The holidays are just around the corner, are you prepared?
For most of us the reality is ‘no.’ How many times have you found yourself running around for that last minute gift, having your debit card declined at the grocery store because you didn’t factor in the extra holiday expenses and just crossing your fingers that you didn’t overspend on your credit card.
It would be easy to say that you are not participating in the holiday festivities, but is that realistic? The key is now that you have read this article; you make yourself a
holiday plan. By following the advice that we have given to many clients over the years you will have the tools and tips to plan ahead for this year’s holiday rush.
So what should you plan for?
Not only are the days getting shorter, but the list of who to buy for is getting longer. Make a list, determine who you must buy for and set a budget limit.
This is the time where there are work parties, friend parties and family parties. Include in your holiday budget amounts for what you will need to bring to the get together and of course for transportation home after the festivities. It can be traditional to give a gift to the host of a party.Consider baking, preserves or homemade ornaments for these thoughtful gifts.
Additional Food for the Holidays
Whether it is for the big dinner or for entertaining friends over the holidays, extra groceries will have to be factored into your budget. Take stock of supplies
you already have, check the flyers and go shopping with a list.
At this time of year the options are endless. Decide on what best suits your intention and include it in your budget. One option is to have all your family choose together and all contribute.
Go out to dinner with friends instead of exchanging gifts, draw names for extended family, give family gifts instead of individual, do a good deed as a gift… Be creative in your talents. In the end the way to prepare for the holidays is to set a realistic budget, plan for extra expenses and try not to get caught up in the holiday hype. It is a time to enjoy family and friends and by having a plan that will ensure you enjoy the moment and not worry about how you will pay for it all come January.
To find our resource, Financially Fit for the Holidays, head to our web site, www.solveyourdebts.com/english/resources
If you have questions on your financial situation, call 1-888-753-2227. We are located at 20 Alma Street, Saint John.