Are you in control of holiday spending?
Create a holiday spending plan.
The holiday season is fast-approaching. Have you started your holiday shopping? Have you created your holiday spending plan? If not, now is the perfect time to get started. According to the Consumer Federation of America, one-third of consumers plan to spend more during the holidays than in previous years.
It’s important to holiday spending plan. The (AFSAEF) offers a spending plan specifically for the holidays. Consumers can fill in the holiday spending plan and print it out. The most important part of creating your holiday spending plan is sticking to it!
According to Katie Bryan at America Saves, it is important to review your financial health when creating your holiday spending plan. Katie suggests focusing on what you really want and need. Do you really have the funds to buy a $200 pair of shoes for your son or should that money go toward your emergency fund? Furthermore, create a spending and savings plan to reach your goals throughout the year, not just during the holidays. Michigan State University Extension offers , to help you become financially healthy.
Here are some additional tips to help you stay on track during this holiday season:
- Consider a seasonal job
- Make sentimental gifts
- Shop throughout the year
- Preview Black Friday ads
- Preview Cyber Monday ads
- Sign up for store coupons/rewards
- Consider on-line or catalog shopping
- Take advantages of seasonal bargains
- Draw names for gifts and set a spending limit
- Allow time for planning and comparison shopping
- Limit the credit cards you use or leave them at home
Don’t let this holiday season break the bank, plan ahead
. Be sure to think about your goals not only during the holiday season but throughout the year. Take the Financial Health Survey and discover more ways you can improve your financial health. Create your spending plans and work them. Happy saving!