The Stressless Holiday Plan

Written by David Dixon, EdS ~ 11/18/2024

The holiday season, meant to be full of wonder and joy, often comes with financial angst. The key to a smoother experience of this festive time is budgeting. Let's explore ways to spread joy for much less financial worry.

1. Plan Early
   Starting early is key to success. Create a comprehensive budget including spending categories, such as:
   • Gifts
   • Holiday travel
   • Food and entertainment
   • Holiday decor and attire
   • Charitable contributions
     
     Save and revisit this plan each year to align with evolving needs/wants.
     
     
2. Set Limits and Priorities
   List everyone you plan to buy gifts for and assign a specific budget to each one. This keeps your overall budget in check.
   
   
3. Monitor Your Holiday Spending
   Leverage online banking for easy monitoring of your accounts. Review statements to stay on top of your spending trends. Timely bill payments prevent unnecessary fees.
   
   
4. Smart Credit Card Usage
   Opt for credit cards offering cashback and other rewards. Since you'll likely spend the money anyway, why not get something in return, such as cashback, discounts, or travel deals?
   
   
5. Comparison Shop
   Check prices for the best value/offers from retailers. Online tools and apps assist you in comparing prices, locating the best deals, and stretching your funds.
   
   
6. Personalized Gifts and DIY
   Consider making gifts yourself. Homemade gifts carry more sentimental value and are a budget-friendly alternative.
   
   
7. Expensive Gifts
   For pricier items, start a savings plan early in the year. This proactive approach ensures you have funds set aside for special gifts, alleviating financial strain during the holidays.

We are better throughout the year for having, in spirit, become a child again at Christmastime.
Laura Ingalls Wilder

The true joy of the holidays lies in shared moments with loved ones. By planning wisely, you can focus on creating lasting memories.

At LifeSkills Academy, we believe in empowering individuals with essential life skills. If you're interested in staying informed about our classes, valuable life skills content, and updates, sign up for our newsletters and class notices. Join us on the journey of continuous learning and personal growth. Let's build a foundation for success in life together.

Share this post!