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Holiday tips and tricks!

present wrapped in money

It’s the most wonderful time of the year!!!

I don’t know about you, but I love the holiday season. The lights, music, and family parties are a few things that make the holidays unique. You can feel the love, joy, and magic in the atmosphere. There is always a potent spirit of giving in the air, and you want to provide the best possible gifts. I am not going to lie; I love receiving gifts as well! There is a sense to relish in living it up and giving great gifts and being the life of the party, but not worth the post-holiday debt.

However, if you are already struggling financially, the holiday season can be highly stressful and cause anxiety. We can not allow our emotions to be swayed by the glitz and glimmer of one season.

This week I want to offer you a list of tips and tricks that could be helpful to remain emotionally and financially responsible during the season. I have come up with and came across several tips that I will share below. They are in no order of importance.

Daryl Singleton
Daryl Singleton
  1. Acknowledge your feelings. If someone close to you has recently passed or can’t be with loved ones. Take time to cry and express your feelings.
  2. Treat yourself less. A great example is instead of Starbucks make your own Latte. If you must go out use your reward points that you’ve earned from places throughout the year.
  3. Cash it! This is a great season to bring out your old friend, cash. It is so easy to swipe your card and lose track. However, when you utilize what they call “envelope budgeting,” you have the exact amount you need.
  4. Make and use a list. Be sure to make a list of who you’re buying for and what you are buying. Once you finish that list stop and stick to it. Always include a dollar amount.
  5. Start early and stop. Start as soon as possible on your list and once you’ve gone through the list, stop. Don’t be tempted to add one more item.
  6. Set a budget. Decided how much you can spend and go for less if possible.
  7. Give meaningful gifts. Sometime when you give gifts that mean most to the person it can costs less.
  8. Give something homemade. If you are a great baker this is the perfect time to put those skills to work! God to Aldi and go crazy in the baking aisle. Buy some cute paper and ribbons. Who doesn’t love baked goods?
  9. Don’t forget about thrift stores. There are tons of gently used good items that can be purchased like tennis rackets or golf clubs for a teen.
  10. Black Friday and coupons! Don’t allow BF hype to trick you only buy the good deals and ALWAYS use a coupon if you can find one. Manufactures always have them and some places if you subscribe will give a 10% off coupon. Each penny counts.
  11. Leave credit cards at home. Always only charge what you can pay back in 30 days.
  12. Be realistic. If you can then you can. If you cannot then you cannot. There is no embarrassment in simply just doing what you can.
  13. Big family? Pull names this year and set a budget.

The idea is to come out of the holiday season feeling like you are still in control of your finances and be enjoyable, not stressful. Know your holiday triggers and combat them. Always plan, and let’s build! Happy holidays from TRIO!