When you see Christmas décor take over every store, you know the holiday season is near. Hanging up colorful lights and dusting off mini North Pole villages can be fun; nevertheless, when you start pulling money from your pocket to cover holiday expenses, the holiday cheer can fade away. But it doesn’t have to! You have plenty of time to plan, save and feel more confident that you can bestow a plethora of gifts and pay your bills without breaking the bank.
Your first order of business is creating a spending plan. Think back to the previous holiday season and how much you spent overall. Will you spend that much this year? Perhaps you will spend more because a family member got married or had a child, which means adding another gift to the list. Or maybe you had a family member move into the area so you won’t have to pay for a flight. Whatever your circumstances may be, you can make a plan to keep your spending in check: estimate and set an amount that you think you will spend or you wish to spend, then, start saving a little bit each month to meet those expenses.
Still want a way to cut back costs? Here are a few tips for smart holiday shopping:
Holiday spending does not have to be overwhelming. Keep the season bright with a financial plan and a little help from your Money Coach. They can provide more details on how to make a spending plan and meet holiday expenses. Call 888-724-2326 to start the holidays right.
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