How to Survive the Christmas Season without Breaking the Bank
Many of us feel the crunch during the holiday season. You want to buy gifts for your friends and family. You want to host holiday parties. You probably plan on traveling. All of these things add up during this time of year. Fortunately, there are dozens of finance bloggers out there who have smart tips on how to survive the Christmas season without breaking the bank. Check out the list below to learn more about everything from using your credit cards wisely to tracking your holiday spending.
Before you get started with your holiday plans, take a minute to plan a holiday budget. Most people recommend spending between 1% and 3% of your total annual income on gifts, parties, etc. Take that number and split it up by the number of gifts you want to buy, the party you want to host, the trip to grandma’s, etc. It’s also a good idea to set a budget for each individual when it comes to gifts.
Joe at Retire by 40 has some good tips on how you can use pre-paid credit cards this holiday season. These cards are a good way to stay safe when shopping online and to stick to your holiday shopping budget.
Libby over at Bargain Babe has some great tips on how to trim the fat from your holiday budget. She has tips on ways to reduce your electricity bill, your food/party budget, and your gift budget.
Beverly has some savvy tips on how to use your credit cards wisely this holiday season. You can watch her video interview or simply read her bulleted list of helpful points.
Money Beagle has some practical tips on how to keep track of your holiday spending. It is one thing to set a budget, but it is another thing altogether to stick to it!
Hank over at Money Q&A has even more tips on smart ways to use your credit cards when you go shopping this year.
Be sure to share these articles and tips with your friends!
What steps do you take to keep your holiday spending under control?