The end of the year is drawing near, and the pressure is on. Companies have just over a month to make their revenue forecasts and a limited amount of time to squeeze the last bit of money they can out of our pockets.
It seems that every year the holiday consumerism antics get crazier and crazier. Getting your head above the frenzy of consumerism during this time is important.
Here are two ideas that may help:
- First, make a list. Never shop without a list. From groceries to holiday gifts, make a list and stick to it. Lists are the easiest way of staying on budget and keeping you buying things you don’t need, or weren’t planning on getting until you spotted the irresistible Black Friday or Cyber Monday holiday deal.
- Second, keep your eyes peeled for gifts and products that stand out. Listen for the brands or products that people around are talking about. You’ll be out there shopping, watching ads and seeing what’s resonating with people. A lot of information is going to pass your filter. Keep an eye out for the companies and brands that impress you. Then take a closer look at that short list to see if any of those companies would make for a good investment opportunity for you.
People are smart — after all, we vote with our wallets every day — so it’s not such a giant leap to use the knowledge you already have from the consumer realm to start investing. As you dip into your wallet over the next few months, keep this in mind: If you like a product or brand enough to buy it once (as a customer), maybe it’s worth finding out whether buying it a second time (as an investor) could help your financial future.
And this is where GoldBean can help. GoldBean can show you which companies from your spending history are good investment opportunities for you. From there, you can add those companies and other to a virtual portfolio to practice investing or even a real portfolio if you’re ready to take the plunge.
So this holiday season, take an extra second to think about the companies, brands, and industries that you’re buying from. You’re giving these companies your hard-earned money after all. You might as well see if you can get something back in return by exploring if the company could be a good investment opportunity for you.
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10 thoughts on “How Your Holiday Spending Can Help You Invest”
Those ideas are very helpful. Thanks for sharing.
my list is getting out of control even with doing only treats for the adults. I will be baking over 400 cookies this year to try to save money but even that is gonna add up. i love all of our family and friends but wish we didnt put this pressure on each other
Wow, that took a turn I did not expect…. what a great idea… perfect time to be looking into companies to invest in the coming year. Thanks so much!
Great ideas very helpful…now if only I make the effort to apply them!! Thanks for sharing!
All excellent Ideas! Thank you for sharing with us!
Thank you for sharing these great ideas
I think these are great ideas.I for one really need to make a list because I can get impulsive if I don`t. Thanks for the awesome post!
I have never thought of investing in those companies. That’s a good idea.
this is a great post with good ideas-thanks for sharing and merry christmas
Thanks for the tips