November 29, 2018

The holidays can be a wonderful time of year, surrounded by family and friends, yet the season of giving can often mean the season of spending…and maybe even overspending. Here are three tips to help you navigate the holiday season within your budget.

1. Making a List: Are you exchanging gifts with your sister? Should you still be buying a gift for your 18 year old nephew? Set aside a time to discuss what your family is comfortable with. You may find that you are over-gifting and could bake a treat instead for Uncle Gary. By making a list and checking it twice, you can then allocate a budget to be prepared for what lies ahead.
   
   
2. Set a holiday budget: Setting a budget may seem intimidating. Start small by making your list of those you’re buying for and estimate the cost of each gift. This will provide you with an estimated budget. A tip to keep you on budget throughout your shopping trips is to track your spending along the way. Online Budgeting Platforms, like Money Management, provide you the option to have your spending habits organized.
   
   
3. Be resourceful: Holidays are a great time to take advantage of good deals. Be sure to check if your local store provides a complimentary gift wrapping services of your purchases. Also when shopping, take a detailed list of what you need to make sure that you stay within your plan and save yourself from making multiple trips, saving you both time and money!

Regardless of your holiday budget, the holiday season isn’t about big expensive gifts. By following these simple tips, you will be heading into the New Year with ease and with more cheer…especially when you’re not working in January to pay off the expenses!

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