Don’t end up in the ho, ho, hole: Start saving now for Xmas

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Community

July 9, 2018 - 11:00 PM

Advance planning and shopping can reduce stress when the holiday season starts.

It’s summer — the season for cookouts, gardening, going to the pool, and a time to begin setting aside money for the holidays. As with many things in life, preparing and planning before you begin makes things easier. It is no different when preparing financially for the holidays. The holidays are a time to gather with family and friends, and many times we find ourselves getting caught up in the excitement, and spending more than anticipated. Planning ahead can save you financial and emotional strain.

Budgeting for parties and gift giving in advance can help you control your money rather than the money or the season controlling you.

Gift giving

Begin creating a budget specifically for gifts by making a list of all of the people to whom you want to give a present. Assign a sum of money and slowly start saving by putting money in an envelope that says the name of that person.

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