Don’t let Halloween overspending come back to haunt you

Halloween provides an opportunity to look outrageous. And while it may be fun to go incognito, it is important not to lose your head. After all, with an average wig costing $20, Halloween expenses can quickly become unsettling. While the total amount spent on Halloween has fallen from last year, it is still considered one of the most costly holidays. The National Retail Federation predicts that consumers will spend $4.75 billion on Halloween this year. However, you don’t have to spend a lot to enjoy Halloween. Following are some tips to make sure your budget stays intact this holiday season.

Make a plan. If you’re hosting a party or partaking in local Halloween events such as haunted houses, set aside cash in advance. Consider shopping with a list when purchasing party supplies and Halloween goodies, then commit to sticking to it. This is not a time to rack up credit card bills when Thanksgiving and Christmas are right around the corner.

you can store chocolate for up to a year. Saving collected candy to disburse throughout the year will save money and stomachaches. Keep uncarved pumpkins around for a while—they are perfect fall decorations.

While saving money is great, safety is one area where you don’t want to skimp. At a minimum, children should wear clothing with reflective markings or tape and carry a flashlight.

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Kim McGrigg is the former Manager of Community and Media Relations for MMI.

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