Some tips how to save money with Obopay

Black Friday is just around the corner and millions of people are starting to think about holiday shopping and gift-giving. Obopay payment processor also thought about its consumers and decided to help them on getting through the “lump of coal” economy. Gregory Holmes, the President of U.S.-Based Operations, has provided several tips that could be helpful this shopping seaon:

1. Create a budget for gifts and stick to it. Consider using a prepaid card for these purchases so you spend only what you have.

2. Be smart when helping friends and family. 

3. Give your kids a budget for gifts, too, and show them how to keep track of their expenditures. 

4. Honestly evaluate your monthly budget and consider replacing name brands with generics where possible.

5. When traveling, have a loaded prepaid card with you to cover unexpected or unplanned expenses.

6. Don’t limit your shopping to malls — thrift stores, consignment stores, flea markets and classified ads on and offline yield a wealth of bargains.

7. Use the tools technology affords. 

Also, Gregory Holmes suggests the idea of sending money through mobile phones: “It’s always nice to get wrapped presents, of course, but I really like the idea of sending cash over the phone instead of checks in the mail, saving my stamps for Christmas cards. Besides, who wouldn’t love a text message that said “Merry Christmas!” with instructions to pick up cash?”