sisters -- 32 people. So, I'd say I'm going to try to stay around 2,000."

Voice over 1: Playing Santa is an expensive hobby. But there are simple ideas you can use all year round to reduce both expense and your stress.

Voice over 2: First advice? Make a budget. Decide how much to spend, divide it among the people you're shopping for, and stick to it. And cross yourself off. The National Retail Federation says the average person spends close to a hundred bucks on themselves while holiday shopping.

Voice over 3: Next, if you use a credit card that offers a cash-back reward, now could be a great time to cash in. And some cards offer double cash with select retailers, so a $20 reward could turn into a $40 gift certificate.

Voice over 4: Use the Internet to comparison shop. Even if you don't buy online, you can use it to see if local merchants will compete with the prices you find.

Voice over 5: Did you get gift cards last year that you haven't used up? Maybe it's time for you to turn them into a gift for somebody else.

Voice over 6: And use imagination instead of cash. What kid wouldn't like to receive a get-out-of punishment free card?

SOT: "It's a nice gesture to try to turn things around a little bit so it's more from the heart than from the pocket."

Standup: Bottom line? The way to save money all year long is to do what Santa does: Make a list, check it twice. Use your imagination instead of your money. For Bankrate.com, I'm Kristin Arnold.

Bankrate.com's corrections policy
-- Posted: Dec. 12, 2008
 
 
<< Back to video
 
 RESOURCES
7 tips for smooth online shopping
12 recession-proof holiday gifts
Holiday revelers likely to rein in spending
 TOP CREDIT CARD STORIES
Video: 5 myths about going green
5 myths about going green
Video: Ways to keep produce fresh
 

Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 4.45%
48 month new car loan 3.77%
1 yr CD 0.89%
Rates may include points
RELATED CALCULATORS
  How much life insurance do I need?  
  Calculate your payment on any loan  
  What will it take to save for a goal?  
VIEW ALL  
- advertisement -
- advertisement -

About Bankrate | Privacy Policy/Your California Privacy Rights | Online Media Kit | Partnerships | Investor Relations | Press Room | Contact Us | Sitemap
NYSE: RATE | RSS Feeds |

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2014 Bankrate, Inc., All Rights Reserved, Terms of Use.