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6 Ways to Save Money on Halloween

Halloween can be an exciting time for both kids and adults to decorate festively, dress up in costumes and eat lot of candy. If you’re looking to have fun without scaring the pants off of your wallet, consider these tips that can send smart spending chills down your spine.

1. Make a ghostly run for good deals.

Time is of the essence when it comes to getting the costume you want at a good price.

It’s best to start planning now. Not only can you snag a good price, you can insure that you will get the costume you want by giving yourself ample time. Whether you’re dead set on something specific, enjoy being inspired in the moment or just have a few ideas in mind before shopping, start now.

It’s easier for an adult to wing it a bit on a costume if it gets too close to Halloween but if you have kids that have their hearts set on being a certain character, it’s key to plan wisely. Karl Quist, president of Priceblink.com, reminds you to always do your homework. Comparison shopping is key whether you’re planning to buy in store or online. Quist explains that you never want to purchase something and then find that same item cheaper somewhere else.

When it comes to décor, try to be festive without overspending. “If it’s something that you don’t necessarily need this year, wait until November 1 and then buy everything for 75 percent off and store it away until next year,” Quist says.

Quist also adds that you should start buying candy as early as possible when you see it on sale. Take advantage of buy-one-get-one deals or the savings you can reap from a warehouse club where you buy in bulk. Check the Internet for manufacturers’ coupons, too.

2. Avoid an in-store nightmare.

Sometimes shopping in-store can be time-consuming. Driving around to a bunch of stores that may or may not have what you are looking for can make time-pressed shoppers feel like zombies. If just getting to the store and scouring racks tends to make you batty, check out online stores. You can get a reasonably priced costume sent right to your home without any hassle. You’ll know in minutes whether or not they have your size and style of the ghoul, gobblin, superhero or prince you want to impersonate. Many times you can customize options or spot something new and affordable that you never heard of. SuperflyKids.com has DIY kits which let parents and kids create their own superhero cape or tutu for a fraction of the cost.

I caught up Justin Draplin, co-founder of SuperflyKids, to gain insight about the best time to shop for costumes. He explains that if you plan to order a costume online, don’t wait until the very last minute. “Chances are you’ll spend just as much as the price of the costume having to expedite shipping to make sure it arrives on time.”

3. Consider bringing gently used costumes back to life.

Many stores sell costumes in good condition. This can be very helpful to those with tight budgets, people who have big families or for those who just want to spend less. The stores usually house trendy costumes that are still up-to-date as well as certain characters that seem to be timeless like Ninja Turtles, superheroes, princesses and traditional Halloween costumes.

4. Repurpose for an educational purpose.

If your child likes to dress in silly costumes year round, consider buying dramatic play costumes for Halloween. Police officer outfits, firefighter getups and even tutus are completely functional for kids who like to invent scenarios and use their imagination. According to Psychology Today, studies show cognitive benefits of dramatic play, like an increase in language usage. Kids love to use their imaginations all year when given the opportunity. Foster their love of play with a costume than can use after the holiday is over. These types of costumes cost about the same amount of money and tend to be more durable than regular Halloween costumes.

5. Give kids a spooky budget.

My daughter’s birthday is close to Halloween. We allocate a certain amount of dollars toward her party and gift. We make sure she knows how much she can spend for her costume as well. If she has their heart set on a certain costume that costs more than the allotted amount, I have her do extra chores to make up the difference. If you don’t have the extra cash to help out, have your child work for a grandparent or other relative.

6. Get creative and crafty.

Kelly Whalen, owner of the website CentsibleLife.com, suggests hosting a costume exchange with local friends and neighbors. She explains that everyone brings their gently used costumes and takes home something for their kids to wear this year.

Whalen also adds that making your own costume can be a fun way to save big. You can create simple costumes from items you already have around your home. She suggests making a baby costume with oversized pajamas, slippers and a baby cap or creating a robot costume with aluminum foil and a leftover cardboard box. Complete the look with silver face paint. “A simple ghost costume with a sheet works, too. It’s old-fashioned but fun and easy to make,” she says.

Don’t let the sticker shock of Halloween scare you. You also don’t want to run up any bills that will haunt you for days. Use the tips mentioned above to cut corners without cutting out any festive fun. It won’t suck the blood out of your budget or make you stay up all night afraid thinking about what you spent.

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6 Ways to Save Money on Halloween originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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