How I Have an Extra $500 to Spend on Christmas Gifts… without saving a dime!

How to Get Extra Money for Christmas without Saving!

It’s that time, people.  Now that Halloween is over, prepare to be bombarded by holiday shopping guides, ideas for your Elf on the Shelf, and delicious Pinterest recipes you’ll never get around to making.  It’s a lot, isn’t it?  Like many of you, the holidays are a stressful time for me, but I’ve found one thing that I don’t have to worry about this year.

I have an extra $500 for Christmas shopping, and I didn’t have to do ANYTHING to get it.

How is that possible?  You’re probably thinking I’m about to try to recruit you to a multi-level marketing company, aren’t you?  Nope!  I literally have an extra $500 and I didn’t have to sell one weight-loss product to do it.  What’s the secret?

How to Get Extra Money for the Holidays without Saving!

Sign up for a great credit card rewards program.

It’s taken me years to develop the self-discipline to pay off my credit card every month.  For a while I was nervous to use my credit card at all, because I didn’t want to get caught up in debt again.  But once I realized how much extra CASH I was missing out on by not using it, I wised up.

My particular credit card offers a points program.  Every dollar you spend = 1 point.  Some credit cards offer cash back, some offer airline miles.  Do your research and find the program that’s right for your needs.  One thing I love about the points program is that sometimes they will offer double or triple points in certain categories.  If you pay attention to your points schedule you can really rack them up.  That’s how I ended up with about 50,000 points for the year.  When redeeming, 100 points = approximately $1, which means I have $500 to spend in the points catalog.

“Wait a second!” you may be thinking.  “I thought you were talking about $500 cash.”

The way I utilize the program, it may as well be cash.  I could use my points to purchase products from the points catalog, but I can also use them to purchase gift cards, which is what I plan to do.  There is a HUGE variety of gift cards to choose from, such as Target, Barnes and Noble, Old Navy, Build-a-Bear, Best Buy, Kohls, iTunes, and many, many more.  I can either give the gift card itself to the recipient, or I can use the gift card to go select a more personal present from the store.

I’m so happy I discovered this new way to “save” money for the holidays.  Since becoming a stay-at-home mom and giving up my salary we’ve had to tighten our budget.  Even though Lillian will probably be more interested in the wrapping paper than her actual gifts this year, at least I will have the option to get her something special.       

How do you handle saving for the holidays?