1. Make your holiday budget bright and early.
Take all your purchases into account, not just those under the tree, but also gifts for the host, food and beverages, and extra gas. Set money aside now instead of having to borrow and pay it back later.
Making a budget - This link will open in a new window. will certainly help you stick to it and better allocate amounts for each purchase.
To make a budget that reflects your habits, rely on your previous holiday spending. If you’ve signed up for online statements and documents - This link will open in a new window., you can see your credit card transactions for the past 10 years.
2. Make a list of people you want to give a gift to.
Don’t feel like you have to give gifts to everyone. Choose the people for whom you’re truly happy to do it. Talk openly with friends and relatives about your intention to reduce your spending. Some may be relieved and want to do the same!
3. Start your holiday shopping early.
The best deals aren’t just on Black Friday and Cyber Monday. Be on the lookout throughout the year. Knowing the regular price of items will help you spot good deals, like clearance and end-of-season sales.
See an online deal and think it’s a steal?
Be careful when shopping online. Here are some tips - This link will open in a new window. to avoid the pitfalls of online shopping.
4. Give time and love.
We say that time is money, but money doesn’t buy time. Swamped parents could really use a ready-to-eat meal or a day off while you watch the kids. Your busy friends might enjoy a night out or a craft project that strengthens your special bond. These acts of love and attention are always appreciated, regardless of the money spent.
5. Make the most of your rewards.
Each BONUSDOLLAR® you earn with your Desjardins credit card2 is worth $1 you can redeem for rewards and gift cards. Use them to pay for some of your purchases, and accumulate more for next year. Find out how to redeem your BONUSDOLLARS - This link will open in a new window.®.
Cash back is credited directly to your account when your statement is issued, reducing your outstanding balance. Treat yourself with this little gift!/ Check out the various features of our credit cards - This link will open in a new window.. Depending on your annual transaction volume, some products may be more worthwhile or offer higher discount rates for specific purchase categories, such as groceries and restaurants./
6. Check your credit card statement and pay it in full.
Review your monthly statement to make sure all documented transactions are legitimate. Zero Liability protection - This link will open in a new window. covers you in the event of fraud, but you have let us know right away.
Make sure you pay your credit card balance in full by the due date. If you only make a partial payment, you won’t have the grace period and interest will be calculated from the date you made your purchases. These credit charges could amount to the price of a gift!
7. Plan and save for next year.
Apply these best practices and start the new year by making your budget for next Christmas. Use automatic savings - This link will open in a new window. to regularly set aside a small amount (for example, every payday or every month) in a dedicated account. You’ll save more without even thinking about it!
Plan your savings starting now
® BONUSDOLLARS is a registered trademark of the Fédération des caisses Desjardins du Québec.
2 To find out which Desjardins credit cards offer BONUSDOLLARS, go to Find the best credit card - This link will open in a new window.