The holiday season is rapidly approaching.
You will begin to notice stores displaying holiday decorations,
increasing inventory, and gearing up for the rush that comes with
holiday shopping. Nevertheless, before rushing out to begin your
seasonal shopping, take time out to access your financial situation.
Check to see how much money you have available to spend for the
holidays. Ideally, you have planned and budgeted for the holidays
throughout the year. Perhaps you began last January by developing
a spending plan (budget), deciding how much you wanted to save
by the end of the year, and putting money aside on a weekly or
monthly basis. Or perhaps you did this through some type of a
Christmas savings account with a financial institution or a social
savings club. If you did, you're way ahead of the game.
If you need to trim holiday spending to stay
within your budget, you have some options. You can still avoid
anxiety and stress by following these holiday management tips
by the Consumer Credit Education Foundation, the non-profit arm
of the American Financial Services Association.
If this holiday season has caught you without
adequate money to spend for a joyous holiday, start now by correcting
this situation for the future. Plan to have money for your holiday
spending for next year and follow these tips.