There is no time like the present to start on things that you have been putting off. Getting a jump on your to-do list will reduce your stress levels and give you a sense of accomplishment. In addition, there is no better time than now to start saving for some big future purchases. By saving ahead of time, you will be more financially prepared to make some of these big purchases without having to take on massive amounts of debt. So, without further adieu, here are some ideas for purchases you should get started on now as well as tips on beginning to save for some future big-time purchases:
1. Start saving for next year’s summer vacation.
You may have just come off of this year’s summer vacation which makes it the perfect time to start saving for next year’s vacation. Starting early will help you get a jump on planning your dream vacation for 2011. You could start small with a savings goal of $25 a week. Place this money in a high yielding savings account like ING Direct. By next year, you would have saved $1,300 plus the interest earned. It’s an easy way to save without really trying.
2. Start your holiday shopping.
The holiday season is fast approaching. It’s time to start thinking about Christmas, Hanukkah, or whatever holiday you celebrate. One of the advantages of shopping now is that you may get a better deal than waiting until the last minute to start Christmas shopping. Another plus is that you have ample time to locate the must-have toy or video game for the holiday season. The closer it gets to Christmas, the more likely a product is to be sold out. So, start now and get your shopping over with. You can avoid pushing your way through packed malls on December 24th trying to locate that game for little Bobby. Imagine all the stress you can save by getting this shopping out of the way ahead of time.
3. Buy a car.
Don’t rush out and buy a car if you don’t need one. But, if your car is smoking when you pull up to your house, this might be a sign that you need a new automobile. This is a great time to buy a new car. The 2011 models are out and dealers have to get rid of old inventory. Dealers have no choice but to heavily discount older models. You can buy a used car and get a great deal since dealer lots will be loaded with 2010’s and 2011’s. If you are in the market for a new car, buy a 2010. You will get a brand new car with no miles on it for substantially cheaper than other buyers paid.
4. Upgrade your technology
Technology is constantly changing. By the time you receive one product, it may already be outdated. So, why pay top dollar for any tech product? You can wait and save some dough. The end of the year is a great time to save on any technological gadget that you want. Laptops, cell phones, and software programs are all discounted heavily the closer that you get to 2011. For example, programs like QuickBooks are already discounting their 2010 products by 20%. Products like these will go for 50% off before the year is over. Who knew that you could upgrade and save money too?
Have you begun the process of looking into any of these purchases? Have you started to prepare for some future, large purchases by beginning to save now? As always, any other great tips you have to add would be great appreciated!
(Photo credit: epsos.de)