Two Big Tips for the Holiday Season

Two Big Tips for the Holiday Season
 
Today is known as “Black Friday.”  This year is expected to look a lot different than the 2020 holiday season, due to many trying to avoid exposure to Covid-19 during that time. This holiday season, millions are expected to flood stores in search of discounts as an act of making up for lost time due to the pandemic.
 
As exciting as the holiday season is, it is important to keep your finances in the front of your mind so that you are not digging yourself a whole that is difficult to get out of.


Consider these two biggest tips to help you manage your holiday spending:
 
1.    Make a list of who you plan to purchase gifts for.  This helps to avoid forgetting someone as you are out frantically searching for deals. 

2.    Set a budget and stick to it.  Set a specific amount of money that you can COMFORTABLY afford to spend for this holiday season.  Once you reach that amount, STOP!  Do not risk overspending, which causes you to stay in financial bondage. 


Although the holiday time is considered the season of giving, you still must remember what is most important to you.  If improving your finances, increasing your credit score, getting out of debt or finally reaching financial goals are important to you, then you must practice some discipline this season so that you too can receive a gift.  A gift of effectively managing your finances and reducing your financial stress.