Tips To Keep Holiday Spending Under Control

by Angela Marquis on December 2, 2015

grinchThe Holidays are a very busy time of the year, and requires some planning to make them the happiest time of the year. That planning requires more than just buying a gift or making a grocery list. If you’re not financial prepared the holiday season can be a stressful time of year with the cost of gifts, parties and travel, etc. Just like the story, “How The Grinch Stole Christmas”, let your heart grow during the holidays, not your debt. Here are 7 tips so the Debt Grinch won’ take your holiday spirit away and leave you with out of control bills in the New Year:


grinch 2

  1. If you haven’t started a savings account for the Holidays, then start now for next year. The best planning is to save. Even if you put 15 a week away for 50 weeks, that would give you $750 to spend during the holidays.
  2. If you can, pay cash for your gifts so in the New Year your bills don’t sneak up on you and you will avoid paying interest on credit cards.
  3. Make a budget to prepare for Christmas and help you determine how much to spend on each gift. Comparing to other years will help you prepare for future years.
  4. Control your spending by making a list and sticking to it.
  5. Everyone likes to save a few dollars and every penny you save, can add up, so use coupons.
  6. Do your research – go on line and compare prices
  7. The best gifts are homemade gifts, knowing someone took the time to do that for you.

Don’t let debt be a Holiday Grinch this year. Have a plan for fun and finance!

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter


5 Tips to Prevent Having Your Bank Account Scooped

October 28, 2015

If you have an account with a bank in which you owe a loan or a credit card, that bank can go into your account and withdraw the payment to fulfill the debt. This process is called the “Right of Offset”. They can do this without notifying you ahead of time and if you are […]

Read the full article →

Getting unhooked from credit

August 28, 2015

We all want to live debt free.  That pile of bills each month is a constant strain on our paycheques and worry on our mind.  However you might be surprise to learn that getting unhooked from credit is actually more of a personal path than a set of rules to follow, and what works for […]

Read the full article →

Plan for a rainy day by seizing the opportunity that you are presented today.

July 30, 2015

Everyone has those unforeseen disasters in their lives.  Our car breaks down, we blow a tire, the hot water heater stops working, the AC dies or your pet becomes ill and now you have a big bill.  Things will go wrong!  Cashing in RRSP, taking out short term loans or maxing out your credit card […]

Read the full article →

When The Temperature Rises, Does Your Spending Rise Too?

June 24, 2015

When temperatures rises, does your spending rise too?  It can seem like winter lasts forever!  So when summer finally arrives with warmer temperatures we all want to get out, have some fun and enjoy the sun.  Being out and about can lead us to spend more. Think about it, when the sun comes out and […]

Read the full article →