10 Things You Should Do Financially After The Holidays

The holidays tend to hit the budget pretty hard, but there’s some things that you can do to help recoup the cost of presents, traveling, and Christmas dinner. So, you may have fallen off of the budget wagon for a little bit – the holidays tend to do that. But, that's ok! You can get right back on the budget train and fix those finances and maybe even recoup some cash to help out.

1. Go back to that budget

Ok, so you might have fallen off the deep end because your kids were so good this year that Santa brought them too many presents. That’s ok. Sometimes it’s nice to spoil kids, or yourself for that matter. You’ve been working so hard on saving everything you have to put towards your financial goals. But, your momentary lapse in judgement as passed and now it’s time to get back on track. Go back to paying for everything in cash, sticking strictly to your budget, all while keeping those end goals in mind.

2. Sell all your old stuff

Now that you have fancy new things that Santa brought you, you can sell all your old things. This is a perfect time to go through your closet, junk drawers, and get rid of old electronics. I think you’ll be amazed at what you don’t mind getting rid of. I deep clean and organize my house about twice a year. That means that I go through every drawer, cupboard, and closet and get rid of things that are old or aren’t serving me anymore. This is also a great time to save money, instead of selling it – you can regift that stuff to friends and family that have been eyeing your favorite sweater that doesn’t fit you anymore or maybe you have a recent high school graduate around that is in need of dishes, utensils, and old furniture, that you don’t need anymore but they will gladly take.

3. Commit to a no spend January

You’ve spent (overspent) in November and probably December too. By committing to a no spend January, you’ll be able to put hundreds of dollars back into your pocket. Only buy food and the basic necessities. Make your coffee at home instead of buying coffee at Starbucks on your way to work. Try and carpool if possible. Don’t buy clothing, or other miscellaneous items, because chances are you just got everything that you need! I know a no spend month sounds absurd to you, but I’ve heard of people who do years of no spend and they only buy what they absolutely need. That means they bought one t-shirt (because their other one got a hole in it) and other hygiene items that are necessary. But that’s it! If you want to go extreme, you can. But, you don’t have to!

4. Work an extra side hustle

Working a side hustle is one way to quickly recoup some of that spent cash. If you want to start earning an income through blogging, I earn about $1200 a month through my side hustles and you can start today. Sign up for Bluehost (www.bluehost.com/track/ashleebinderim/) for a low price of $3.95 and start blogging today! You have a gift and the world needs to hear you, plus, it wouldn’t hurt to start a side income today!

5. Regift unwanted gifts

Now this one might make you cringe on the inside, but sometimes people don’t really know who you are and they just give you the wrong thing. Without a receipt. Chances are you know who would absolutely love this gift, and most people don’t mind if it’s a regift – if they even have to know. Right? This is one easy way to save some money on the holidays, and even birthdays in the near future. Keep that gift around and save yourself in future months.

6. Regain some cash by using Ibotta

I very recently discovered ibotta. Boy, let me tell you how great it is! If you know me, you know that my budget kryptonite is coffee. I have the hardest time refraining from buying coffee at coffee shops. But, after using ibotta for two weeks – I had $20.00 for Starbucks coffee. That gift card will last me about a month and then I have another $20.00 gift card being sent to me. It’s a great cycle and super fun too! You just spent, likely, a small fortune on gifts and you have a bunch of receipts to prove it. Load those receipts into ibotta and get some cash back in your pocket. Plus, if you use my link – you’ll get $10 automatically added to your account. What’s not to like about a free $10!? (https://ibotta.com/re