TORONTO, ON – Halloween can be a creepy time of year, and the thought of all the money you spend is frightening. With the costs of costumes, candy and elaborate decorations all adding up, it is wise to plan ahead and find creative ways to save on Halloween costumes.
According to Statistics Canada, Canadians spend more than $60 each on their Halloween costumes and an additional $59 to dress up our pets. This year, Consolidated Credit Counseling Services of Canada encourages Canadians to get creative with Halloween costumes to cut costs.
“With the average Canadian carrying more than $26,000 in non-mortgage debt, we need to get realistic about how much additional spending our budgets can handle,” said Jeffrey Schwartz, executive director at Consolidated Credit Counseling Services of Canada. “The one-off expenses and last minute purchases associated with Halloween can be frightening for your budget and quickly put you in the debt danger zone.”
“Planning ahead is always a great strategy for saving money. By including Halloween purchases in your family budget, you won’t be caught off-guard when it comes time to pay for them,” added Schwartz.
To help off-set the horrifying expense of Halloween, Consolidated Credit offers these tips to help you find huge savings when planning costumes for your family this year:
- Do It Yourself: If you are handy with a sewing machine, there are a number of free Halloween patterns that can be found on-line. You can also raid your closet or children’s dress-up box and reuse parts of past costumes. The best part of a DIY Halloween project is that it doesn’t have to cost you a penny.
- Costume Swap: Most people, young and old, don’t like wearing the same costume year after year. Get together with friends and neighbours and plan to exchange costumes this year.
- Buy Used: Swap-shops, second hand stores and online classifieds are all great places to find used costumes at amazing prices – and because Halloween only comes around once a year, most of the costumes are in great condition.
- Costume Couponing: Check out Groupon, Wagjag and other group buying sites for huge Halloween savings. As October 31st gets closer there will be plenty of deals at popular stores in your area.
Don’t let your debt load be the scariest thing you see this Halloween. For more tips and tricks to keep the debt demons away, follow Consolidated Credit on Facebook. Share your own tips in our Tricks for Treats contest for a chance to win a special Halloween surprise!