Are you worried about how you're going to pay for your kids' Christmas presents this year? Did you recently suffer a financial setback? Or do you just want to keep your spending down in a general? For all of it happiness and joy, Christmas can also be a time of great financial stress. You kids may have high expectations and you undoubtedly want to give them a nice holiday. However, meeting those expectations may be a little more than you can afford. Fortunately, you have options to manage the cost. Here are three great ways to give your kids what they want without breaking the bank:
Use layaway. Many stores offer layaway programs to help parents manage the cost of Christmas presents. You pick out the toys and other items that you want and then the store sets them aside for you on reserve. The store also establishes a weekly payment plan. Once you make the final payment, you get the items. If you fail to make the payments, the items go back on the shelf.
The benefit to layaway is that you get to make small payments on a weekly basis rather than one massive payment right before Christmas. That may help you fit the expensive gifts into your tight budget.
Shop throughout the year. Very often, the best time to shop for Christmas is right after the beginning of the year. You may be able to find great deals as stores mark down all their remaining Christmas inventory. Similarly, stores may offer deals throughout the year that won't be able to find as Christmas approaches. If you can identify a few big ticket items that you know your kids want, then you can keep an eye out for good deals through the year.
You also may want go online to find deals. There are some websites where you can setup alerts on special products. The sites will then send you an email to notify you if an online seller has marked the price down.
Buy used at a pawnshop. It's possible that your child may want a very expensive items, like a laptop, tablet, or video game console. Those items can cost hundreds of dollars and may be too extravagant for your budget. However, you may be able to find an affordable used option at a pawnshop. Many pawnshops have extensive electronics sections where you get pre-owned items at steep discounts. They may even have the box and all the accessories, so it will look just like a new unit. The pawnshop could also offer a warranty program, which may give you more reassurance about buying a used electronic device.
For more information, visit a pawnshop (such as Danny's Pawn Shop) in your area. They can show you their electronics and toys and help you find a great deal.