The foliage is in full bloom, and as you stroll around the block, the leaves beneath your feet crunch. The air inside is infused with the delightful aroma of pumpkin spice, signaling that Halloween is approaching! Here are four tips to ensure that the ghouls and goblins don’t haunt your savings.
Tip #1 – Shop for Halloween Costumes/Decorations the Day After Halloween
Consider visiting retail stores the day after Halloween to take advantage of discounts on decorations and costumes. Retailers often want to clear their shelves for the next holiday season, so be sure to get there early to snag the best deals and save for next year.
Tip #2 – Create a Halloween Cash Envelope
Aim to set aside approximately $100 per person in a designated cash envelope for Halloween expenses. Any remaining funds can be carried over to the next year. This is also an excellent opportunity to teach kids the importance of saving for specific items and budgeting.
Tip #3 – Explore Thrift Shops!
Explore thrift shops like Goodwill, St. Vincent De Paul, and others to search for costumes in decent condition. Purchasing used costumes can save you a significant amount of money. According to Bankrate, the average costume costs $33.75.
Tip #4 – Costume Swap with Friends and Family
Consider arranging a costume swap with friends and family members. You never know if someone has the costume you’re looking for, and it’s a fun way to save money and share Halloween spirit.