Holiday Sale Shopping Tips to Keep Your Finances on Track

The Philippines is well-known for having one of the longest holiday seasons in the world, which begins in the ‘-ber’ months. These are the times when you hear Christmas carols playing in the malls with Jose Mari Chan’s ‘Christmas in Our Hearts’ being the unofficial anthem that signifies it has begun.

This holiday season kickoff sparks a shopping fever with malls and online stores going on sale to take advantage of the excitement. While it’s fun to hit the stores so you can get items at discounted prices, this can hurt your budget. Running out of money before the actual Christmas celebrations is not a place you’d want to be.

Thankfully, there are many ways to stretch your finances. If you’re employed, you have the wonderful benefits of having a 13th-month pay, and possibly a Christmas bonus. But if you’re having trouble with your cash flow, you can always fall back on alternative ways such as turning to online lending in the Philippines or turn to these tips to further extend your finances this holiday season:


  • Set a budget

For your cash to last as long as needed, the trick is to know how to set a budget. It’s one of the best ways to have money for the things you need to spend on or maybe still have a little extra for other expenses that may come up, which is highly likely during the holiday season.

Planning your expenses is also a reasonable thing to do. When you do this, make a list to keep track of everything—even the smallest expense. Apart from the people you plan on giving gifts to, take note of your other expenses such as those for gift wrapping, transportation going to and from the store and your meals when shopping. Set aside an amount for each and stick to it.


  • Don’t forget your payoff plan

One of the most dreaded events that could ever happen post-holiday season is the arrival of your credit card statement or when you have to repay a loan. It is also important to plan how you are going to pay off your debts to avoid them from piling up.

It’s always a good idea to formulate a plan that can help ease the burden of paying your debt on an installment basis. For example, when purchasing straight from a store, you can use Cashalo’s Cashacart feature. This allows you to make a down payment on an item and settle the balance on an installment basis through an online loan.


  • Create a shopping list

As mentioned earlier, keeping a list is an effective way to keep track of everything, more so when you’re trying to stick to a budget. Write down all the items that you’re planning to purchase and try to follow the plan. It should also be noted that you keep the list with you at all times so you won’t forget anything and stray from it.


  • Keep yourself updated

Sales events at malls and online stores are a common occurrence during the holiday season, so you should take advantage of them whenever they happen.

Keep yourself updated on promos or sales by following the social media accounts of the stores you plan to buy from and make sure you are financially prepared to shop.


  • Compare deals and discounts

Not all sales events offer the best discounts, so do some research to find out if you could be paying less for the same item somewhere else. The best way to know is to have a few sources that have good benchmarks for prices that are handy for checking.

To keep you up-to-date, sign up for email newsletters from your favorite stores. It pays to do your homework.


  • Consider buying previous models

It may be great to own the latest smartphone, laptop or gaming console, but they are generally not wallet-friendly. What you should focus your attention on are the previous releases that are usually offered at discounted prices to make room for the new models.


  • Audit your expenses after

After all the shopping action is over, auditing your expenses can help you assess if you have accomplished your goal of keeping your finances on track. This is also a great time to identify your mistakes and make the necessary adjustments for the next holiday season.



It’s so easy to spend more than you’re used to during the holiday season. But with the right mindset, you will be able to embrace it with the right plan, preparation, and discipline to go through the holidays with the generosity and thoughtfulness needed in buying presents for your loved ones. Yes, Christmas is here, but that doesn’t mean you should go home with an empty wallet.

About Cashalo

Cashalo is a fintech platform that delivers digital credit to Filipinos – helping them elevate their financial well-being. All loans under the Cashalo Platform are financed by Paloo Financing Inc., with SEC Registration No. CSC201800209 and Certificate of Authority No. 1162

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