Saving for the Holiday Season
December 9, 2015
The holiday season comes with plenty of reasons to celebrate, but if you’re suffering from financial hardship or debt, it can also be a time of great stress and anxiety. Instead of letting money woes sap your holiday spirit, consider some of these tips for saving this December.
- Get crafty. There are few things more heart-warming over the holiday season than getting or giving a gift that you made yourself. It’s more meaningful, and does less damage to your budget.
- Make a budget and stick to it. Be honest about how much money you have available to spend on gifts, and stick to that number. It can be easy to get caught up with all the trappings and trimmings of the holiday season, but you’ll be thankful that you didn’t blow your savings when the New Year rolls around.
- Draw names and stick to a spending limit. This can help alleviate some of the stress of having to purchase gifts for every friend and family member, and the spending cap helps keep everyone on the same playing field when it comes to the giving of gifts. It also takes the pressure off when you don’t have to spend more than $10-$20 on a present.
- Steer clear of credit cards. If you don’t have the cash to pay for it outright, you probably shouldn’t put the purchase on a credit card. However, if you do, remember to pay that balance off so it doesn’t add to your debt.
And remember, for more help resolving your financial problems, give our office a call today. We’re here to help you manage the burden of debt and get you back on your feet.