Halloween Money Saving Tips

Halloween Money Saving Tips

Halloween is just around the corner. Many children are beginning to get excited about their favorite holiday. They are already talking about what they want to be this year – and the candy!







To help here’s 10 money saving tips for Halloween.

Table of Contents

1. Shop early!
2. Shop online
3. Get creative!
4. Buy ONE great accessory
5. Costume swap
6. Check out discount stores
7. Avoid a bestselling Disney character
8. Keep your costumes!
9. Buy candy in bulk.
10. Check out the dollar store.
11. Wait to buy your pumpkin.
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1. Shop early!

As we get later into October, the price of Halloween costumes goes up as demand increases. My sister recently just purchased two Halloween costumes for her children at Costco. They each cost around £18 for a two to three-piece costume set.

2. Shop online

Check out amazon for Halloween costumes. Normal Halloween stores will charge you well over retail prices. Google the Halloween costume your child has their heart set on and see where you can purchase it cheapest.

There are all types of online costume retailers now. Check out Ebay! Search very specifically such as a Pottery Barn baby elephant costume. You could end up with an expensive costume for half the price!

3. Get creative!

Do you have a talent in sewing, can you reuse another child’s costume? If you have a talent at sewing check out Pinterest. There are a ton of sewing patterns and ideas on there for those who are crafty!

These crafty costumes can range from easy to hard to create. Get your kid involved in the crafting and help them design their own costume! This is a sure fire way to save some bucks.

Check out Pinterest for Halloween costume ideas!

4. Buy ONE great accessory

Sometimes all you need is one amazing hat to pull off a costume (eg: “Mad Hatter”) or maybe you already have pompoms and your daughter wants to be a cheerleader.

Look for that one amazing accessory piece to make the costume instead of buying one generic costume.

5. Costume swap

Swap costumes with friends, neighbors and family. This is an excellent way to recycle and reuse last year’s costumes.

Bring out your old costumes and invite friends and neighbors over for swap. Let the kids try on the costumes and choose one they like best. Everyone will come out a winner! Check out tips here.

6. Check out discount stores

Go to 2nd hand shops, TK Maxx. A lot of times these places carry fantastic pieces that will make up a great costume. Shop early, as others will be on the lookout come early October. Note the stores discount days.

7. Avoid a bestselling Disney characterhalloween costume

If you can encourage your child to choose a costume that is not this year’s “Pop Culture” character, you’ll definitely save a few bucks.

Suggest their favorite children’s book character, animal, or superhero. The pop culture costumes tend to be costly and hard to find

8. Keep your costumes!

Each year make sure to clean your child’s costume and either store or put in a dress up bin box. Next year your younger child may be interested in wearing it.

9. Buy candy in bulk.

The best way to save money on candy for Halloween is to buy the candy in large amounts. Purchase candy at your supermarketstore or at a discount big box store. Buy it early.

If you really want to save, buy the generic brand of candy or consider giving out other items such as small canisters of play-doh.

10. Check out the Pound Shop.

Kids really get excited about decorating for Halloween. They love monsters, ghosts, witches and anything that feels slightly scary!

For the best deal on decorations check out your local Pound store. They carry things like fake spider webs, skeleton bones, and black birds. You can also find trick or treat bags, and wreaths.

Mistakes to avoid

7 Common Money Mistakes to Avoid

Not having a budget

This is a key point to start everything off, once you know your income and outgoings each month, you can then start planning what to do with any spare cash you have left over at the end of each month (if any). Without a budget, you are flying blind as you cannot measure the reality of your financial situation, which can lead to debt, as your outgoings may exceed your income.


Not having an emergency fund

A rainy day fund or whatever you wish to call it, is essential to help avoid getting into debt. Today, the number of people in severe problem debt stands at 2.6 million. There are many things government and creditors can do to reduce this number but helping families build savings could be a key response to the crisis. Having £1,000 saved halves the chances a family will fall into debt. Unexpected bills or expenses are the main cause of your finances wobbling and getting into debt to resolve it.

The best way to combat this is to build up a reserve fund, this should be kept separate from your day to day account and your savings account.


Not Having Life Insurance

A lot of people place insuring their possessions above insuring their own lives, which amazes me to be honest. The one think you should ask yourself is: How would my family cope if I were not around? Life assurance is not very expensive, so you should look into it.

Relying on Credit to Get by Each Month

Being in debt can be very stressful and whilst it can be useful for bigger purchases, using credit to get you through to payday is a shortcut to financial disaster.

When you resort to quick credit offered by credit cards, or heaven forbid payday lenders you will be paying high rates of interest, that could ultimately cripple your finances.

Not making a will

Making a will is vitally important, as it allows you to have control over how your assets are distributed. A will allows you to decide what happens with your assets and even who you would like to look after your children in the event of your death.

If you die without a will, you die what is known as intestate and your assets will be distributed by the rules of intestacy which may differ considerably from what you wish to happen. See link


Not making the most of your savings

No matter how much or how little you have saved up, it is important to get the best return on your savings. The latest budget has increased the allowance to £20,000 from April 2017, so it is important to take advantage of this savings vehicle.


Not Insuring Your Possessions

Most of us will insure our car, but then leave our property and possessions under insured, or without any cover at all. Just a small unexpected loss can throw your finances off kilter. Even if you have insurance, make sure you are adequately covered on these policies, so that any claim will be paid in full.

Make The Most of your Dosh

Make The Most of Your Money

1. Mind the traps. We all tend to think we’re good at spotting a deal – but actually we will spend more money for a cheap car in an auction just because the luxury car sold before it went for a lot of money.

2. If you pay by card rather than cash you tend to spend more money and buy unhealthier foods. Try paying by cash more frequently for your smaller purchases, particularly at lunchtimes. Even better – make yourself a packed lunch.

3. Your personality plays a big role in how good you are at saving money. Sometimes people mistakenly think our attitude towards money comes from our upbringing and our parents, but have you ever noticed that siblings can have very different attitudes towards spending? Stable extroverts are more open, comfortable and carefree about their money. Whilst people who score high on conscientiousness are better savers.

4. The rule of threes: shops and online stores often lay things out in groups of threes. Imagine you’re looking to buy a cheap computer…there will be three items of a similar spec laid out in front of you. The three items will range in price from cheapest to most expensive. By showing you the one that’s more expensive, at least two out of three consumers will always buy the computer that is the middle price, rather than purchasing the cheapest item. This is the ‘compromise effect’ that most people fall for. We are most sensitive to disadvantages when shopping and often avoid the cheapest one in case the product is no good.

5. Not all money is worth the same. You will get more pleasure from winning £25 in a lottery one week followed by £50 the next, rather than £75 all in one go. Be mindful of your money and try and enjoy any winnings, no matter how much.

6. Beware the prices that end in a nine. £2.99, £3.49 or £59. People tend to think that these prices are better value, simply because the number nine is so often used to signal a discount. Amazingly, this will have the effect on people’s minds that if they see something priced at £39 next to something valued at £35, they’ll actually buy the one costing £39 because they think it’s a discount!

7. It’s not in a name. Some studies have shown that people will buy according to their name. So for example, if your name is Frank, you might be quite likely to go for something valued at £55 because of the letter ‘F’. Crazy, but true. Fortunately, only people with certain letters in their names need to worry about this one.

8. We care about fairness. A study was done about snow shovels and whether it was ok to double the price of a snow shovel when there has been a heavy snowfall and the shovel is in demand? People were fundamentally against this because it’s not fair.