Carving a Holiday Budget

Carving a Holiday Budget

Print Friendly, PDF & Email


Background pattern
Description automatically generatedThe holidays are a time for giving, but often people can be a little overgenerous during this time of year and later find themselves in financial trouble. According to a survey by Country Financial 32 percent are feeling the greatest stress around holiday finances.1

Here are our top tips for saving money during the holiday season:

  1. Create a Holiday Budget

Monthly Income – Monthly Expenses = Your Holiday Budget

Make a list of everyone you will buy for and how much you will spend on each person, then stick to it!

Also, consider setting a gift budget for the entire year to better anticipate costs and save for additional holiday spending monthly. This will allow for smoother month-to-month budget tracking

2. Pay with Cash

When you pay with cash, you can get a better handle on how much you are spending. You are forced to stick to your budget because you can’t spend cash you don’t have!

3. Pay with Gift Cards

There are websites and stores where you can purchase gift cards at a discounted price. Shop with them and you are automatically saving money. Shop for items on sale or at a discount store and save even more money!

1 https://www.countryfinancial.com/en/about-us/newsroom/waiting-for-a-holiday-miracle-santa-needs-to-leave-nearly-60k.html

Print Friendly, PDF & Email


Related Posts

Online Security Tips From The Department Of Labor

Online Security Tips From The Department Of Labor

You can reduce the risk of fraud and loss to your retirement account by following these basic rules: REGISTER, SET UP AND ROUTINELY MONITOR YOUR ONLINE ACCOUNTMaintaining online access to your retirement account allows you to protect and manage your...

Need a Tax Break?

Need a Tax Break?

You may be eligible for a valuable incentive, which could reduce your federal income tax liability, for contributing to your company’s 401(k) or 403(b) plan. If you qualify, you may receive a Tax Saver’s Credit of up to $1,000 ($2,000 for married couples filing...

PLANNING FINANCIAL FUTURES

PLANNING FINANCIAL FUTURES

Do you spend more time planning your annual vacation than you do thinking about your personal finances? If so, you’re not alone. A lot of people put off financial planning or avoid it altogether. Personal financial planning is an ongoing, lifelong process. If we break...

Share

Share this post.