3 Holiday Spending Tips

Some experts say that we are already in a recession, while others say we are just months away from one. Regardless, holiday spending will still continue. How can you enjoy the holidays, but avoid overspending, especially during an unstable economy?

1. Always create a holiday budget so you know how much you can afford to spend. Don’t forget to include non-gift items, such as decorations. Some people budget a lump sum, while others may focus on a certain dollar amount each payday that they can afford to spend. However you do it, just be sure to figure it out so you can avoid a holiday spending hangover.

2. Say “yes” to “no”. Remember, your time is limited and so is your bank account. Prioritize what events are most essential to you and your family, such as attending your spouse’s work party and your child’s school event. Say “no” to things you simply don’t have the time, energy, or money for, and that are lower on the list of priorities.

3. Remember that the holiday season is really about spending time with your friends and family, more so than a bunch of presents. Enjoy having a few friends over for hot chocolate, cider, eggnog or delicious treats. Have a wonderful experience that won’t empty your wallet.

For more tips, go to our holiday spending flyer.