By Barbara Miller, Financial Counselling Supervisor with LSS Financial Counseling
For many families, the holidays and overspending go hand in hand. As a financial counselor, I see it all the time. Clients seldom think about budgeting BEFORE the holidays arrive. While the idea seems simple; it’s the execution that’s the problem! With some planning and creativity, you can still have a joyous holiday season this year and every year after without busting your budget.
It’s not always easy to find where to cut out expenses to save for holiday spending. However, with a little discipline, budgeting to save for the holidays can be less arduous. Here are seven tips to get you started:
November 6, 2013
You might think that middle-aged Americans and those reaching retirement age would be the most interested in saving. But research from America Saves released yesterday found the opposite. Americans age 18 – 35 reported the greatest interest in and effort made towards saving. Perhaps they are the most interested in saving because of psychological impacts of the Great Recession and concern about the long-term future of Social Security.
The only thing scarier than ghosts and ghouls on All Hallows Eve, is the promise of spending ghastly amounts on costumes and candy. Approximately 158 million people will participate in Halloween activities, which is 12 million fewer than last year, according to a survey by the National Retail Federation.
The average amount consumers spend on everything from candy to decorations is a whopping $75.03! But Halloween doesn’t have to be a money-suck from heck! Consider these tips before venturing out to the stores.
October 31, 2013
Budgeting for the holidays is just as important if not more important as monthly budgeting. It can be extra helpful when you are trying to decrease spending on holiday décor, gifts, and meals. A practice that has worked for me is purchasing many holiday items at discount discount dollar stores.I’m not speaking of the so called “dollar stores” of yesteryear – you know the ones that were dusty and boring, that looked like they were only good for generic paper goods and cleaning supplies. Thankfully, times have changed, and now holiday shoppers can find the most surprising deals at these discount stores.