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Holiday Spending Tips and Tricks

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The holiday season is filled with celebrations and gatherings with friends and family. All of that holiday cheer can turn into a financial burden very quickly though. To avoid this, having a holiday spending plan is key. Here are some tips on how to avoid overspending this holiday season:

Set a Budget Ahead of Time

  • Determine a realistic budget for holiday gifts that you won’t regret come January. The holidays are about spending time with those you love, not expensive gifts. Don’t feel pressured to spend certain amounts of money just because others may have a larger budget than you.

Make a List and Check it Twice

  • Decide on who you are getting gifts for and brainstorm some gift ideas to see how you can stay within budget. This helps you avoid those last-minute gifts because you forgot someone.

Take Advantage of Rewards

  • Certain credit cards have different cash-back rewards for various stores during the holiday season. Don’t take out debt on credit cards though, be able to pay them off right away to avoid fees.

Take Advantage of Holiday Sales

  • Many stores have holiday sales running through New Year’s. Do some research to see if any many sense for you.

Don’t Feel Pressured to Get Everyone a Gift

  • Gifts are fun, but if they are causing you stress about your budget then don’t feel pressured to get a million gifts. Suggest to friends that instead of gifts you do an activity together!