Here’s how you can have a great holiday season without stressing over money
‘Tis the season of giving and spending quality time with family and friends. The holiday shopping season is in full effect! I know some of you are so efficient that you’ve already finished. I’m not in that category, unfortunately.
For most people, holiday spending takes a huge bite out of the bank account, and it could be a source of stress this holiday season. To enjoy the holidays without suffering a wave of money stress, here are five holiday spending hacks:
1. Create a spending plan. Your budget is your best friend. To keep things under control, set a specific amount that you’ll spend this holiday season and stick to it. Even better, use cash. By paying cash, you’ll be more aware of your spending.
2. Identify all possible expenses. Gifts are not our only expense during the holidays. There are decorations, dinners, and even travel expenses. Make sure your spending plan takes all of these into account.
3. Set budgets per person on your list. Divide your gift-buying budget among all of the people for whom you plan to purchase gifts. Set individual spending amounts so you can pace your purchases and stay on track to meet your holiday budgeting goals.
4. Focus on homemade gifts or experiences in lieu of store-bought items. Gifts made by you can be even more special than store-bought items. The holidays are all about spending quality time with those you love. When we think back over the years, we usually remember the experiences rather than the gifts we receive.
5. Shop smart. Shop early and shop strategically. Black Friday and Cyber Monday have passed, but there are still deals out there. Pay attention to ads and promos.
I hope these tips help you create a merry and less financially stressful holiday season. If you’d like to give yourself the gift of mastering your money I can help! Visit my website at www.embracejoyfulliving.com to schedule an appointment with me, and let’s discuss how I can help you reach your money goals.
Here’s a bonus tip: Remember the true reason for the season! Happy Holidays!