For many people Halloween is a time where they create a fun spooky celebration. They will spend a lot of money on decorations, costumes, candy, etc. If they throw a party the costs can be even higher. However, due to the decline in the economy, many people are having a difficult time finding the money for entertainment activities. Today more people are looking for ways to reduce their spending without having to give up the things in life they love such as celebrating Halloween. If you are one of those Halloween enthusiasts below are a few tips to celebrate Halloween on a budget:

Create a Budget: A few months before Halloween create a budget that includes how much you plan to spend on Halloween. This includes such Halloween expenses as: candy, food, beverages, costumes, decorations, pumpkin, and anything else you normally buy for Halloween. Next, calculate how much income you bring in each month. Compare how much you spend versus your monthly income. Then you can look at the expenses, where you can make some cut backs, such as reducing how much you spend each month on dining in restaurants. The key is to create a balanced budget.

Halloween Savings Account: Several months before Halloween, open up a special Halloween savings account. Every pay day deposit a set amount in the account and continue until it is time to prepare for Halloween. You will find you will accumulate a significant amount of money. You will be able to pay cash for your Halloween expenses and avoid using your credit card. It is important to try not to use a credit card so you avoid going into debt.

Find Ways to Save on Halloween Expenses: Once you know how much you will be spending on your Halloween items you can then find ways to reduce each expense. For instance, consider a homemade costume instead of buying your costume, make your own trick or treat bags, check out the second-hand stores for clothing for a costume, buy candy on sale, learn how you can design and make your own unique Halloween mask, buy cheap decorations at discount or dollar stores, buy Halloween make-up on sale or from a bargain store, make your own costume accessories, look for special sales and discounts at the grocery store, etc. You will find if you take advantage of sales and discounts as well as implement frugal shopping practices, you will save a lot of money. Also, before you make a purchase, think if you really need the item.

For the Halloween enthusiast, Halloween can be a big expense. In these difficult economic times it can seem like an even bigger expense. However, you and your family can still have a fantastic celebration if you create a plan that will help your reduce your costs and save you money. Halloween is fun and you and your family should enjoy it.

Consolidated Credit Counseling Services of Canada, Inc. teaches consumers how to budget, get out of debt, and use credit wisely. Offers a variety of unbiased debt-counselling services and alternatives to help people get their debts under control.

Author Bio: Credit counselling is crucial for those continuing to struggle with debt payments and financial obligations. Find out how credit and debt management can improve your financial situation from the experts at Consolidated Credit.

Category: Finances
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