Money Sense
Start Planning Now for Holiday Spending
It may feel a little early to think about the holidays, but that’s exactly why now is a good time to start. A little planning before the shopping season gets into full swing can help you enjoy the holidays without starting the new year with a pile of unexpected bills.
Make your list now
Start thinking about what you’re likely to spend money on this holiday season. And think beyond gifts. Include meals, travel, decorations, parties, shipping costs, donations and all those little extras that have a way of adding up.
Set a budget you can live with
Decide how much you’re comfortable spending overall, then divide it among the categories on your list. Leave yourself a little wiggle room for the unexpected, because the unexpected always seems to RSVP for the holidays.
Shop with a plan
Starting early gives you time to compare prices, watch for sales and coupons, and avoid last-minute purchases. Just remember, buying something you didn’t plan to purchase simply because it’s on sale isn’t really saving money.
Get creative
A meaningful gift doesn’t have to come with a big price tag. Homemade treats, a favorite family recipe, a framed photo, or simply spending time together can mean more than another thing wrapped in a box.
Stick to your list
As holiday marketing ramps up, so will the temptation to add one more gift, decoration or stocking stuffer. Keep your list handy and give yourself permission to say, “That’s enough.”
And if you find that holiday expenses may stretch your budget, Signia Credit Union is here to help you understand the options available to you. Planning ahead gives you more time to make the choices that work best for your finances.