SPENDING 101 FOR THE HOLIDAYS
With the holiday season upon us, it is easy to say “screw it” and be caught spending way more than we planned to and well, I wouldn't really blame anyone who decides to do that after surviving a whole year but for those who still want to keep check of their finances during the holidays, it is important to be intentional about how we spend.
After most holidays, I have realized that a lot of families go through financial stress mostly because of lack of planning, prioritizing, and organizing and this can be alleviated by simply putting certain steps in place.
I feel like the best time to budget our finances is during the holidays because while Christmas is a season of giving and spending, it is also an easy way people go into debt and this can be avoided by following some easy steps.
Some steps you can follow while being intentional about your finances this holiday are;
Have a holiday budget: even though having a budget does not mean you can’t exceed what is written in it, it is an easy way to keep yourself accountable for how much you plan on spending during the holiday season.
Separate the money you plan on spending from the rest of your finances: I believe that by simply separating the money you plan on spending, it helps remove the temptation of overspending.
Buy your items early: while this advice might be coming late, it is important to shop earlier because things are relatively cheaper before the holidays.
Create a savings plan: Separating your money might be a good way to manage your spending but if you still have access to it, you might still be tempted to spend so creating a saving plan with a lock is also a clever way to prevent overspending.
Cut corners: in some cases, personalized gifts or handmade gifts are an easy way to cut corners and to help prevent overspending.
Lastly, it is important to have resolve and learn to say no to certain demands and extra expenses during the holidays.
IN CONCLUSION
While it is important to keep check of your spending, it is also essential to not let your finances keep you from enjoying your holiday and it is good to know that Christmas isn't all about gifts but also sharing love.
Also, I will be using this opportunity to say I support @kemmyb for @dreemport
THANK YOU FOR OPENING THIS BOX OF PASSION
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What a timely, brilliant post! I quite agree that we can be tempted to overspend during the festive period, hence the financial struggles some families go through after the holidays.
To avoid this pitfall, I prefer to shop very early and avoid last minute rush! Like you advised, we must be intentional about how we spend.
Thanks for sharing these helpful tips and thanks for cheering for me! 😃 I look forward to the submission of this post at DreemPort. 😊
Ps: You may use the 'dreemer' tag on your posts. Makes it easy for our curators to find them.
I didn't know about the dreamer tag, I will use it more.
Also, shopping early is key especially with prices being hiked for the holidays, hopefully my post helps someone.
Thank you so much for reading, I hope you win.
hey @khaleesii, just remember it's dreemer not dreamer hehe
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Yeah I know this, thank you.
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This is an awesome post babe. You really talked about a lot of things I and mom were actually discussing today. This Christmas is a low budget one because, January comes with a lot of bills. Tuition and others. It's wise to pipelow.
Everyone would want to eat and forget tomorrow which is not a wise thing. I'm glad I'm more wiser than I've been thanks to experience. Lovely write up dear.
No one at home is even bothering for this Christmas, we are doing what we can but we can't be silly with money.
Most Januaries are so hard because people don't plan for December.
Thank you so much for reading.
I always love reading anything you write
Thank you so much, this melts my heart.
I have. In my heart. I do not buy gifts, but I still give gifts. Love and being together with your loved ones. This is the best gift you can give, and it do not even costs money.
Merry Christmas.
Have a nice day. All the best. Greetings and much love from Hungary.
Exactly, you don't need to give gifts to show love, spending time with your loved ones is the best gift.
Merry Christmas, how is Hungary right now?
Nice direct article with some good festive saving ideas. !PIZZA !ALIVE Remember you can also use the #vyb tag alongside #proofofbrain now and earn staked vyb tokens too.
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@khaleesii! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @samsmith1971. (2/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Thank you so much, also for the tips.
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Very efficient financial information there @khaleesii, as there are a lot of people during the holidays that do not think nor plan on spending, and absolute truth: it is easy to spend deep. Excellent post!
This post was obtained through Dreemport .
Thank you so much, I am glad you found it useful.
Merry Christmas.
You are very welcome, Merry Christmas!
Nothing but the truth, all the points you mentioned of are crucial to stop extravagance during this period, you'll always want to buy and buy till you'll spend all your money on both necessary things and things that are not relevant, that's why it's important to be careful the way we spend buy following the helpful tips you wrote on here.
This is in interesting post and I was directed to your post via @dreemport
Exactly, it is very important to be mindful of spending this period, I am glad you found my post helpful.
Thank you so much for reading and Merry Christmas.
Lots to learn from your post, worth reading.
Hope you're enjoying your Christmas?
Thank you and yes I am enjoying my Christmas, hope you are also.
Yeah, I'm enjoying my Christmas, it gonna be lite 🔥 tonight
That's nice, have fun okay.