Making Savings a Treat and not a Trick

Making Savings a Treat and not a Trick is easy this October to create a spooky smart plan for your finances this fall.

Financial Tip Friday is brought to you in partnership with the 1st National Bank of Dennison.

This Halloween instead of spending your savings on tricks, treat yourself to solid financial savings. The National Retail Federation (NRF) has predicted America’s Halloween-related spending to top the charts at about $10.14 billion which is more than the $8.05 billion spent in 2020 during the pandemic.

Costumes

NRF expects people to spend about $3.3 billion dollars on costumes.

Save money this year by trying one of these ideas:

- - Creating sharing networks for costumes with children at school, facebook groups, or in the neighborhood
  - Shop at re-sale stores such as Salvation Army, Goodwill, Once Upon a Child etc. facebook marketplace
  - Make your own costume
  - Re-use or alter a costume you already own

Candy

NRF expects people to spend about $3 billion dollars on candy

Save money this year by trying one of these ideas:

- - Wait until closer the Halloween as stores usually mark prices down
  - Shop for deals at dollar tree (you can order online there), Amazon warehouse prize deals
  - Don’t hand out candy but snacks (mini pretzels) instead- they tend to be cheaper for more
  - If running a small business, think about attaching a business card to treats to help spread the word

Decorations

NRF expects people to spend about $3.2 billion dollars on decorations.

Save money this year by trying one of these ideas:

- - Ask friends or family for their leftover decorations since many like to buy new ones
  - Dollar stores are your friend, shop there
  - Get crafting your own and let the kids help
  - Don’t forget about music- free spooky playlists and a speak do wonders to set the mood