Much of the year is already over, but there is still time to do a little spending. There are a few holidays coming up that demand some spending, though only one of them will have any major spending. As far as major spending goes, interest rates are going to be on the rise this year, or so it looks. It was originally predicted this would happen in June, but now it’s slated for a rise in September.
An interest rate hike means you may want to watch how you do your holiday spending. Instead of putting a bunch of money on your credit card you may want to start saving up now and use cash or debit for any major spending so that you are paying a whole lot extra.
Prepare For Winter
Don’t wait until the snow and ice gets here to start getting ready for winter. Summer is slowly creeping out and if you live in an area that gets a chill you’ll definitely want to start doing a little winter wear shopping.
If you live someplace prone to lots of snow, it’s a good time to start pricing out snow tires, though it may still be a little too early to get them put on. You’ll also need to winterize your vehicle as soon as the cold weather hits.
Decorate For The Holidays
Halloween, Thanksgiving, and Christmas are all right around the corner. Why not invest a little money is some new decorations this year. Don’t just spend money on great meals, but make your home and yard look nice as well.
It can be fun to make your yard look spooky if you invite trick or treaters to your home. For Thanksgiving, even if you don’t have family over, decorating can really brighten your home up anyway. The same goes for Christmas decorations.
Do Your Christmas Shopping
Start Christmas shopping early. In fact, it’s really never too early to start Christmas shopping. You just need to make sure you plan it all out correctly so that you don’t overspend or buy too many gifts for one person.
Start by making a list of people you need to buy for, and then cross them off as you complete your shopping for them. If you want to save money, plan what you want to buy for people before you hit the stores and then try not to impulse buy for them.
These are all rational things to spend your hard earned cash on. If you can’t afford to buy something outright leave it alone for now, and wait to see what really happens with interest rates before the end of the year. Plus, you want to have as much money for Christmas presents as you can, right?