This holiday season, many mall-bound Americans will probably shop, not realizing just how much they’re spending until it’s too late. Over $600 billion was spent during the winter holidays last year,¹ and the average American spent $766 alone for online Thanksgiving items (not including travel!). That’s a 21% increase from the previous year!² Don’t let the holiday cheer fizzle away when you get the bills; rather, go into gift-giving season armed with a holiday spending plan.
Even if you have a regular spending plan, setting one specifically for winter celebrations can give you an extra layer of protection against emptying your wallet. As you start to create your holiday spending plan, consider the following action steps:
Want personalized help with holiday spending? Your Money Coach can talk with you one-on-one, help you set definitive dollar amounts, and make sure you’re taking everything into account. Start planning for the holidays by calling 888-724-2326.
¹Grannis, Kathy. “The Long and Short of American’s Consumer Holidays.” nrf.com. NRF, 1 May 2014. Web. 20 Oct. 2014.
²“2013 Holiday Season U.S. Desktop E-Commerce Spending Reaches Record $46.5 Billion, Up 10 Percent vs. Year Ago.” comscore.com. Reston, VA: comScore, 7 Jan. 2014. Web. 20 Oct. 2014.
With tax debt and credit card debt, Laura needed financial direction and relief. Working with Aaron, her trusted MSA Money Coach, was just the ticket. Together, they established and accomplished two main goals: creating a spending plan and eliminating debt. Here’s how…. Spending Plan Problem: For Laura, spending was all over the place, and she […]
This year, if you pay attention to a few small details, you’ll find big holiday savings. Get smart with your spending and make sure your bank account has a happy Christmas too. Here are a couple tips to get you started. Cut Down Your Coffee Costs A quick stop for a boost of liquid energy […]
Putting together a successful spending plan isn’t just about making the numbers work. The process must also acknowledge the feelings and potential conflict that may arise when an individual, couple or family make significant lifestyle decisions that involve others. A spending plan is most effective when everyone involved understands and is committed to its success. […]