Announcing The Winner of Our Financial Literacy Scholarship (Spring 2022)
We are awarding $750 to a student every semester. All you have to do is show us how financial literacy has made a difference in your life.
If you and your family celebrate the holiday season and love to exchange gifts, eat great food, and generally have a good time, then money is probably one of your biggest concerns during the most festive time of the year. When it comes to family, friends and the holidays, we understand it can be hard to stick to a budget, resist racking up too much credit card debt, and refrain from blowing the bank.
It’s currently December 1st, which means we’re all about to realize that we have less than a month to get our acts together and figure this whole holidays on a budget thing. Don’t start to stress too much yet, this year we’ve got your back. We asked around, polled the office, and came up with what we think are the 4 steps you should take to tackle the next 31 days (we’re including New Year’s Eve because that can be just as expensive as any other holiday).
We established before that it’s currently December 1st which means you don’t exactly have all the time in the world to plan ahead (unless it’s later than December 1st which means you have even less time). It’s ok because you don’t need to plan the entire holiday season down to every dinner roll served, you just need to make a few small to make sure you’re sticking to your goals.
Here are a few plans we think everyone could benefit from:
5 Financial Fixes to Make Before the New Year, read here.
If you want to start a new tradition or implement a cost-cutting one then you need to take the initiative. Often we get caught up in the excitement of the holidays and forget how much money we’re actually spending. If you want to save money this season, you need to actually talk about it because no one can read your mind. Like we said before, if you’ve got cost cutting on your mind, it’s more than likely that so goes everyone else.
Take the initiative, suggest a few options, and explain why you want to make changes to how the holidays are celebrated among your friends and family this year.
When thinking about the friends and family members you want to buy gifts for this year, consider the idea of time over money. There are dozens of reasons why it might seem easier to just buy a gift, but when it comes to certain friends or family members, think about the last time you spent one on one time with them. Start new traditions, take your grandparents out for dinner for the holidays or spend time watching your favourite childhood Christmas movies with a sibling. Just remember that time is often better than money.
Looking to save money this winter? This article is for you.
So you probably shouldn’t say no to your grandmother’s annual Christmas Eve dinner. But, if your boss invites you to his or her huge New Year’s Eve party where you’ll know no one, have to spend serious money on a new outfit, and probably not even see your boss the whole night, you can probably say no to that. Same goes for those invites to holiday parties thrown by a friend of a friend. Learn to say no and you’ll be less stressed out about how many commitments you have and how much cash you’ll be spending.
There you have it, our top 4 tips for avoiding holiday stress and debt. Follow them and you should be on your way to celebrating, stress-free with your friends and family members.
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