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:

SAVE
CASH
BUDGET
CONTROL
COUPONS
RESEARCH
HOMEMADE GIFTS
ENJOY YOUR HOLIDAYS

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!

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